Silver drops 30%, gold tumbles 10% as Trump Warsh pick eases Fed independence fear, triggers dollar rally
Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens. ...
Category: Economy
Partial government shutdown on track for Saturday after Senate vote on funding deal stalled
The deal would address concerns Democrats have had about funding the Department of Homeland Security because of enforcement actions in…
Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
President Trump named Kevin Warsh to succeed Jerome Powell as Fed chair, ending an odyssey that has seen unprecedented turmoil…
Microsoft stock drops 7% on slowing cloud growth, light margin guidance
Microsoft’s finances look more favorable after OpenAI completed a restructuring. But computing capacity and talent are cutting into Microsoft's margin.…
Why Nvidia’s AI boom couldn’t happen without Dutch chip equipment maker ASML
ASML is the only company in the world that makes extreme ultraviolet lithography machines, which are crucial for manufacturing advanced…
China and the UK are attempting to reset their relationship — here’s how
U.K. Prime Minister Sir Keir Starmer said he hopes to build "more sophisticated" ties with China as the two nations…
Dollar suffers worst one-day slide since last April after Trump says currency hasn’t fallen too low
The dollar dropped about 1.3% on Tuesday. ...
Homebuyers are backing out of deals at the fastest pace in nearly a decade
More than 16% of signed contracts on homes in December were canceled, as consumers face continued uncertainty in the economy…
The Fed releases its latest interest rate decision Wednesday. Here’s what to expect
This week's meeting offers little suspense and probably not much action, even as massive changes loom over the Fed's longer-term…