U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters President Donald Trump on Wednesday angrily urged Federal Reserve Chairman Jerome Powell to cut interest rates, minutes after … Read more
This year has already packed a lot of action into stocks: an aggressively bullish start, a swift correction, and a full recovery from those April losses. But based on the the flows into the U.S. exchange-traded funds, where much of the daily trading action occurs across asset classes, the message coming through most clearly from … Read more
American Airlines new business-class suite. American Airlines DALLAS — Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. airlines are duking it out for international business-class dominance. There are even differences between seats in the same cabin. Next week, American Airlines plans to start flying its upgraded business-class “suites” that feature … Read more
Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday. The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at … Read more
Chinese President Xi Jinping (L) and U.S. President Donald Trump (R). Fabrice Coffrini | Getty Images President Donald Trump on Friday said that China has “totally violated its” preliminary trade agreement with the United States, and suggested he would take action in response. “So much for being Mr. NICE GUY!” Trump wrote in a social … Read more
United Airlines has a new friend in Queens. The airline plans to return to New York’s John F. Kennedy International Airport again, this time through a new partnership with JetBlue Airways. The partnership, called Blue Sky, will allow the airlines to sell seats on each other’s sites and let JetBlue customers earn frequent flyer miles on United and … Read more
As college graduates fully enter adulthood and begin their search for jobs and fulfilling careers, there’s another task that they should get started on: saving for retirement. Responsibilities will begin to pile up and it could be easy to push aside investing, especially living on a tight budget. But getting to work on securing long-term financial … Read more
The world of exchange-traded funds is about to face an unprecedented storm of new product launches. A fund industry that has already seen enormous growth in recent decades may soon close to double its presence in the market — and do so in just one month. That’s because of a long-anticipated change from the Securities … Read more
Chicago Federal Reserve President Austan Goolsbee said Friday that President Donald Trump’s latest tariff threats have complicated policy and likely put off changes to interest rates. In a CNBC interview, the central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be on hold as it … Read more
A pile of US pennies is seen in this photo illustration in Washington, DC, February 10, 2025. Saul Loeb | Afp | Getty Images The beleaguered U.S. penny is living on borrowed time. With the cost of making the cent coin rising and President Donald Trump looking for ways to reduce unnecessary spending, the U.S. … Read more