As Powell vs Trump battle ensues, US stock market hits new lows

As Powell vs Trump battle ensues, US stock market hits new lows

The American financial markets plunged into chaos Monday as investors reacted to escalating tensions between President Donald Trump and Federal Reserve Chair Jerome Powell, combined with ongoing uncertainty over global trade policies. The Dow Jones Industrial Average nosedived over 1,200 points (3.1%), marking its steepest single-day drop in months. The S&P 500 and Nasdaq Composite…

Read More
Dow poised to build on record as US futures rise ahead of Fed

Dow leads losses as stock rally hits pause, bitcoin pulls back from record above $100,000

Bitcoin (BTC-USD) eclipsed $100,000 per coin for the first time ever on Wednesday night, sparking a rally across the cryptocurrency. The latest move higher in bitcoin came after President-elect Donald Trump picked Paul Atkins to chair the Securities and Exchange Commission. Atkins has been seen as a crypto-friendly pick for the position. Bitcoin, the world’s…

Read More