Author: Leslie Stewart

On August 6, 2025, U.S. Treasury Secretary Scott Bescent, located at the White House Oval Office in Washington, DC.Bonnie Cash | Bloomberg | Getty ImagesThe search for the next Federal Reserve Chairman continues, showing that Treasury Secretary Scott Bescent has met several candidates on President Donald Trump’s shortlist.Recently, Bescent met with former Fed officials Lawrence Lindsay, Kevin Warsh and James Bullard. Lindsay and Worsh both served as governors, and Bullard was president of the federal government of St. Louis.Bessent will wait until the blackout period surrounding the federal government’s open market committee meeting ends next weekend.The goal is to add…

A woman will be shopping at a supermarket in Arlington, Virginia on April 30, 2025.SHA HANTING |Chinese News Service |Getty ImagesFrom clothing to auto parts to electronics, tariffs make everyday items higher when the labour market is becoming increasingly vulnerable.The major Labor Statistics Bureau’s inflation report released Thursday showed price increases for various tariff-sensitive items.Apparel prices rose 0.5%, similar to video and audio products. Auto parts rose 0.6%, new cars rose 0.3%, and energy rose 0.7%. Grocery accelerated its largest monthly move since August 2022 by 0.6%. Furniture and bedding hits of 0.3%, up 4.7% from a year ago, while…

Consumers moved payments for a variety of goods and services higher than expected in August, but the unemployed will accelerate and provide a challenging economic signal to the Federal Reserve ahead of next week’s meeting.The Consumer Price Index recorded a seasonally adjusted 0.4% increase, the biggest profit since January, with annual inflation rates of 2.9%, up 0.2 percentage points from the previous month, increasing its highest reading since January. Economists surveyed by Dow Jones were looking for measurements of 0.3% and 2.9%, respectively.For the key core readings that exclude food and energy, the gain in August was 0.3%, bringing the…

The European Central Bank stabilized interest rates on Thursday as economic uncertainty continued in the wake of US Donald Trump’s aggressive tariff agenda.Prior to the decision, the market had a price of about 99% of the time, with a 2% chance of ECB’s major deposit facility fees remaining. The central bank was last cut in June, falling further from last year’s record 4%.”Inflation is currently a mid-term 2% target, and the Governance Council’s assessment of inflation outlook has remained largely unchanged,” the ECB said in a statement.The central bank has added that it has not prior committed to specific interest…

Opinion: Jamie Elkaleh, Chief Marketing Officer at Bitget WalletStablecoins started as a workaround for crypto traders. By pegging tokens to US dollars, they created liquidity in unclosed markets. But in just a few years, they have gone beyond that role. The result was an on-chain financial class where coins on the dollar page set price, collateral standards and risk appeals.The danger lies here. Without the growth of original reliable and well-regulated alternatives in the euro, yen and offshore, the US dollar’s domination will be trapped in the Crypto foundations for many years. When that happens, liquidity tracks US fees and…

An open letter from a group called Palestinian film workers had collected over 4,000 signatures as of Wednesday. Hollywood stars and filmmakers have pledged to not cooperate with Israeli film institutions involved in genocide and apartheid against Palestinians. “As filmmakers, actors, film industry workers and institutions, we recognize the power of film to shape perception,” the pledge, released online earlier this week. “In this moment of emergency, crisis where many of our governments are making the Gaza massacre possible, we must do everything we can to deal with that unrelenting and horrifying accomplice.”The list of signers includes filmmakers Jonathan Glazer,…

France has already seen the prime minister voted by lawmakers, successors established, and nationwide protests this week. Investor attention changes to closely watched gauges of the country’s economic situation. A series of credit rating updates assess the risks associated with investing in a country’s debt. The downgrade could have a series knock-on effect on French borrowing costs, as measured by government bond yields, economists warn. Of the Big Three-rated agencies, Fitch will be updated on Friday, followed by Moody’s on October 24th, followed by Standard and Poor’s (S&P) on November 28th. These already have a solid focus on French debt…

US President Donald Trump and European Commission President Ursula von der Leyen announced the US-EU trade agreement and shake hands after a meeting at the Trump Turnberry Golf Club in Turnberry, Scotland on July 27, 2025.Andrew Harnik | Getty Images News | Getty ImagesUS President Donald Trump has reportedly called on the European Union to slap up to 100% tariffs on China and India for Russia’s oil purchases.Trump made the proposal that it was first reported by the Financial Times and confirmed to CNBC by two sources familiar with the issue. The US was also prepared to “reflect” the tariffs…

IE 11 is not supported. Visit a different browser site for the best experience.Harry Jackson on Kirk’s death: “Stunning for many people on the political spectrum.”02:07I’m playing nowLooking back on Charlie Kirk’s career as a political activist01:56nextHogan Guidley calls Charlie Kirk “Flatout Evil”06:48Trump announces the death of Charlie Kirk after Utah fires00:47Witness: “I saw the shot, after hearing it, it just fell to the ground.”06:07Multiple injuries in Colorado School shooting00:46Video shows Kirk’s shooting, crowds are dispersed at the Utah event00:24At the moment he captured the video, Charlie Kirk was filmed at an event in Utah02:00Charlie Kirk was taken into custody…

Customers are looking at clothing on display at the Costco branch in Niantic, Connecticut on April 18, 2025. Robert Nickelsberg | Getty ImagesThe Producer Price Index, a measure of costs at the wholesale level in the US economy, recorded an unexpected 0.1% decline in August. What should you know about this:For the third time this year, PPIs showed total deflation in what is generally considered a measure of pipeline price pressure. Wall Street economists were looking for a 0.3% increase. The core PPI, which removes food and energy, also fell by 0.1%, while the core negative trade services actually rose…