News

Treasury Secretary Bessent wants the Fed to lower its lending rate

The current Federal Reserve interest rate is significantly higher than necessary and should be lowered, Treasury Secretary ...

Gold futures edge higher on U.S. interest rate cut optimism as Bessent weighs in

Gold futures posted modest gains on heightened expectations of a Federal Reserve interest rate cut after mild July inflation ...

Fed's Goolsbee signals door open to rate cut in fall

By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday he is uneasy assuming that ...

Fed's Goolsbee is concerned about inflation, not jobs, hinting at high bar for rate cut

Fed's Goolsbee said he's more worried about inflation than weak job growth. His remarks suggest he may not support a ...

Wall Street climbs again as a worldwide rally comes back around

U.S. stocks are ticking higher after a rally spurred by hopes for lower U.S. interest rates wrapped around the world.

S&P 500, Nasdaq drift to fresh records, extending rally

The Dow Jones Industrial Average rose 1 per cent to 44,922.27. Read more at straitstimes.com. Read more at straitstimes.com.
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Bitcoin Jumps to New All-Time High Price as Ethereum Nears Record

Bitcoin hit a new all-time high Wednesday, breaking the previous milestone from July—and an Ethereum record may not be far ...

S&P 500 Gains & Losses Today: Amazon Expands Same-Day Food Deliveries, Hitting Kroger, DoorDash

The S&P 500 added 0.3% on Wednesday, Aug. 13, 2025, posting a record closing high for the second straight day after mellow inflation data raised rate-cut expectations.