The Federal Reserve has decided to keep all its regional bank presidents in their jobs. This might seem like a small thing, but it's actually pretty important. These presidents have a big say in setting interest rates, almost as much as the main governors do. Not long ago, there was talk about chan
BNB, the digital currency tied to the BNB Chain, saw its value drop by more than 2. 7% in a single day, landing at $865. This happened after the Federal Reserve made a small change to interest rates. While other investments like gold and stocks went up, cryptocurrencies took a hit, with the overall
Howard Marks, a big name in finance, thinks the Federal Reserve might be messing with interest rates too much. He reckons that when the Fed plays around with rates, people start taking bigger risks with their money. Right now, he doesn't see why rates need to go much lower. In a chat with Bloomberg
The Federal Reserve is at a crossroads. Not only is it grappling with the complex task of deciding interest rates, but it's also facing a leadership change. Jerome Powell's term as chair is ending in May, and President Trump is on the hunt for a replacement. Trump has been vocal about his desire fo
In a surprising turn of events, a federal judge has put a stop to President Trump's plan to send National Guard troops to Los Angeles. The judge, Charles Breyer, said the protests in the city did not qualify as a rebellion. This means the troops must now go back under the control of California's gov
On Tuesday, U. S. stocks stayed mostly flat. Investors are waiting for the Federal Reserve's decision on interest rates, which is expected on Wednesday. The S&P 500 dipped slightly, while the Nasdaq saw a small gain. The Dow Jones took a bigger hit, dropping by 0. 4%. JPMorgan Chase was a major dra
The Federal Reserve is about to make a big decision. They're likely to lower interest rates for the third time in a row. This move is expected to bring the key interest rate down to between 3. 5% and 3. 75%. But it's not that simple. The Fed is divided. Some members want to keep cutting rates to su
A new plan is brewing that could let big tech companies like Anthropic dip into politics without anyone knowing. Here’s how it works: two big spending groups, one for Republicans and one for Democrats, will get money from a secretive nonprofit called Public First. This nonprofit doesn’t have to reve
The U. S. job market is in a bit of a funk. In October, there were about 7. 7 million job openings. That's not a huge change from September, but it's a far cry from the peak of 12. 1 million openings in March 2022. Back then, the economy was bouncing back from COVID-19 lockdowns. Layoffs are up, to
In October, the U. S. saw a slight uptick in job openings, but the hiring scene stayed pretty quiet. The Bureau of Labor Statistics reported that job openings edged up by 12, 000, reaching 7. 670 million. This was a bit higher than what economists had predicted, but don't get too excited. Hiring act
