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Jason MaFortune |
"But the truth is a lot of ultra wealthy people borrow money against their assets and live off of that borrowed money."
Powell actually wears two hats: He is chair of the Fed’s Board of Governors and chair of the Federal Open Market Committee.
"There are further indications that the ongoing protests are challenging the ability and willingness of Iranian security forces to crack down on the...
He said in a statement Sunday that the Justice Department served the Fed with grand jury subpoenas, threatening a criminal indictment.
"If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal...
The $7 monthly payments offer little relief to beleaguered Iranians who are suffering from food inflation of 64%.
Trade-exposed industries suffered steep losses last year. The manufacturing sector, for example, has hemorrhaged 70,000 jobs since April.
Despite being a Harvard alum himself, he recognized that superior talent can come from outside elite schools.
"The significant increase in hyperscaler issuance raises questions about who will be the marginal buyer of IG paper."
The federal government faces another shutdown deadline on Jan. 30.
S&P Global estimated copper demand will jump 50% from current levels to 42 million metric tons by 2040 while supply will shrink in the coming years.
On Friday, Trump warned that if Iran kills peaceful protesters, "the United States of America will come to their rescue. We are locked and loaded and...
"The physical global oil market situation remains the same. Oil prices have declined due to an oversupplied global oil market."
"Maduro looks like a man who was on Xmas break and wearing his Nike Tech Fleece for a third straight day."
"Rodríguez cannot guarantee the stability required for the business operations Trump emphasized several times during his remarks on the operation."
"What we're not going to allow is for the oil industry in Venezuela to be controlled by adversaries of the United States."
"The risk with Venezuela is that it could be a hostile environment as well, and that could put U.S. forces in great danger."
"We have tremendous energy in that country. It's very important that we protect it. We need that for ourselves."
"We're not afraid of boots on the ground. We're not afraid of it. We're we don't mind saying it, and we're gonna make sure that that country is run...
"So removing Maduro did not necessarily change the fundamental equation of control."
By September, the number of hours in Spain with negative prices had already topped 500 for the year to date, more than double the full-year total for...
"There's too much fascination with the Fed," Moynihan said.
"We believe supports are coming together that will arrest this labor market slowdown and revive activity growth later next year."
"It's already extremely good. We're going to see it having the capabilities to replace many, many jobs."
"One market correction, nationalization event, or prohibition of divestiture (not at all uncommon during wartime) and I am screwed for life."
Unpaid wages nearly tripled in October from a year ago to more than $27 million.
The proposal calls for California residents worth more than $1 billion to pay a one-time tax equivalent to 5% of their assets.
Hedge funds have doubled their presence in the Treasury market in the last four years.
So far this year, silver has spiked 169%, platinum has shot up 172%, and palladium has soared 124%.
Given Powell's commitment to Fed independence, there were doubts that he would leave the board when his replacement as chair comes in.
Magnifica Air expects to begin service in 2027, with plans for six to seven daily departures, connecting to Miami, New York, Los Angeles, the San...
"Yes, it is a mess, and that's why I think the Supreme Court wouldn't do it."
"So I believe we're going to get bipartisan support in holding her accountable, and a committee of Congress should determine whether these redactions...
"We are doing everything we're supposed to be doing to comply with this statute," Deputy Attorney General Todd Blanche.
Capital Economics expects the Fed to cut rates by just 25 basis points next year as the AI boom keeps economic growth robust.
"It could be that they that we're only getting about 10% of what the DOJ has. And of that 10%, 5% of that has already been released and the other 5%...
"This photo, file 468, from the Epstein files that includes Donald Trump has apparently now been removed from the DOJ release."
“Simply releasing a mountain of blacked out pages violates the spirit of transparency and the letter of the law,” Senate Minority Leader Chuck...
The Justice Department’s extensive redactions to the Jeffrey Epstein files on Friday don’t comply with the law that Congress passed last month...
"No results found. Please try a different search," the site says.
"For inference, the latest hardware helps but is often not essential, so chip quantity can substitute for cutting-edge quality."
Warsh now has a 47% probability, up from 39% on Sunday, according to Kalshi. Hassett has fallen to 41%, down from 51% on Sunday and 81% on Dec. 3.
"It's not a dramatic improvement, but it's the start of the new era."
"I cannot tell you how that’s going to equate to the voter, all I can do is do my job.”
"His opinion matters if it's good, if it's based on data," Hassett said.
Nearly half the bankers surveyed see forced sales or liquidations of farm assets owned by financially distressed farmers rising in the next three to...
"And somehow he sort of mostly manages to pull off what appears to be impossible."
"But as I said, this one has more legs in the sense that there are more things that are happening that throw doubt on how fast or how profitable all...
"If I'm reading this properly, they just Trump-proofed the Fed."
"I think that's extraordinarily powerful news for us to recognize that this isn't just left-leaning buyers," Rivian CEO RJ Scaringe.