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War fears drove Wall Street lower as US and Iran exchanged attacks despite a ceasefire
Business News

War fears drove Wall Street lower as US and Iran exchanged attacks despite a ceasefire

The New York Stock Exchange fell and oil prices rose on Wednesday after the United States and Iran exchanged attacks despite a ceasefire.
More Americans are hungry now than during the pandemic
World News

More Americans are hungry now than during the pandemic

More Americans are suffering from hunger than during the coronavirus pandemic, the Federal Reserve Bank of New York finds in a study.
US core inflation rises slightly to 3.3 percent in April
Business News

US core inflation rises slightly to 3.3 percent in April

Core inflation in the U. S
White House: Kevin Warsh to be sworn in as Fed chief on Friday
Business News

White House: Kevin Warsh to be sworn in as Fed chief on Friday

President Donald Trump will swear in Kevin Warsh as the new head of the U. S
Swedish krona worst performer among G10 currencies so far this year
Business News

Swedish krona worst performer among G10 currencies so far this year

The Swedish krona faces headwinds after last year's gains and is now the worst performer so far this year among all so-called G10 currencies - the ten most traded and liquid currencies in the world.
Kevin Warsh becomes new Fed chief after Senate confirmation
Business News

Kevin Warsh becomes new Fed chief after Senate confirmation

Kevin Warsh will be the new head of the US Federal Reserve after the Senate gave him the green light on Wednesday.
New Fed chief not seen as threatening Fed independence
Business News

New Fed chief not seen as threatening Fed independence

The US Federal Reserve (Fed) appears to have parried the Trump administration's attempts to influence monetary policy and threats of interest rate cuts for the time being. The Fed's independence is not under acute threat, according to SEB's US economist Elisabeth Kopelman
Inflation and oil prices pressure Wall Street
Business News

Inflation and oil prices pressure Wall Street

High inflation figures, rising oil prices and profit-taking are some of the explanations for the gloomy mood on the New York Stock Exchange on Tuesday.
Interest rate cut increasingly distant in the US
Business News

Interest rate cut increasingly distant in the US

Stubborn inflationary pressures and now strong job figures seem to be reducing the chance that Kevin Warsh - the new head of the Federal Reserve (Fed) - can lower the key interest rate in the United States. That raises the risk of a clash with President Donald Trump
Fed officials warn of possible rate hikes
Business News

Fed officials warn of possible rate hikes

Two senior US Federal Reserve officials are warning of possible interest-rate increases as a result of the protracted war involving Iran.
Disagreement as US policy rate left unchanged
Business News

Disagreement as US policy rate left unchanged

The US Federal Reserve (Fed) is leaving the US benchmark interest rate unchanged in the range of 3. 50-3
New Fed chief Kevin Warsh gets green light from Senate Banking Committee
Business News

New Fed chief Kevin Warsh gets green light from Senate Banking Committee

Kevin Warsh has been approved by the Senate's powerful Banking Committee as the new head of the U. S
Nordea does not expect interest rate hikes this year
Business News

Nordea does not expect interest rate hikes this year

The Swedish Central Bank is expected to leave the key interest rate unchanged until next year, despite the energy price shock and uncertainty surrounding the war in Iran, according to a mortgage-rate forecast by Nordea chief economist Annika Winsth. "However, it is wise to be humble and take into account both higher inflation and interest rates," she adds
Senator Thom Tillis lifts hold on Trump's Fed nominee Kevin Warsh
Business News

Senator Thom Tillis lifts hold on Trump's Fed nominee Kevin Warsh

Senator Thom Tillis has lifted his hold on Kevin Warsh, who has been nominated by President Donald Trump to be the next head of the U. S
Justice Department drops criminal investigation into Fed Chairman Powell
Business NewsTop News

Justice Department drops criminal investigation into Fed Chairman Powell

The US Department of Justice is dropping the criminal investigation into Fed Chairman Jerome Powell - which could pave the way for his intended successor, Kevin Warsh.
Trump's proposed Fed chief Kevin Warsh grilled over independence in Senate Banking Committee hearing
Business News

Trump's proposed Fed chief Kevin Warsh grilled over independence in Senate Banking Committee hearing

Kevin Warsh, Donald Trump's nominee to be the new head of the Federal Reserve (the Fed), was grilled by Democrats during a Senate Banking Committee hearing about his independence from the president.
Kevin Warsh: Fed should be independent
Business News

Kevin Warsh: Fed should be independent

Kevin Warsh, who has been nominated as the new chairman of the US Federal Reserve (the Fed), says the central bank must be largely independent of political control, CNBC reports.
Anthropic's new AI model Mythos raises cyber risk concerns in the financial sector
Business News

Anthropic's new AI model Mythos raises cyber risk concerns in the financial sector

Anthropic's new AI model is so powerful that the company does not dare release it to the market yet. In the US, the Treasury Secretary and the Federal Reserve Chairman have called an urgent meeting to address cyber risks
Gold price plummets to lowest level since December
Business News

Gold price plummets to lowest level since December

The price of gold plummeted 7 percent to just under $4,200 per ounce, the lowest level since December.
Fed leaves US interest rates unchanged - war in Iran looms
Business News

Fed leaves US interest rates unchanged - war in Iran looms

The Federal Reserve (Fed) is leaving US interest rates unchanged in the 3. 50–3
Oil prices and Fed forecast send Wall Street reeling
Business News

Oil prices and Fed forecast send Wall Street reeling

U. S
Trump to Fed chief Powell: When will interest rates be cut?
Business News

Trump to Fed chief Powell: When will interest rates be cut?

The U. S
Stockholm stock market falls after oil prices rise
Business News

Stockholm stock market falls after oil prices rise

The Stockholm Stock Exchange ended lower after being in the red before lunch. The broad OMXS index fell 0
Federal judge dismisses prosecutors' subpoenas in Jerome Powell investigation
Business News

Federal judge dismisses prosecutors' subpoenas in Jerome Powell investigation

A federal judge in the United States has completely dismissed prosecutors' subpoenas issued in a criminal investigation into outgoing Federal Reserve (Fed) Chairman Jerome Powell.
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