Fed Governor Kevin Warsh talks down Wall Street as stocks end lower
A week of subdued stock market sentiment ended on a more pessimistic note on Wall Street. Federal Reserve Governor Kevin Warsh talked down stock prices.
Business
Fed chief Warsh signals inflation concern, markets raise odds of September rate hike
The new US Federal Reserve Chairman Kevin Warsh says in his first major speech that inflation is too high and that measures may be necessary. The market's reaction is a sharply increased belief in a hike in the key interest rate in September.
Business
Thousands demonstrate in freezing Minnesota as about 100 priests arrested at airport
About 100 priests have been arrested after demonstrating against immigration enforcement at Minnesota's largest airport. Thousands braved the bitter cold to protest ICE's enforcement in the state.
WorldTop news
Bush's running mate Dick Cheney is dead
Former US Secretary of Defense and Vice President Dick Cheney has died, several media outlets report. Cheney was very influential, one of the most powerful vice presidents in modern times, says Jan Hallenberg, associate senior researcher at the Swedish Institute for International Affairs.
World
Billionaire Timothy Mellon Donates to Pay US Military Salaries
An anonymous donation of just over 1.2 billion kronor is to help Donald Trump pay the military's salaries, despite the federal government being shut down. According to sources for the NY Times, the sum comes from the secretive billionaire Timothy Mellon.
World
Coal Auction Failures in US Highlight Market Challenges
President Donald Trump is betting on favoring fossil fuels in general and coal in particular. But the market is not playing along. A large auction in Wyoming was canceled this week, after a similar sale in Montana only attracted one, unrealistically low, bid.
Business
Powell's Speech Spurs Record Gains on Wall Street
The Central Bank chief Jerome Powell lit the starting rocket – and Wall Street ended the week with a record and substantial gains on renewed hope of an interest rate cut.
Business
Powell Signals Potential Interest Rate Cut Amid Economic Uncertainty
USA's central bank chief Jerome Powell opens the door ajar for an interest rate cut in his speech at the central bank meeting in Jackson Hole in Wyoming. The conditions may justify that we adjust our stance, he says.
Business- BusinessStockholm Stock Exchange Rises 1.7% Following Global Market Trends
- TV & film"The Last of Us" Set for Third and Possibly Fourth Season
- WorldCat disappeared on trip – turned up 150 miles away
- BusinessHappy Miners on the Tokyo Stock Exchange
- BusinessFed Approaches an Interest Rate Cut
- EntertainmentAward-winning Gospel Family Dies in Fatal Plane Crash