Finance

Fed’s Powell sees ‘no risk-free path’ for interest rates after central bank’s cut last week

Fed’s Powell sees ‘no risk-free path’ for interest rates after central bank’s cut last week

Federal Reserve Chairman Jerome Powell said there is “no risk-free path” for the central bank’s next policy move as inflation remains elevated while the job market weakens. It’s “...

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No China ship surcharge; Seaspan to reflag 100 vessels

No China ship surcharge; Seaspan to reflag 100 vessels

Maersk, the world’s second-largest ocean container line, said it won’t levy a surcharge on shippers when U.S. port fees aimed at blunting China’s commercial maritime dominance take effect next mon...

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Gold surges to new high as Wall Street predicts precious metal has room to run

Gold surges to new high as Wall Street predicts precious metal has room to run

Gold (GC=F) hit a new record on Tuesday to surpass $3,800 in intraday trading as Wall Street analysts predicted that the precious metal still has room to run. Gold futures rose 0.8% to trade near ...

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Powell signals Federal Reserve to move slowly on interest rate cuts

Powell signals Federal Reserve to move slowly on interest rate cuts

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more ur...

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SEC Chair Paul Atkins Says Crypto ‘Innovation Exemption’ Coming This Year

SEC Chair Paul Atkins Says Crypto ‘Innovation Exemption’ Coming This Year

SEC Chair Paul Atkins said Tuesday that he aims to institute an “innovation exemption” for certain digital assets by year’s end, in the most tangible sign yet of how quickly the regulator’s ...

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