Trump Softens Tone on Inflation After Pledging to Lower Prices
President Trump promised voters that, if elected, he would enact policies that would bring prices down on “Day 1” in ...
Tag: Banking and Financial Institutions
Goldman Sachs Ditches Big Diversity Rule As Wall Street Backs Off DEI
Wall Street has not typically been accused of doing too much for women and minority groups. The financial services industry, ...
Fed Chair Jerome Powell Shows Little Urgency to Lower Rates
Jerome H. Powell, chair of the Federal Reserve, signaled little urgency to lower interest rates with the economy sturdy and ...
36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations
The day before Linda Wetzel closed on her retirement home in Southport, N.C., in 2012 — a cozy place where ...
What Privatization of Fannie Mae and Freddie Mac Means
Fannie Mae and Freddie Mac, two giant mortgage finance firms, have been controlled by the federal government for nearly 17 ...
Sharing Bank Accounts Can Deepen a Couple’s Relationship
When Nia Darville Stokes-Hicks and Armondi Stokes-Hicks married two years ago, they set up five bank accounts.Each had an individual ...
Job Market Gives Fed Cover to Extend Interest Rate Pause
Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No ...
Trump’s Executive Orders Leave Imprint on the Fed
President Trump has so far restrained himself from trying to meddle with the Federal Reserve on matters related to monetary ...
Samuel Butler, Lawyer Who Helped Create Corporate Giants, Dies at 94
Samuel Butler, a Midwesterner who became a top figure of the Wall Street legal world, advising on transformative takeovers and ...
Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.
Two senators plan to introduce a bill on Tuesday to impose a tight cap on credit card interest rates, reviving ...
Fed Official Pushes Back on Pre-emptive Policy Moves
Federal Reserve officials wrapped up their final meeting of 2024 with splits surfacing over how many more interest rate cuts ...
Why Banks May Be Hoping You’re Not Paying Attention
The median American household has a combined balance of $10,000 in its checking and savings accounts, according to a census ...
Inflation Ticked Up in December, Fed’s Preferred Measure Shows
The Federal Reserve wants to see more evidence that inflation is easing before resuming interest rate cuts. The latest data ...
Trump Administration Fires Consumer Bureau Chief
The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired on Saturday, prematurely ending a five-year term that ...
How Fed Rates Influence Mortgages, Credit Cards, Savings and More
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered ...
Fed Meeting Live Updates: Interest Rates Remain Steady
The Federal Reserve left interest rates unchanged on Wednesday, as the central bank turned cautious on further cuts amid a ...
Elon Musk’s X Partners With Visa to Provide Financial Services
Elon Musk’s social media company, X, said on Tuesday that it was teaming up with Visa to provide financial services, ...
‘Debanking,’ and the Trump Diss Heard Around Davos
Good morning from Davos, Switzerland, on the final day of the World Economic Forum. The hottest chatter over the past ...
Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Howard Lutnick, the wealthy Wall Street executive whom President Trump has tapped to lead the Department of Commerce, detailed a ...
Japan Raises Interest Rates to Highest Level Since 2008
In a number of ways, Japan’s economy seems to have gone back in time.Inflation and wage growth are mostly back ...
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