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  • Apr 21, 2025

Trump renews attacks on Federal Reserve Chair Powell, accelerating US market slide

President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy. Trump called Powell “a major loser” and said that energy and grocery prices are “substantially lower” and “there is virtually No Inflation.” Trump's comments drove the stock market and the dollar lower as investors in the U.S. and overseas grow increasingly wary about the economic standing of the U.S. On Friday, a top White House adviser said the administration is studying whether it can fire Powell, a move that would undermine the Fed's independence and likely send shock waves through global financial markets.

  • Apr 21, 2025

World Economic Forum founder Klaus Schwab retires as chairman

Klaus Schwab, the founder of the World Economic Forum, best known for hosting an annual meeting of political, business and other elites in the Swiss Alpine town of Davos, is retiring as chairman more than a half-century after creating the Geneva-based think tank, the forum said Monday. The forum quoted Schwab, 87, in a statement as saying he was stepping down “with immediate effect." A search committee has been set up to choose a permanent successor.

  • Apr 21, 2025

Bitcoin Rallies as Trump’s Push Against Powell Weakens Dollar

(Bloomberg) -- Bitcoin rallied to its highest level since Donald Trump’s tariff announcements in early April as the dollar slumped amid renewed fears over the US president’s efforts to remove Federal Reserve Chairman Jerome Powell. Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampTrump Gives New York ‘One Last Chance’ to End Congestion FeeThe Racial Wealth Gap Is Not Just About MoneyNashville’s

  • Apr 21, 2025

Trump warns of economic slowdown unless Fed cuts rates, triggering selloff

(Reuters) -The U.S. economy could slow unless interest rates are lowered immediately, President Donald Trump said on Monday, repeating his criticism of Federal Reserve Chair Jerome Powell, who says rates should not be lowered until it is clearer Trump's tariff plans won't lead to a persistent surge in inflation. "With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW," Trump said in a post on Truth Social. The comments, and the administration's seemingly intensifying pressure on a Fed chair Trump has stated he would like to see gone, sent stock markets lower and bond yields higher as investors and analysts mulled the fallout should Trump ignite a fight over the Fed's monetary policy independence and try to remove Powell before the end of his term a little over a year from now.

  • Apr 21, 2025

2 Reasons to Sell BDC and 1 Stock to Buy Instead

What a brutal six months it’s been for Belden. The stock has dropped 20.9% and now trades at $93.30, rattling many shareholders. This might have investors contemplating their next move.

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