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Bessent Says Powell Will Leave FED Board in May 2026: In a comprehensive interview, US Trade Secretary Bessent addressed key economic and trade issues—from the Federal Reserve’s inflation outlook and speculation around Chair Jerome Powell’s future to Nvidia’s resumed GPU exports to China. He explained how export control policies were used as leverage in ongoing …
US Inflation continues to ease, but the Federal Reserve holds off on rate cuts. Former Fed Governor Randy Kroszner explains why services inflation, tariffs, and cautious Fed policy are shaping the interest rate outlook for 2025. US Inflation Falls for Fifth Straight Month to 2.7% In a conversation with Media that brought clarity to the …
Wells Fargo delivered a strong financial performance in the second quarter of 2025, posting a net income of $5.5 billion and earnings per share (EPS) of $1.60, marking a 12% year-over-year increase. Total revenue reached $20.82 billion, driven by growth in both net interest and noninterest income. The results reflect the positive impact of the …
JPMorgan Chase reported a strong Q2 2025 with $15 billion net income despite a 10% revenue decline. Solid growth in investment banking, markets, asset management, and card services fueled performance, while the bank maintained a robust 15% CET1 ratio and returned $11 billion to shareholders. JPMorgan Chase Q2 2025 Results JPMorgan Chase & Co., the …
Flash Flood Emergency in New York And New Jersey:A powerful storm system triggered devastating flash floods across New York and New Jersey, bringing major cities to a standstill. In Queens, drivers were seen pushing their cars through floodwaters on the Cross Island Parkway, while streets in Scarsdale became hazardous zones due to dangerous hydroplaning. The …
Impact of Falling Dollar:In 2025, the US dollar is witnessing its worst start to a year since 1973, raising concerns among global investors and policymakers. As President Trump intensifies tariff rhetoric and economic predictability fades, global reserve managers are beginning to diversify away from the dollar. This shift could lead to rising global interest rates, …
Attorney General Pam Bondi is at the center of a major political controversy as the Trump administration faces backlash over the handling of the Jeffrey Epstein investigation. A recently released memo from the DOJ and FBI ruled out major conspiracy theories surrounding Epstein’s death and his alleged client list, sparking anger among Trump supporters who …
Trump’s budget chief slams Fed Chair Powell for mismanaging central bank funds and misleading Congress over costly headquarters renovation, escalating tensions over interest rate policies. Trump Administration Targets Powell Over $2.5 Billion Fed Renovation In a fresh escalation of tensions between the Trump administration and the U.S. Federal Reserve, President Donald Trump’s top officials have …
During a high-stakes ASEAN summit, U.S. Secretary of State Marco Rubio confirmed that President Trump has been formally invited to visit China and is likely to accept. Rubio defended America’s sweeping global tariff policy, stating it targets unsustainable trade deficits. He also announced major agreements on civil nuclear cooperation with Malaysia, new U.S. defense sales …
U.S. President Donald Trump has imposed a 50% tariff on all imported copper, effective August 1, 2025, citing national security as the key reason. Copper is critical for semiconductors, defense systems, aircraft, ammunition, batteries, and hypersonic weapons. The U.S. currently imports nearly half of its copper needs, with major suppliers including Chile, Canada, Mexico, and …