ECONOMY & MARKETS

Fed Chairman Jerson Powell said the key lending rate will remain between 4.25 and 4.50 percent.

After three interest rate cuts in a row, the US Federal Reserve is expected to take a breather on Wednesday and signal it will remain on pause until the data changes, despite pressure to cut from President Donald Trump.

Nvidia's stock was showing signs of recovery on Tuesday after a significant selloff triggered by DeepSeek's AI model launch.

Consumers in the United States are less optimistic about the future according to a report released on Tuesday.

Transportation equipment drove the decrease as a strike at Boeing delayed plane deliveries.

Spanish unemployment fell last year to its lowest level since the 2008 global financial crisis as the tourism-driven service sector performed strongly, official data showed on Tuesday.

Nvidia, which has become one of the largest-valued companies due to its AI chips, dropped 16.9%, nearly $600 billion -- the largest single-day drop in U.S. history.

The app has soared to the top of the Apple downloads, leading to concerns over the U.S. artificial intelligence market.

698,000 new home sales were reported in December, a rise of 3.6% over November.

The Federal Reserve is meeting this week and will make an announcement about any new rate cut on Wednesday afternoon.

Nvidia was among the chip companies that saw huge losses in overnight trading over concerns about the small Chinese company's artificial intelligence model.

President Trump claims that conservatives are not allowed to do business with some banks.

Higher interest rates that increase borrowing costs appear to be creating a growing financial strain on consumers.

"We're talking about a tariff of 10% on China based on the fact that they're sending fentanyl to Mexico and Canada," Trump said.

The hottest housing market of 2025 has strong job growth and a limited housing supply.

President Donald Trump's cryptocurrency, $TRUMP, has surged in market value since its Friday launch while raising ethical concerns.

The Solana-based meme coin project, Magaverse, has donated $1,000,000 to organizations approved by president Donald Trump.

Retail and food services sales for December 2024 continued to grow, proving that despite an inflationary economy, Americans are still shopping.

Wall Street surged Wednesday in response to a second positive inflation report in as many days, sending the Dow Jones Industrial Average soaring more than 700 points and the S&P 500 to its its best day since November.

Gas prices saw a notable increase in December 2024, with the gasoline index rising 4.4%.

An astonishing 33% of U.S. households lack enough savings to cover a single month of expenses if faced with job or other income loss.

Investors who gamble on interest-rate futures are now giving nearly even odds there will be two cuts in 2025.

The December Consumer Price Index report came in nearly as expected by many analysts.

The Producer Price Index showed an overall gain of 0.2 percent in the final month of 2024.

A new survey ranks the best places to retire in the U.S., and New Jersey sits at the bottom of the list.

The stock markets face several headwinds including inflation leading to a pause in rate cuts.

She also warned that the strong US dollar could lead to higher funding costs for emerging market economies.

Rising menu prices and the constant prompt for gratuities on digital registers are taking their toll on customers' generosity

Household spending was up 2.2% in December versus the prior year.