Vivek Ramaswamy, a DOGE leader with Elon Musk, argued the Consumer Financial Protection Bureau is "un-American" after it limited overdraft fees.
But with inflation pressures still elevated and with concern that President-elect Donald Trump's policies could fuel inflation, the Fed indicated Wednesday that it's likely to cut rates more gradually in 2025 than it had projected three months ago. The policymakers now envision two rate cuts next year, not the four they predicted back in September.
The number of people filing for unemployment benefits for the first time dropped 1,000 last week from the period before, but those who made continuing claims reached a three-year high.
The U.S. dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation.
That new car you’re considering—or even your next grocery run—could soon cost more. Here's how you can prepare.
On December 26, the Sensex and Nifty 50 closed flat, influenced by mixed performances of major stocks. Global cues remained lacklustre amid holiday trading, with investors closely watching the US Federal Reserve's interest rate decisions and Trump's tariff policies.
STAT '3 to Watch' series looks at biotech industry issues in 2025: Trump administration uncertainties, pharma deals in China, next-gen obesity medications.
The man accused of lying in wait in an apparent attempt to kill President-elect Donald Trump this year in Florida has a trial date now pushed for later next year, according multiple reports.
Trump's plans for tariffs could undermine stocks and halt the bull market. His prior tariffs had a negative effect on equities, an analysis shows.
Wall Street analysts forecast continued market growth in 2025 following Trump's election victory but with some caveats.
Research from the Federal Reserve Bank of New York finds an ominous correlation between the performance of stocks and the implementation of tariffs during Trump's first term.
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?