Latest in Bessent: Powell can serve out remainder of term as Fed chair
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Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Powell ‘not concerned’ over risks Trump will stifle Fed independence
US central bank chief says his institution has ‘broad support’ on Capitol HillFinancial Times - Dec. 4 -
Fed Chair Jerome Powell Says Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.The New York Times - Dec. 4 -
Trump plans to nominate Paul Atkins as SEC chair in crypto-friendly move
President-elect Donald Trump plans to nominate financier Paul Atkins to head the Securities and Exchange Commission.CNBC - Dec. 4 -
Powell calls for ‘change’ in ‘unsustainable’ fiscal path
Federal Reserve Chair Jerome Powell warned Wednesday that the U.S. is on an “unsustainable” fiscal path and called for a course correction days after the national debt topped $36 trillion for the ...The Hill - Dec. 4 -
Crypto advocate Paul Atkins picked as SEC chair by Donald Trump
President-elect also names Gail Slater to run the antitrust unit at the justice departmentFinancial Times - Dec. 4 -
Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference
The appearances comes two weeks ahead of when the central bank will announce is decision on interest rates.CNBC - Dec. 4 -
Why a long-term CD is better than these 3 alternatives now
A long-term CD could be more beneficial than some popular alternatives in today's unique rate climate. Here's why.CBS News - Dec. 4 -
Trump nominates Paul Atkins as SEC chair
President-elect Trump has nominated former Securities and Exchange Commissioner (SEC) Paul Atkins to replace outgoing chair Gary Gensler when he departs on Inauguration Day. “Paul is a proven ...The Hill - Dec. 4 -
Trump asks Whatley to return as RNC chair
President-elect Trump said Wednesday that he asked Michael Whatley to stay on for another term as chairman of the Republican National Committee (RNC) following the party's successful 2024 election ...The Hill - Dec. 4 -
Powell scores 30 and Harden has 23 as the Clippers beat the Trail Blazers 127-105
Norman Powell scored 30 points, James Harden had 23 and the Los Angeles Clippers beat the Portland Trail Blazers 127-105 on Tuesday nightABC News - Dec. 4 -
Democrats are checked out after their drubbing — here’s how they can reengage
Democrats were once masters of the populist message. If they want to rebuild after last month’s electoral disaster, they’ll need to reconnect with that part of their political psyche — fast.The Hill - Dec. 4 -
Center-left think tank president backing Wikler as next DNC chair
Third Way, a center-left think tank, backed Wisconsin Democratic Party Chair Ben Wikler in the upcoming Democratic National Committee (DNC) leadership race. “At Third Way, we represent the ...The Hill - Dec. 4 -
Why gold will likely beat stocks over the near term
Stocks and gold have produced nearly identical returns so far this year.MarketWatch - Dec. 4 -
Ukraine ceasefire terms come into focus as Trump returns
Potential paths to a ceasefire in Ukraine are coming into focus as President-elect Trump approaches Inauguration Day, with Ukrainian President Volodymyr Zelensky signaling his concessions to end ...The Hill - Dec. 4 -
Trump's children won't have White House roles in his second term
As President-elect Donald Trump assembles a senior staff and Cabinet for his second administration, there are notable absences: his children.NBC News - Dec. 4 -
Salesforce earnings may serve as latest shot in the arm for software stocks
Salesforce’s stock rises after a revenue beat that could signal healthy spending trends in the industry.MarketWatch - Dec. 4 -
Fed commentary, Foot Locker, ADP jobs data: What to Watch
Federal Reserve Chair Jerome Powell will be releasing a fresh round of commentary alongside St. Louis Fed President Alberto Musalem and Richmond Fed President Tom Barkin. The central bank is set to ...Yahoo Sports - Dec. 3 -
Black Republicans feel left out of Trump’s 2nd-term picks
As President-elect Donald Trump fills out his Cabinet and closest advisers, African American Republicans ask why more Black people haven’t been selected.ABC News - Dec. 3 -
DNC chair candidate: Democrats must be willing to 'recenter' agenda
Ken Martin, chair of the Minnesota Democratic-Farm-Labor Party (DFL) and a candidate for the Democratic National Committee (DNC) chair, argued the party must be willing to “recenter” its agenda ...The Hill - Dec. 3 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
DNC chair minimizes November losses, argues Democrats have ‘robust’ foundation
Democratic National Committee (DNC) Chair Jaime Harrison minimized his party’s losses up and down the ballot in November and argued Democrats have a “robust” foundation to build on, going into ...The Hill - Dec. 3 -
Will a short-term or long-term CD be better for 2025?
Both offer unique benefits, but only one is arguably better heading into 2025. Here's what savers should know now.CBS News - Dec. 3 -
Dana Dimel dies at 62: Ex-Houston, UTEP coach served as offensive assistant for Illinois in 2024 season
Dimel also served multiple stints as an assistant coach under the legendary Bill Snyder at Kansas StateCBS Sports - Dec. 3 -
Can we keep the Elon Musks of the world out of British politics? Only if we act now | Oliver Bullough
The tech billionaire is said to be considering giving $100m to Reform UK. That should jolt efforts to cap political donations. It is an inevitable consequence of the inequality inherent to the ...The Guardian - Dec. 3 -
Trump FCC chair pick talks how to 'smash the censorship cartel'
Carr's pick is teeing the FCC up for a likely clash with Big Tech and media companies he has accused of “censoring” conservative views.The Hill - Dec. 3 -
5 Australians serving life sentences for drugs in Indonesia could soon return home
The remaining five Australians from the Bali Nine group who are serving life sentences for drug smuggling in Indonesia could be repatriated home this month as Indonesia and Australia put finishing ...ABC News - Dec. 3 -
BlackRock launches active short-term money market ETF
Manager claims to be first to offer strategy in a Ucits-regulated ETF in EuropeFinancial Times - Dec. 3 -
Field grows in Democratic National Committee chair race
The field in the race to lead the Democratic National Committee is growing. Wisconsin Democratic Party Chair Ben Wikler and former Maryland Senate candidate Robert Houton jumped in on Sunday. CBS ...CBS News - Dec. 2 -
California legislators return for special session to prepare for new Trump term
California state legislators returned to the state capitol Monday to kick off a special session. Gov. Gavin Newsom called the session in November to prepare for the incoming Trump administration. ...CBS News - Dec. 2 -
Kids worked overnight shifts at pork processing plant, feds find
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux Falls, Iowa.CBS News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2 -
Should you open a long-term CD this December?
Long-term CD accounts have been beneficial for savers in recent years. But are they still worth opening this month?CBS News - Dec. 2 -
Under Powell, the Fed Makes Monetary Policy Boring Again
The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.Inc. - Dec. 2 -
Life term for boy who shot mum dead through door
A teenager gets a life term for murdering Lianne Gordon, who he shot in the head through her front door.BBC News - Dec. 2