It was a tale of two markets last week: Industrials surged while financial and tech names buckled under the growing weight of artificial intelligence fears. A mixed bag of economic data complicated matters further. Although the S & P 500 bounced slightly Friday following an inflation print that bolstered the future case for lower interest … Read more
President Donald Trump speaks to the media as he walks to board Marine One prior to departure from the South Lawn of the White House in Washington, Feb. 13, 2026. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump’s iron grip on the Republican Party might be starting to loosen, just a bit. The … Read more
The Senate should move to advance Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chairman, even as a federal criminal investigation into current chair Jerome Powell continues, Treasury Secretary Scott Bessent said Friday. Bessent, in an interview on CNBC’s “Squawk Box,” said he believes after speaking this week to Republicans on the Senate Banking … Read more
Sen. Thom Tillis, R-N.C., on Thursday rejected a proposal aimed at ending the Department of Justice’s controversial criminal probe into Federal Reserve Chair Jerome Powell and clearing a path for his successor, Kevin Warsh, to be confirmed. The proposed off-ramp, which has been floated by at least one Republican lawmaker this week, would see the … Read more
Evidence is piling up of a weakening labor market that could dampen an otherwise sanguine U.S. economic outlook this year while also paving the way for more interest rate cuts. This week saw a raft of jobs-related data — none of it good: Private hiring was nearly flat in January, according to ADP , which … Read more
Sen. Elizabeth Warren (L), and Treasury Secretary Scott Bessent during a Senate Banking Committee hearing on Feb. 5th, 2026. Getty Images | Reuters Treasury Secretary Scott Bessent on Thursday refused to rule out the possibility of a criminal investigation of Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chair, if Warsh ends up refusing to … Read more
Senator Tim Scott, a Republican from South Carolina and chairman of Senate Banking, Housing, and Urban Affairs Committee, during a confirmation hearing in Washington, DC, US, on Thursday, Oct. 30, 2025. Eric Lee | Bloomberg | Getty Images Sen. Tim Scott, R-S.C., said Wednesday he does not think Federal Reserve Chairman Jerome Powell committed any … Read more
Sen. Thom Tillis on Wednesday recommitted to his blockade of Kevin Warsh’s nomination to lead the Federal Reserve until the Department of Justice ends its investigation into Fed Chair Jerome Powell. Tillis, R-N.C., said in an interview on CNBC’s “Squawk Box” that he’s “willing to let it play out for the remainder of this Congress, … Read more
Senator Elizabeth Warren, a Democrat from Massachusetts, during a Senate Armed Services Committee confirmation hearing in Washington, DC, US, on Thursday, Jan. 15, 2026. Aaron Schwartz | Bloomberg | Getty Images Democrats on the Senate Banking Committee demanded that Chair Tim Scott delay the nomination of Kevin Warsh to lead the Federal Reserve until a … Read more
One kilogram and a five hundred gram gold bars next to one kilogram silver bars at The Vaults Group gold dealers arranged in Barcelona, Spain, on Monday, April 28, 2025. Bloomberg | Bloomberg | Getty Images Gold and silver prices rebounded on Tuesday after suffering a historic sell-off, with analysts suggesting that the recent corrections … Read more