Econ #s

A political firestorm erupted on Wall Street Wednesday as speculations surged that President Donald Trump could fire Federal Reserve Chair Jerome Powell before his term ends, reigniting fears over central bank independence. Powell's current term runs until May 2026. Legal scholars and market...

Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independence, triggering a broad flight to gold and a sell-off...

After years of underperformance and with prices stuck at levels not seen since the global financial crisis, the real estate sector is flashing signals of extreme weakness. The numbers are brutal. The Vanguard Real Estate ETF (NYSE:VNQ), a bellwether for U.S. real estate stocks, has underperformed...

A day after the Consumer Price Index reignited concerns over sticky inflation, Wednesday's Producer Price Index (PPI) offered a more benign view. Producer prices were flat in June, down from May's upwardly revised 0.3% increase and coming in below the 0.2% consensus estimate. On an annual basis,...

Leading economists react to June’s Consumer Price Index report, which showed that inflation was largely in line with expectations, while speculating on what this means for Federal Reserve policy and growing tariff-related pressures. What Happened: U.S. consumer prices rose 0.3% in June, the...

President Donald Trump's repeated calls for aggressive rate cuts collided with economic reality Tuesday, as June's rising inflation dynamics offered a win—at least temporarily—for Federal Reserve Chair Jerome Powell's cautious stance. Headline inflation in June accelerated to 2.7% year over year,...

After relatively benign inflation reports throughout 2025, the June Consumer Price Index could deliver what Wall Street least expects: the return of hotter price pressures, largely fueled by tariffs. For markets riding all-time highs, this could mean more pain than gain. Here's what to expect on...

The Treasury Department announced on Friday that the U.S. government recorded a surplus of just over $27 billion in June, a turnaround driven in large part by a significant increase in tariff revenues.  The Details:  The surplus came after a $316 billion deficit in May and brings the...

Wall Street posted fresh all-time highs this week, fueled by a relentless rally in Nvidia Corp. (NASDAQ:NVDA), which became the first company in history to surpass a $4 trillion market capitalization, igniting optimism across the tech and AI sectors. The chipmaker extended its winning streak to a...

Greece's 2010 collapse was so severe it leased islands, gutted public jobs and pensions, while some abroad even joked about selling the Acropolis to appease creditors. Fast forward 15 years, and the picture couldn't be more different. The Athens Stock Exchange has soared nearly 34% year-to-date,...

U.S. stocks may be breaking records, but a flood of investor cash is moving elsewhere—toward emerging markets, where valuations are cheaper, currencies are strengthening and years of underperformance may finally be reversing. The iShares Core MSCI Emerging Markets ETF (NYSE:IEMG) has attracted $7.4...

U.S. stocks were little changed on Tuesday as investors stayed cautious following a series of letters from the White House to major trading partners, outlining sweeping new tariffs. The real market action unfolded in commodities, with copper surging 10% after President Donald Trump announced a 50...

Wall Street may already be sitting near record highs, but Goldman Sachs believes the rally still has legs—thanks to lower yields, mega-cap momentum and the Fed's return to cutting rates, the bank now sees the S&P 500 hitting 6,900 in the next 12 months. In a new note Monday, David J. Kostin,...

Correction: The current prime minister of Japan is Shigeru Ishiba, not Fumio Kishida. The U.S. dollar is notching its strongest one-day gain against the Japanese yen in nearly two months as traders react to President Donald Trump's sweeping new tariffs targeting multiple U.S. trading partners....