Tag: economy
Wall Street parties like it's 1998 as AI fuels gains unmatched since dot-com era
NEW YORK -- The S&P 500 is on track to close 2024 with a gain of nearly 27%, after setting 50 record highs...
Powell: Fed's independence from politics is vital to its interest rate decisions
WASHINGTON -- Chair Jerome Powell said Wednesday that the Federal Reserve's ability to set interest rates free of political interference is necessary for...
Trump nominates cryptocurrency advocate Paul Atkins as SEC chair
WASHINGTON -- President-elect Donald Trump announced Wednesday that he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.Trump...
The ruble's in a slump. For the Kremlin, that's a two-edged sword
Russia's ruble is sagging against other currencies, complicating the Kremlin's efforts to keep consumer inflation under control with one hand even as it...
Avocados, tequila and other iconic Mexican products are jeopardized by Trump's tariff threats
URUAPAN, Mexico -- Mexicans are worried that threats by Donald Trump to impose 25% tariffs could affect a wide range of iconic Mexican...
Trump's tariffs in his first term did little to alter the economy, but this time could be different
WASHINGTON -- Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the...