Jay Powell

U.S. initial jobless claims unexpectedly fell last week to the lowest levels since April, signaling the labor market remains resilient despite continued rate hikes from the Federal Reserve. What Happened: Jobless claims decreased by 16,000 for the week ending Sept...

The SPDR S&P 500 ETF Trust (ARCA: SPY) has faced selling pressure for most of 2022 on continued supply-chain constraints, lingering COVID-19 lockdowns in China and rising inflation concerns. As the Federal Reserve continues to aggressively fight inflation, search data ...

The SPDR S&P 500 (ARCA:SPY) is volatile after the Federal Reserve on Wednesday raised its benchmark rate by 0.75% for the third straight time and indicated that it will continue to hike well above the current level.  What To Know: The 0.75% rate hike...

DraftKings Inc (NASDAQ: DKNG) shares closed Thursday down more than 7% at new 52-week lows. The stock fell alongside several names in the hotels, restaurants and leisure sector amid overall market weakness following U.S. Fed chair Jay Powell's hawkish rate hike...

Over the next two days, attention should shift back to one of the key forces in markets right now: Jay Powell's dilemma. Not a whole lot has changed since we last heard from the Fed chief, and therein lies the tension. U.S. manufacturing trends are showing signs of following the rest of the...

Make no mistake, today ushers in an important and mostly new phase for markets. With major market benchmarks flirting with extremes, Jay Powell’s navigation of his biggest moment yet is bound to leave some corner of the market unhappy over the coming months. Here are a few of the options:...

The SPDR Gold Shares (NYSE: GLD) and rival gold-backed exchange traded funds traded modestly higher Wednesday after Federal Reserve Jerome Powell said interest rates are close to “neutral.” Three interest rate hikes this year and the subsequently stronger dollar are among the most...

President Donald Trump said Wednesday the Federal Reserve is "going loco and there's no reason for them to do it." On Thursday, White House National Economic Council Director Larry Kudlow emphasized the Fed's independence and said Trump is not dictating any of its policies from...

The strength in the American economy predates the 2016 presidential election and has been becoming "progressively better" since 2009, Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett told CNBC's Becky Quick in an interview. Granted, the recovery in the...

President Donald Trump has made up his mind that the next chair of the Federal Reserve will be former investment banker Jerome "Jay" Powell. He will succeed current Fed Chair Janet Yellen early next year. Here’s everything you need to know. Track Record Powell has been a member of...

President Donald Trump has reportedly narrowed his decision for Federal Reserve chair down to three people: current chair Janet Yellen, Stanford University economist John Taylor or former investment banker Jay Powell. The Washington Post reported three Washington insiders have said Powell and...