Powell Affirms September

Affirm beats on top and bottom lines

Affirm beats on earnings and revenue in fiscal first quarter.

Business - CNBC - 21 hours ago

Post-Affirmative Action, Is Sustained Campus Diversity Suspicious?

There are perfectly legal explanations for why schools’ demographics might not change after the fall of affirmative action.

Top stories - The New York Times - October 16

Powell dismisses Trump firing talk

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Powell says he wouldn’t step down if Trump asked Federal Reserve Chair Jerome ...

Politics - The Hill - 21 hours ago

Pope urged at LGBTQ meeting to reverse church ban on gender-affirming care

Pope Francis faced calls to overturn the Catholic Church’s ban on gender-affirming care for transgender people when he held talks with LGBTQ activists at the Vatican.

Harris says gender-affirming care decisions should be left to doctors and patients

Vice President Harris on Tuesday said decisions on gender-affirming care should be left to doctors and their patients in an interview with NBC News. The vice president said “we should follow the ...

Politics - The Hill - October 22

‘Buy now, pay later’ group Affirm launches in the UK

Move comes as British government looks to bring the popular borrowing method under FCA rules

Business - Financial Times - 4 days ago

Trump is not expected to try to fire Fed Chair Powell

Federal Reserve watchers don’t think that President-elect Donald Trump will seek to remove Fed Chair Jerome Powell from his post before the central bank chief’s term ends in mid-2026.

Business - MarketWatch - Yesterday

Jerome Powell Dismisses Idea of Trump Firing Him

Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.

Top stories - The New York Times - 22 hours ago

Jonathan Powell picked as UK national security adviser

Former chief of staff under Tony Blair will have key role in developing British relationship with Donald Trump

Business - Financial Times - 2 hours ago

Starmer picks Blair aide Powell as security adviser

Jonathan Powell will replace Sir Tim Barrow, who has held the role since September 2022.

Pound falls as UK inflation declines more than expected to 1.7%

First reading below Bank of England’s target in 3 years opens door to more rate cuts this year

Business - Financial Times - October 16

New-home construction dips in September, as builders await rate cuts

Construction on new U.S. homes fell 0.5% in September, the Commerce Department said Friday.

Business - MarketWatch - October 18

Paxton accuses Texas doctor of providing gender-affirming care in violation of state law

Texas Attorney General Ken Paxton (R) on Thursday sued a doctor in Dallas, accusing her of providing gender-affirming care to nearly two dozen minors in violation of the state’s law. Paxton ...

Politics - The Hill - October 17

Texas attorney general sues second doctor under state's gender-affirming care ban

Texas Attorney General Ken Paxton (R) filed a lawsuit Wednesday accusing a second doctor of violating a state law banning gender-affirming care for transgender minors. The lawsuit, filed in a ...

Politics - The Hill - October 30

Affirm sees booming buy-now-pay-later growth, but stock dips after earnings

The company is seeing more of its business shift toward interest-bearing products.

Business - MarketWatch - 19 hours ago

Surprise fall in inflation to 1.7% paves way for interest rate cuts

September's figure comes two weeks ahead of the Budget and will be used to decide how much benefits will rise in April.

Retail sales post solid gain in September, showing a continued strong economy

Retail sales increased 0.4% in September, with strength in a broad range of categories that overcame weak gas and auto spending, the U.S. Commerce Department said Wednesday.

Business - MarketWatch - October 17

UK public borrowing exceeds official forecast in September

Data comes as chancellor Rachel Reeves prepares to raise taxes in next week’s Budget

Business - Financial Times - October 22

UK borrowing rises ahead of Budget

Official data shows borrowing - the difference between spending and tax take - reached £16.6bn last month.

European Union’s car market slumps further in September

New car registrations dropped by 6.1% in September driven by lower sales in Europe’s top three markets, France, Italy and Germany

Business - MarketWatch - October 22

September Border Patrol encounters lowest since the pandemic

Fewer migrants were apprehended between ports of entry at the southern border in September than in any month since August of 2020, according to new data released by Customs and Border Protection ...

Politics - The Hill - October 22

Inflation Cooled Further in September, PCE Index Shows

Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.

Business - The New York Times - October 31

The start of a new round of gilt market carnage?

Parsing 101 words from the OBR

Business - Financial Times - October 31

Jane Street interns make more than Keir Starmer and Jay Powell

More Money Than God 2.0

Business - Financial Times - October 15

Why Powell and Yellen May Have Pulled Off the Impossible With the Economy

Nobody thought they could tame inflation without a recession, but the Fed chair and Treasury secretary seem to have managed a macroeconomic marvel.

Business - Inc. - October 17

National Latino group endorses Florida's Debbie Mucarsel-Powell for Senate

Democratic Florida Senate nominee Debbie Mucarsel-Powell has been endorsed by the country’s oldest Latino civil rights organization, a group that until 2024 had refused to endorse candidates. ...

Politics - The Hill - October 24

Jeff Bezos, Jay Powell, Serena Williams and More Will Speak at the DealBook Summit

The conference on Dec. 4 will bring together the biggest names in business, politics and culture.

Business - The New York Times - October 29

Harris and Trump command the market’s attention — but Jerome Powell may steal the spotlight

Investors are anxious about the possibility that it could take days, or even weeks, for the results of this week’s presidential and congressional races to be known. But Tuesday’s vote is hardly the ...

Business - MarketWatch - 5 days ago

What Trump’s Win Means for the Federal Reserve and Jerome Powell

Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?

Business - The New York Times - Yesterday

Powell: Fed won't 'speculate' about Trump's impact on economy

The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...

Politics - The Hill - Yesterday

Powell says he won't resign for Trump, can't be fired

Federal Reserve Chair Jerome Powell had a clear, direct response when asked during a press conference Thursday if he would step down if asked to do so by President-elect Trump. “No,” said Powell, ...

Politics - The Hill - 23 hours ago

Fed cuts interest rates as Powell says he will not resign as chair

US central bank lowers target range by a quarter point to 4.5%-4.75%

World - Financial Times - 21 hours ago

Fed Chair Powell: Election will have 'no effects' on policy decisions

Federal Reserve Chair Jerome Powell said the presidential election will have “no effects” on policy decisions. The fed cut key interest rates a quarter point.

Powell, Fed Chair, Will Likely Face Heavy Pressure From Trump

The chair of the Federal Reserve made clear he would not resign, even under pressure. But pressure from the White House is likely, market watchers say.

Business - The New York Times - 7 hours ago

Powell and the Fed won't be able to avoid talking about Trump forever

The Fed chair dodged question after question at his news conference Thursday about his thoughts on President-elect Donald Trump.

Business - CNBC - 1 hour ago

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