Latest Finance News and Trends

Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell.

A 10% rate cap would make large swaths of the credit card industry unprofitable, especially tied to customers with less-than-ideal credit, banks say.

Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.

Former deputy national security adviser in Donald Trump’s first term served on tech company’s board last year

Federal Reserve chair says the probe relating to a $2.5bn renovation of HQ is a ‘pretext’ to rein in central bank’s independence

The move taps one of the most senior women on Wall Street and a former Trump adviser to help lead the company’s next phase of growth.

Precious metals prices scaled new peaks after U.S prosecutors launched a probe into Federal Reserve Chair Jerome Powell, adding to concerns about the independence of the central bank.

Chair says probe follows central bank’s refusal to bow to White House push for much lower interest rates

Wall Street stocks also fall after US prosecutors launch criminal investigation into chair Jay Powell

Oil was lower, but developments in Iran could have significant implications for markets, Capital Economics said, adding that a strike by workers, blockade of the shadow fleet, or threats to close the […]

Iranians have suffered years of inflation, devaluation and stuttering growth

U.S. natural gas futures were higher after last week’s heavy losses, with the market looking for colder weather to lift heating demand.

The DXY dollar index fell and Rabobank expects the currency to face volatility this year due to rising political pressure on the Fed.

A criminal investigation of Jay Powell is the latest in the reworking of the world’s most important financial institution

White House’s demand for limit on what issuers can charge rattles investors