
Fed prepares for another rate cut amid growing pressure from Trump
The market is pricing in a quarter-point cut as the debate intensifies over Jerome Powell’s successor at an institution that is more divided than ever

The market is pricing in a quarter-point cut as the debate intensifies over Jerome Powell’s successor at an institution that is more divided than ever

Binance founder Changpeng Zhao made an appearance following his pardon by Donald Trump, and defended bitcoin over tokenized gold in a heated exchange with skeptic Peter Schiff

The impact of Trump’s policies, particularly in trade, loomed over a news conference where Chairman Jerome Powell used terms that he had been avoiding in recent times

Technology, banking, and oil companies are the biggest beneficiaries of Trump’s policies, in contrast to renewable energy and labor-intensive companies

The surge of investment banking fees and capital gains compensated for the lower margin of traditional business and the increase in costs

After growing up in poverty he became a millionaire as a highly successful trader at Citibank, then quit at 26, feeling exhausted. These days Stevenson is an activist trying to stop the global economic system from collapsing due to rising inequality

The profit of the six main entities falls 3% in the first quarter despite the improvement in the investment banking business

JPMorgan, Bank of America, Wells Fargo, Citi and Goldman Sachs earn 20% more in the third quarter of the year

The effort seeks to stop the California-based bank from becoming the third bank to fail in less than a week. Shares of First Republic had fallen sharply this week, dropping 60% on Monday alone

The electric car company has lost more than 70% of its value on the stock market and analysts doubt that it can maintain its market share in the long term