Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect
|

Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer…

Banks Sell .7 Billion of X’s Debt, in a Sign of Investor Demand
|

Banks Sell $4.7 Billion of X’s Debt, in a Sign of Investor Demand

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines When Elon Musk bought X for $44 billion in 2022, more than a quarter of that was financed by loans from banks including Morgan Stanley. Banks normally quickly sell off such loans, but in this case they kept much of that debt because…

Stocks Drop After Hotter Than Expected Inflation Reading
|

Stocks Drop After Hotter Than Expected Inflation Reading

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Stocks on Wall Street slumped at the start of trading on Wednesday, dragged lower by data that showed consumer prices rose more than expected in January, leaving the Federal Reserve little cause to lower interest rates again soon. The S&P 500 fell roughly…

Trump Softens Tone on Inflation After Pledging to Lower Prices
|

Trump Softens Tone on Inflation After Pledging to Lower Prices

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump promised voters that, if elected, he would enact policies that would bring prices down on “Day 1” in office. But three weeks into his term, Mr. Trump and White House officials have become more measured in how they discuss their efforts…

Trump Names 2 New Top Financial Regulators
|

Trump Names 2 New Top Financial Regulators

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump on Tuesday named two nominees to lead top financial regulators: Jonathan McKernan for director of the Consumer Financial Protection Bureau and Jonathan Gould as the comptroller of the currency. The consumer bureau has been in turmoil for days after Russell Vought,…

Trump Names 2 New Top Financial Regulators
|

Trump Names 2 New Top Financial Regulators

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump on Tuesday named two nominees to lead top financial regulators: Jonathan McKernan for director of the Consumer Financial Protection Bureau and Jonathan Gould as the comptroller of the currency. The consumer bureau has been in turmoil for days after Russell Vought,…

As Trump Attacks D.E.I., Wall Street Worries
|

As Trump Attacks D.E.I., Wall Street Worries

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Follow live updates on Trump’s cabinet picks and other administration news. Wall Street has not typically been accused of doing too much for women and minority groups. The financial services industry, after all, is one in which more major banks are named after…

36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations
|

36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The day before Linda Wetzel closed on her retirement home in Southport, N.C., in 2012 — a cozy place where she could open the windows at night and catch an ocean breeze — the bank making the loan surprised her with a fee…

Russell Vought Orders Consumer Protection Bureau’s Headquarters Closed for a Week
|

Russell Vought Orders Consumer Protection Bureau’s Headquarters Closed for a Week

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Employees at the Consumer Financial Protection Bureau received an email on Sunday saying the bureau’s headquarters would be closed for the coming week. “Employees and contractors are to work remotely unless instructed otherwise from our Acting Director or his designee,” said the notice,…

Job Market Gives Fed Cover to Extend Interest Rate Pause
|

Job Market Gives Fed Cover to Extend Interest Rate Pause

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Less than six months ago, Federal Reserve officials were wringing their hands about the state of the labor market. No major cracks had emerged, but monthly jobs growth had slowed and the unemployment rate was steadily ticking higher. In a bid to preserve…