The S & P 500 notched its nineteenth new all-time high (for 2025) Thursday, the day before the Fed’s preferred inflationary PCE Index just matched expectations for July. This is the first big data test for Fed policy since Chairman Powell telegraphed a possible interest rate cut for the September meeting. I want to use…
A strong month for the stock market was going out on a sour note on Friday. The S & P 500 retreated from Thursday’s record high close, reversing slightly into the red for the week, which put the index on pace to end its four-week winning streak. For August, however, the S & P 500…
European stock markets fell on Thursday, as investors assessed an above-consensus quarterly earnings report from tech giant Nvidia. The U.S.-listed firm, which makes products for tech giants including Microsoft, Google, Meta and Amazon, said sales growth this quarter will remain above 50% in a sign of the continued resilience of the artificial intelligence boom. Fiscal…
One kilogram gold bars. Photographer: Brendon Thorne/Bloomberg (Bloomberg) — Gold steadied after a two-day gain as investors waited for a US inflation report that’ll shed light on the path for interest rates, while assessing continued threats to the Federal Reserve’s independence. Bullion held just below $3,400 an ounce, with traders looking ahead to Friday’s US…
European markets are heading for a higher open Wednesday as traders gear up for a quarterly earnings report from chipmaker Nvidia. The Nasdaq-listed stock has become a bellwether for the global technology sector, particularly regarding the progress of the artificial intelligence boom, as its major corporate customers include Microsoft, Google, Meta and Amazon. Its value…
President Donald Trump sent shockwaves through global markets Monday night by saying he would fire Federal Reserve Board Governor Lisa Cook. Trump’s decision not only put investors and economists on alert, but brought attention to the complicated innerworkings of the U.S. central bank. It also marks the latest escalation of Trump’s monthslong pressure campaign against…
The Board of Governors of the Federal Reserve System building in Washington D.C. on Aug. 26, 2025. Erin Doherty | CNBC The Federal Reserve was mum on Tuesday when asked whether Fed Board Governor Lisa Cook was at her office — or working remotely — a day after President Donald Trump said he had fired…
President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook has triggered a legal showdown over the central bank’s independence. But on Wall Street, at least some investors aren’t worried about institutional norms; instead, they’re excited about the prospect of cheaper money over time. “This is very positive,” Jay Hatfield, CEO of Infrastructure Capital…
European stock markets opened sharply lower on Tuesday, pulled down by French equities as traders monitored the potential for a no confidence vote in the government next month. France’s CAC 40 index plummeted more than 2% in early deals after the country’s three main opposition parties said they would not back a confidence vote called by…
Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building in Washington, DC, on June 25, 2025. Saul Loeb | AFP | Getty Images President Donald Trump on Monday…