POWELL
The best player in the WNBA now has her own shoe. It took a long time.
A'ja Wilson, a dominant force in the WNBA, has finally received her signature shoe from Nike, a milestone delayed despite her numerous achievements and the league's growing popularity. This makes her the first Black WNBA player since 2011 to have this honor.
This is massive: Donald Trump calls Fed chair Jerome Powell a 'Fool' after rate cut decision, faces backlash
Donald Trump calls Jerome Powell a fool after the Federal Reserve decided to keep interest rates unchanged, sparking huge backlash. Trump, now President again, slammed Fed Chair Powell on Truth Social, claiming inflation is no longer a threat. He blamed Powell for stalling economic growth and ignoring real-time data like falling gas and grocery prices. Powell defended the move, saying inflation risks remain, especially with Trump’s recent tariffs. This heated clash puts the Fed’s independence in question and could affect future rate decisions, the 2026 economy, and voter sentiment. Here's what you need to know about this explosive standoff.
Trade game begins, first moves on board
The People's Bank of China cut interest rates amidst trade negotiations with the US, signaling a focus on growth targets despite uncertain impact on demand. Meanwhile, the US Federal Reserve held rates due to tariff-induced inflation concerns. With China facing a slowdown and the US grappling with inflation, both nations may eventually need fiscal measures to facilitate a trade settlement.
Bitcoin set to break records and shatter the $100K barrier
Bitcoin is nearing the $100,000 milestone, buoyed by the Federal Reserve's decision to hold steady interest rates, signaling economic confidence. This move, coupled with potential trade deal announcements, has fueled market optimism. Bitcoin ETFs are seeing record inflows, solidifying its status as a mainstream investment, while other cryptocurrencies also experience gains.
Fed hits pause button on interest rates. What it means for stock market investors
Adding context, Akshay Chinchalkar, Head of Research at Axis Securities, aptly captured the Federal Reserve’s current challenge: in its first policy meeting since President Trump introduced sweeping tariffs, the Fed held interest rates steady — a move widely anticipated by markets.
- Go To Page 1
Fed's Powell says he never seeks to meet with any president
Federal Reserve Chair Jerome Powell clarified that he has never requested meetings with U.S. presidents, stating any such interactions occurred at the president's initiative.
Dollar on front foot after Fed signals no rush to cut rates
The U.S. dollar remained stable against the euro on Thursday. This followed a rise the previous day. The Federal Reserve cautioned about economic risks. These risks included inflation and unemployment. Investors are watching for progress in U.S.-China trade talks. A meeting in Switzerland is planned. The Bank of England is expected to announce a rate cut.
Trump says 145pc tariffs on China are here to stay for now
President Trump announced that the 145% tariffs on Chinese imports will remain in place as US and Chinese officials prepare for trade talks in Switzerland. He refuted claims that the US initiated the talks and stated the US is no longer facing massive trade losses. Federal Reserve Chair Jerome Powell noted the trade talks' potential impact on the US economy.
Asian stocks start cautiously after Fed holds rate
A regional gauge fell 0.4% and equity-index futures for the US were flat in early Asian trading. Chipmakers led the charge in the US session as Bloomberg News reported that the Trump administration planned to rescind Biden-era curbs for AI-related exports. The Nasdaq Golden Dragon China Index dropped the most in almost three weeks Wednesday.
US Federal Reserve holds rates steady amid tariff-induced uncertainty
The US Federal Reserve concluded its May 2025 policy meeting by maintaining the key interest rates unchanged, citing persistent economic uncertainty stemming from recent tariff escalations and mixed economic indicators.
US Federal Reserve likely to hold rates steady as pressures mount
The Federal Reserve is expected to keep interest rates unchanged, citing high uncertainty due to trade policies. Despite concerns over tariffs, recent data shows stable inflation and employment. Markets anticipate future rate cuts. Fed Chair Powell may face questions on trade, inflation, and President Trump’s criticisms during the press conference.
Gold price forecast today: with gold holding at $3,380, could Fed signals and US-China trade talks ignite a breakout toward $3,434 or even $3,500?
Gold is holding near $3,380 as markets watch for major updates from the Federal Reserve and US-China trade talks. With investors pausing after a two-day rally, all eyes are now on whether today's Fed meeting or trade headlines will move the needle on prices. The market expects interest rates to stay steady, but any hint from Jerome Powell could shake things up. Meanwhile, trade tensions are easing—but risks remain. Gold bulls are eyeing a breakout toward $3,434 if momentum returns.
India prepared to 'retaliate resolutely' if Pakistan provokes, NSA Ajit Doval tells global counterparts after Operation Sindoor
National Security Advisor Ajit Doval informed his counterparts in the US, UK, Saudi Arabia, Japan, Russia, and France about India's targeted strikes on terror infrastructure within Pakistan and Pakistan-occupied Jammu and Kashmir. Doval emphasized that India seeks no escalation of tensions. However, he affirmed India's readiness to respond decisively if Pakistan initiates further hostile actions, ensuring regional stability.
Japan's Nikkei snaps 7-day winning streak as US tariff worries weigh
Nikkei witnessed a slight dip, ending a seven-session winning streak. Pharma stocks fell after Donald Trump's tariff announcement. Automakers also declined due to a stronger yen. Sony shares dropped following news of levy on foreign films. Trade talk hopes between US and China offered some optimism. Investors await Jerome Powell's remarks on interest rates.
Gold Rate Today: Gold dip to Rs 96,900/10g amid US-China trade talk hopes; Fed policy in focus
Gold prices declined due to optimism surrounding potential US-China trade discussions. This reduced the demand for safe-haven assets. Investors are closely monitoring the US Federal Reserve's policy decision. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet. They will explore possible resolutions to trade tensions. The market's focus is on the Federal Open Market Committee meeting.
Can bond yields spoil the market party going ahead? Ben Powell answers
BlackRock's Ben Powell suggests rising US 10-year Treasury yields, driven by persistent US inflation and trade tensions, could dampen economic optimism. This limits the Federal Reserve's ability to cut rates, while investors demand higher compensation for long-term investment risk. Despite potential demand contraction, companies are investing in AI to boost productivity amid global uncertainty.
Who could be the next Federal Reserve chairman if Jerome Powell is sacked by Donald Trump? Here are some names making the rounds
Donald Trump's attacks on the Federal Reserve fuel speculation about Jerome Powell's successor. Kevin Warsh, a former Fed governor, and Chris Waller, a current Fed official, are potential candidates. Warsh criticizes the Fed's current direction. Waller emphasizes the importance of central bank independence. Both acknowledge the scrutiny the Fed chair faces. The next chair's commitment to nonpolitical policy is crucial.
Why is India emerging as a strong market amid global economic changes? BlackRock's Ben Powell explains
BlackRock Investment Institute's Ben Powell highlights India's strengthening market position due to strategic geopolitical advantages and potential benefits from declining oil prices. Despite anticipating a US economic contraction, they remain overweight on US equities, driven by the powerful AI mega-force boosting large companies. Powell emphasizes the need for selective investment in a fractured world, favoring both the US and India.
European shares edge lower as investors await tariff updates
In a TV interview aired on Sunday, Trump said he would not attempt to remove Fed Chair Jerome Powell but repeated calls for lower interest rates and called the Chair a "stiff".
US President Donald Trump claims credit for 'good parts' of economy, blames Biden for rest
Donald Trump attributed the US economy's positive aspects to his policies, while blaming Joe Biden for the negative ones. He acknowledged responsibility but highlighted his short tenure. Despite economic concerns, Trump anticipates a significant boom, particularly regarding trade with China, where he foresees eventual tariff reductions. He also suggested the Federal Reserve should lower interest rates.
Federal Reserve likely to defy Trump, keep rates unchanged this week
The Federal Reserve is expected to maintain current interest rates. This decision comes amid pressure from Donald Trump and scrutiny over inflation. Trump claims there is no inflation, but data suggests otherwise. Tariffs add complexity to the Fed's decision-making. Some economists predict rate cuts later in the year. Elon Musk has also criticized the Fed's spending.
US Federal Reserve likely to defy President Trump, keep rates unchanged this week
Despite pressure from President Trump to cut interest rates, the Federal Reserve is expected to hold steady, influenced by concerns over inflation and the potential impact of tariffs. Fed officials are wary after past misjudgments on inflation, preferring to wait for more economic data. The Fed's independence is under scrutiny, with criticism over spending and calls for a strategic reset.
Trump says won't remove Fed chair Powell before term ends in 2026
President Trump stated he would not remove Federal Reserve Chair Jerome Powell before his term ends in 2026, despite calling him "a total stiff" and urging lower interest rates. Trump acknowledged Powell isn't a fan but anticipates eventual rate cuts.
Donald Trump's blunt 8-word message to Fed Chair Jerome Powell after jobs shocker: 'Lower rates or else'
Donald Trump has again pressured Federal Reserve Chairman Jerome Powell. This followed the release of positive US jobs growth data. Trump believes the Fed should lower interest rates. Strong jobs numbers have fueled speculation about potential Fed rate cuts. However, the Fed paused cuts in 2025 due to inflation risks. Consumer confidence has dropped significantly this year.
Trump admin again pokes the Federal Reserve, Scott Bessent says it's time for Jerome Powell to cut rates
The Trump administration is pressuring the Federal Reserve to lower interest rates. Treasury Secretary Scott Bessent cites bond market signals as justification. President Trump has repeatedly criticized Fed Chair Jerome Powell. The Fed's next policy meeting is scheduled for May 7. Markets predict a possible rate cut no sooner than June.
Load More
