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China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.Read More...
Watch Fed Chair Powell testify live on interest rate policy before House committee
In prepared remarks, Powell said concerns linger over the impact President Donald Trump's tariffs will have on inflation.Read More...
Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism
The cautious tones from Powell could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.Read More...
Getting Trump’s full tax break on car loans may mean buying a $130,000 vehicle
Middle-income households that buy luxury cars would be able to claim the full financial benefit of a $10,000 tax deduction on car loan interest.Read More...
Goldman Sachs and Citadel back crypto firm Digital Asset in $135 million funding round
The company said it will use the funding to advance adoption of the Canton Network, a blockchain for financial institutions.Read More...
Fed Chair Powell speaks on Capitol Hill this week with politics front and center
White House officials have raised the heat on Powell to lower rates. Now he's faced with two key Fed officials who have said they could favor a cut in July.Read More...
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