Tag: fed

  • Trump threatens to fire Fed chair Powell if he doesn’t leave in May | Trump threatens to fire Jay…

    Trump threatens to fire Fed chair Powell if he doesn’t leave in May | Trump threatens to fire Jay…

    Explore the latest developments concerning Trump threatens to.

    Trump threatens to fire Fed chair Powell if he doesn't leave in May

    US President Donald Trump has threatened to fire Federal Reserve Chair Jerome Powell if he does not step aside at the end of his term in May.

    The two have been embroiled in a bitter spat over Powell's reluctance to cut the central bank's interest rate, despite Trump's repeated calls.

    Powell's term expires on 15 May, but he is planning to remain in post until his successor, Kevin Warsh, is confirmed by the Senate.

    "Then I'll have to fire him," Trump told Fox Business, when asked about Powell's plans to stay on in the job.

    "I've held back firing him. I've wanted to fire him, but I hate to be controversial," Trump said.

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  • Stocks rise ahead of Fed minutes as Nvidia shares gain: Live updates | Stock market today: Dow, S…

    Stocks rise ahead of Fed minutes as Nvidia shares gain: Live updates | Stock market today: Dow, S…

    Explore the latest developments concerning Stocks rise ahead.

    Stocks rise ahead of Fed minutes as Nvidia shares gain: Live updates

    Stocks moved higher on Wednesday, supported by gains in key technology stocks, as traders awaited the release of the minutes from the Federal Reserve's most recent policy meeting.

    The S&P 500 climbed 0.9%, while the Nasdaq Composite added 1.4%. The Dow Jones Industrial Average rose 272 points, or 0.6%.

    Nvidia shares advanced more than 2% on the heels of Meta announcing Tuesday that it's going to use millions of Nvidia's chips in its data center buildout.

    Additionally, fellow "Magnificent Seven" member Amazon moved higher by 2% after regulatory filings showed Bill Ackman's Pershing Square grew its stake in the e-commerce giant by 65% during the fourth quarter. That makes Amazon the fund's third-largest holding. The move comes after the stock snapped a nine-day losing streak.

    Stock market today: Dow, S&P 500, Nasdaq futures rise as AI worries recede, with Fed minutes ahead

    Gains for US stocks picked up pace on Wednesday in a sign that AI fears are waning, as investors waited for Federal Reserve minutes to give insight into interest-rate cuts.

    The S&P 500 (^GSPC) added 0.5%, while the tech-heavy Nasdaq Composite (^IXIC) picked up 0.8%. The Dow Jones Industrial Average (^DJI), which is less exposed to tech, moved up 0.4% after the major US gauges closed Tuesday with modest gains.

    Technology stocks are recovering composure after a turbulent stretch that saw software names in particular take a bruising. But while the pressure is easing, investors are still weighing the long-term impact of AI on business models and corporate competition, and whether AI investments will pay off.

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  • Sydney Sweeney’s boyfriend is fed up | What it’s really like dating bombshell Sydney Sweeney …

    Sydney Sweeney’s boyfriend is fed up | What it’s really like dating bombshell Sydney Sweeney …

    Explore the latest developments concerning Sydney Sweeney’s boyfriend.

    What it’s really like dating bombshell Sydney Sweeney

    Insider dishes the truth about Sydney's new boyfriend and his mindset

    IT CAN’T be easy dating red-hot Sydney Sweeney – just ask her new boyfriend Scooter Braun.

    Everyone wants a piece of Sydney right now, and The Sun has bombshell insider knowledge that reveals the truth about the couple’s struggles as countless men compete for her attention.

    A-list fame comes with complications – particularly for Scooter, 44, who sources say is struggling to adjust and gets nervous when 28-year-old Sydney takes “me time”.

    Premier League footballers have also been “constantly” sliding into her DMs, with some tracking down her private number, sources say.

    Scooter Braun frustrated by athletes constantly sliding into Sydney Sweeney's DMs: report

    Professional athletes are reportedly sliding into Sydney Sweeney’s DMs and it has frustrated her boyfriend, Scooter Braun.

    Insiders claim Braun, 44, feels the “constantly” sent messages are “incredibly disrespectful,” even though the “Christy” actress, 28, allegedly ignores them and blocks the sender, per the Sun.

    There’s apparently trouble in paradise for the pair as insiders noted several other issues within their relationship.

    The sources also claimed that Braun was left feeling “furious and disrespected” last November after Sweeney met with her ex-fiancé Jonathan Davino in Los Angeles.

    The insider added that “old school” Braun has also taken issue with Sweeney’s need for me-time.

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