Economy

President Donald Trump on Tuesday continued his barrage of criticism against the Federal Reserve but seemed to take a step back from any lingering plans to fire Chair Jerome Powell. “I think he’s done a bad job, but he’s going to be out pretty soon anyway,” Trump told reporters during a White House exchange. “Eight […]

Mustafa Suleyman, CEO of Microsoft AI, speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. David Ryder | Bloomberg | Getty Images Microsoft has hired around two dozen employees from Alphabet’s Google DeepMind artificial intelligence research lab in recent months, a person familiar […]

Published Tue, Jul 22 2025 12:21 PM EDT Updated 4 Hours Ago […]

U.S. Speaker of the House Rep. Mike Johnson (R-LA) speaks as (L-R) House Majority Whip Rep. Tom Emmer (R-MN) and House Majority Leader Rep. Steve Scalise (R-LA) listen during a news conference at the U.S. Capitol on July 22, 2025 in Washington, DC. Alex Wong | Getty Images The House of Representatives will begin its […]

Ghislaine Maxwell on September 20, 2013 in New York City. Laura Cavanaugh | Getty Images A top Department of Justice official said Tuesday that he intends to meet soon with Ghislaine Maxwellthe British socialite serving a 20-year prison term for her role in Jeffrey Epstein’s sex trafficking enterprise, to ask her “what do you know” […]

Skynesher | E+ | Getty Images Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a briefly red-hot refinance market. That caused total mortgage application volume to fall 1.3% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. […]

Andrew Forrest, chairman of Fortescue Metals Group Ltd., during the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, US, on Thursday, Nov. 16, 2023. Bloomberg | Bloomberg | Getty Images Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescuesays it is time for the world to walk away from the “proven […]

The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images U.K. financial regulators hit British digital lender Starling Bank with a £29 million ($38.5 million) fine over failings related to its financial crime prevention systems. In a statement on Wednesday, London’s Financial Conduct Authority said it had fined Starling “for […]

View of Victoria Harbour in Hong Kong SAR of China Jackyenjoyphotography | Moment | Getty Images SINGAPORE — Hong Kong’s Hang Seng index was up over 6% on Wednesday, hitting a 22-month high for a sixth day of gains amid further optimism about Beijing’s latest stimulus policies. The index closed up 6.2%, ending at 21,133.68 […]

Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | Getty Images Great news for Club stocks Wells Fargo and Morgan Stanley : The rebound […]