This story incorporates reporting from ABC, Bloomberg L.P. and The Mountaineer.The Federal Reserve is anticipated to sustain its current interest rates, putting it potentially at odds with President Donald Trump,
Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.
Bitcoin extended its biggest jump in more than a week following the Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon crypto regulation.
President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates.
Americans downgraded their expectations for benefits from the federal government after Donald Trump won the presidency, according to a new survey by the Federal Reserve Bank of New York.
President Donald Trump said he plans to fill the US’s strategic oil reserve “right to the top” after it reached lows not seen since the 1980s under President Joe Biden.
The Bloomberg Dollar Spot Index has climbed about 5% since the election on the potential for tariffs and inflationary policies under Trump, as well as doubt on future Federal Reserve interest-rate cuts this year. Long dollar bets have been matched by a ...
Gold pared losses after President Donald Trump reiterated his tariff threats and urged lower interest rates as he addressed world leaders gathered in Davos on Thursday.
US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. Right ahead of the closing bell,
The rand and oil prices are trading much higher than in December, leading to the under-recovery. South African motorists have already had a tough start to the year, with a 19 cents per litre hike in petrol prices at the beginning of January. This, combined with the incoming hike for February, is likely to put upward pressure on inflation.
While investors fret about what the arrival of DeepSeek means for their all-in bet on American artificial intelligence dominance, they’re ignoring even bigger questions.
Gold rose to a record high as investors flocked to safety after US President Donald Trump reiterated threats to impose tariffs on Mexico and Canada.