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  Author: Admin

Economy

Hassett says Fed independence is ‘really important’ and chair candidates shouldn’t be disqualified for being Trump’s friend

December 16, 20250

National Economic Council Director Kevin Hassett, one of the finalists for the Federal Reserve chair job, showed support Tuesday for central bank...

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Earnings

Oracle plummets 11% on weak revenue, pushing down AI stocks like Nvidia and CoreWeave

December 16, 20250

Oracle shares sank 11% in extended trading on Wednesday after the database software maker reported lower quarterly revenue than expected despite ...

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Business

Consumers are feeling gloomy about the economy. Here’s why they’re spending anyway

December 16, 20250

Shoppers carry Macy's bags outside of Macy's flagship store on Black Friday in New York, US, on Friday, Nov. 28, 2025. Adam Gray | Bloomberg | Ge...

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Finance

Hassett’s Fed chair candidacy received pushback from high-level people close to Trump, sources say

December 15, 20250

Kevin Hassett's candidacy for the Federal Reserve chair, once seen by the market as almost a sure thing, has received some pushback by high-level...

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Economy

Bessent to propose major overhaul of regulatory body created from financial crisis

December 15, 20250

Treasury Secretary Scott Bessent on Thursday proposed a major change in how the government approaches financial regulation and stability.In a let...

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Earnings

Broadcom beats on earnings and revenue, says AI chip sales will double in current quarter

December 15, 20250

A Broadcom sign is pictured as the company prepares to launch new optical chip tech to fend off Nvidia in San Jose, California, U.S., September 5...

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Business

Ford to record $19.5 billion in special charges related to EV pullback

December 15, 20250

DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback ...

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Finance

Hassett Fed chair odds fall, Warsh chances surge on Kalshi after Trump comments

December 14, 20250

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF he...

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Economy

U.S. has to stop taking in ‘below-average’ immigrants who won’t help economy, says Lutnick

December 14, 20250

Commerce Secretary Howard Lutnick said Thursday that the U.S. should focus on bringing in immigrants that help grow the economy as the White Hous...

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Earnings

Costco’s quarterly beat isn’t enough to knock out the bears — here’s what could

December 14, 20250

Costco reported better-than-expected quarterly results on Thursday, driven by higher net sales, membership fee income, and gross margins. However...

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