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Trump Urges Treasury Secretary Bessent To Take Federal Reserve Job

Trump Urges Treasury Secretary Bessent To Take Federal Reserve Job

For the second time in two days, President Donald Trump said Wednesday that he would like to appoint Treasury Secretary Scott Bessent to chair the Federal Reserve.

Daniel Carter

Trump Urges Treasury Secretary Bessent to Take Federal Reserve Job

Trump Urges Treasury Secretary Bessent to Take Federal Reserve Job

Bessent is heading up the Trump administration's search for a new Fed chair. Yet despite his protestations, he is also widely seen as a leading potential replacement for Powell.

Manuel

Fed Minutes: Most Officials Supported More Rate Cuts but not Necessarily in December

Fed Minutes: Most Officials Supported More Rate Cuts but not Necessarily in December

Rate cuts by the Fed, over time, typically lower borrowing costs for mortgages, car loans, and credit cards.

Manuel

Bond Market Wagers on Fed Rate Cut Crumble on Jobs Data Void

Bond Market Wagers on Fed Rate Cut Crumble on Jobs Data Void

US Treasury yields edged higher, with rates on two-year notes — which closely reflect changes in monetary-policy expectations — rising about two basis points to 3.59%.

Manuel

BLS Cancels October Jobs Report, Pushes Back November Jobs Report Release Date

BLS Cancels October Jobs Report, Pushes Back November Jobs Report Release Date

The monthly "Employment Situation" jobs reports are crucial and widely watched data releases that give the market an overview of the health of the labor market throughout the US.

Manuel

Russia's Putin Calls for National AI Task Force

Russia's Putin Calls for National AI Task Force

Putin said the task force should focus on developing data centres across the country and ensuring nearby energy sources such as small-scale nuclear power stations.

Manuel

Nvidia to Report High-Stakes Q3 Earnings Amid Investor Concerns of AI Overbuilding

Nvidia to Report High-Stakes Q3 Earnings Amid Investor Concerns of AI Overbuilding

Nvidia's stock rose as much as 3% Wednesday in the lead-up to earnings, but shares have lost around 10% since its latest all-time high amid a broader market slide.

Manuel

US Proposals To End Russia's War Involve Ukraine Giving Up Land, Some Weapons, Sources Say

US Proposals To End Russia's War Involve Ukraine Giving Up Land, Some Weapons, Sources Say

The U.S. has signalled to President Volodymyr Zelenskiy that Ukraine must accept a U.S.-drafted framework to end the war with Russia that proposes Kyiv giving up territory and some weapons, two people familiar with the matter said on Wednesday.

Justin

JPMorgan Trading Desk Says Buy The Dip In Stocks

JPMorgan Trading Desk Says Buy The Dip In Stocks

The longest slide in US stocks since August has created an opportunity for dip buyers, according to JPMorgan Chase & Co.'s trading desk.

Devin

Hassett Says Tariff Rebate Check Proposal Should Be On The Table

Hassett Says Tariff Rebate Check Proposal Should Be On The Table

Kevin Hassett, one of President Donald Trump's finalists to become Federal Reserve chair, said there's space for Congress to look at enacting tariff rebate checks next year.

James Whitman

Trump Migrant Crackdown Spurs New Wrongful Deportation Claims

Trump Migrant Crackdown Spurs New Wrongful Deportation Claims

President Donald Trump's administration continues to face claims that US officials are wrongfully deporting migrants in violation of court orders and other legal protections amid his ramped up immigration enforcement.

Justin

Goal To Triple Nuclear Power Needs US And Europe To Match China

Goal To Triple Nuclear Power Needs US And Europe To Match China

A global pledge to triple nuclear power capacity by 2050 has drawn support from two more nations, meaning 33 countries now back efforts to expand the world's fleet of atomic plants.

Samantha Luan

Gold Surges Toward 2026 Breakout As Fed Uncertainty, Nvidia Earnings Stir Market Fears

Gold Surges Toward 2026 Breakout As Fed Uncertainty, Nvidia Earnings Stir Market Fears

Central banks keep buying, rate-cut hopes fade, and all eyes now shift to Nvidia's earnings and delayed US jobs data.

Justin

US Trade Deficit Narrowed In August As Imports Declined

US Trade Deficit Narrowed In August As Imports Declined

The US trade deficit shrank in August as imports declined by the most in four months, official data showed Wednesday after a lengthy delay due to a government shutdown.

James Whitman

Yen Extends Losses As Japan Floats Tweak to 2013 BoJ Framework

Yen Extends Losses As Japan Floats Tweak to 2013 BoJ Framework

Yen’s selloff accelerated again today despite repeated warnings from top Japanese officials that they are monitoring FX markets with a “strong sense of urgency.” The latest remarks came after Finance Minister Satsuki Katayama met BoJ Governor Kazuo Ueda and Economic Revitalisation Minister Minoru Kiuchi, where all sides reaffirmed their...

Michelle

Sharp Disagreements Over Economy Threaten Federal Reserve Interest Rate Cut

Sharp Disagreements Over Economy Threaten Federal Reserve Interest Rate Cut

Federal Reserve officials are deeply divided over whether persistent inflation or weakening hiring poses the greater threat to the economy, turning what once looked like a near-certain December rate cut into a 50–50 call and raising the likelihood of unusually high dissent at the upcoming policy meeting.

Warren Takunda

Japan-China tensions trigger Nikkei 225 sell-off as tourism stocks plunge

Japan-China tensions trigger Nikkei 225 sell-off as tourism stocks plunge

Japan–China tensions sparked a sharp Nikkei sell-off, hammering tourism and retail stocks as the yen weakened. With Japan’s economy already fragile, prolonged strains risk hitting tourism, trade flows and market stability.

Adam

US Trade Deficit Narrows Sharply in August As Imports Fall

US Trade Deficit Narrows Sharply in August As Imports Fall

The U.S. trade deficit narrowed more than expected in August as imports declined, but trade could still subtract from economic growth in the third quarter.

Glendon

Vietnam Police Open Criminal Probe Of 2nd Germany-Based Activist

Vietnam Police Open Criminal Probe Of 2nd Germany-Based Activist

Vietnam police issued an arrest warrant for a well-known lawyer and activist based in Germany for alleged anti-state activities, the second government critic in that country to be targeted this week on the same charges.

Winkelmann

China-led central bank gold buying spree could stress global markets - SocGen

China-led central bank gold buying spree could stress global markets - SocGen

SocGen warns that heavy central-bank gold buying—driven largely by China—could strain the physical market and trigger a short squeeze. Opaque reserves data and rising geopolitical uncertainty amplify risks of tighter global gold supply.

Adam

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