The Fed is so divided that the next vote on rates could result in an unprecedented tie, analysts say. ‘Then things would get really messy’
The typically consensus-driven Federal Reserve is looking more and more divided lately, so much so that next month’s rate-setting meeting could produce a deadlock, according to Capital Economics.After two earlier…
Republican and Democratic senators alike oppose Trump’s Ukraine peace plan that acquiesces to many Russian demands
The senators’ opposition to the plan follows criticism from other U.S. lawmakers, including some Republicans, none of whom have the power to block it. The senators, who spoke at an…
Trump enlists Jack Nicklaus to help revamp the ‘president’s golf course’ — raising questions about who will pay the golf legend and how much
The president took an aerial tour of the Courses at Andrews aboard Marine One on Saturday, and promised, “We’re going to do some work” there, as well as to other…
The exit economy is here. Black Women are paying the highest price
Stagnation would be troubling enough. But because revisions are reported only in aggregate, we don’t know which groups bore the brunt of those cuts. Intersectional analysis fills that gap—and what…
Hedge fund billionaire Bill Ackman is reportedly readying Pershing Square and a new fund to go public as soon as early next year
Bill Ackman is in talks to take his hedge-fund management company Pershing Square public, alongside a new investment entity.This time around, The Journal reported Ackman has sweetened the deal for…
Wall Street eyes a possible culprit in this week’s head-spinning stock market reversal: Bitcoin
Nvidia’s blockbuster earnings late Wednesday set up the stock market for a ferocious rebound as the chipmaker appeared to ease fears that an AI bubble was about to pop.But the…
NCAA won’t allow athletes or athletic department staff to bet on pro sports after gambling scandals hit NBA and college teams
NCAA athletes and athletic department staff will not be allowed to bet on professional sports after the organization’s membership voted Friday to rescind a rule change that would have permitted…
Trump defends socialism in Zohran Mamdani meeting the same day House GOP passes resolution condemning it
The much-anticipated face-to-face showed how the politicians’ shared love of New York City — and no doubt some political calculus — could paper over months of insults. Both men used…
This special election in a deep-red district sets up another big test for Trump — ‘I’m very concerned that we could be caught with our pants down’
Failing to run up the score — or worse, losing the seat — would be a sign of weakness, emboldening Democrats as they try to take back control of the…
‘Watching this actually turn into a fight has ripped MAGA apart’: The full Epstein files may never be released despite congressional vote
“Watching this actually turn into a fight has ripped MAGA apart,” Rep. Marjorie Taylor Greene said this week, flanked by Epstein survivors ahead of the House vote.Epstein’s abuse and 2019…
