(Bloomberg) -- Gold pared losses as traders assessed the Federal Reserve’s interest-rate path after US data showed signs of downside risks under President Donald Trump’s trade agenda.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterThe Last Thing US Transit Agencies Should Do
Visa launches stablecoin payments in Latin America in major advance for crypto
The service will rely on Bridge’s stablecoin tools and will roll out in places like Ecuador, Peru, and Colombia.
ETF Store President dares Bitcoin skeptics with one question
ETF Store president Nate Geraci challenges Bitcoin skeptics as Bitwise data shows hidden strength despite market drops and ETF hopes rise.
The Economy Just Shrank. Are We In A Recession?
The U.S. economy contracted in the first quarter, but it takes more than one bad quarter of GDP for a recession to officially begin.
Tips for handling your finances in a time of economic uncertainty
Roughly half of U.S. adults say that President Trump's trade policies will increase prices “a lot," according to a recent poll by The Associated Press-NORC Center of Public Affairs Research. Matt Watson, CEO of Origin, a financial planning app, says it's a period of uncertainty for everyone, including experts.
AP PHOTOS: US stocks sink after a weak report on the economy
U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump's announced tariffs could take effect. This is a photo gallery curated by AP photo editors. Follow AP visual journalism: AP Images blog: http://apimagesblog.com Instagram: https://www.instagram.com/apnews AP Images on X: http://twitter.com/AP_Images
Fed should ditch current policy framework, group of former top central bankers says
WASHINGTON (Reuters) -A group of former top world central bankers says the Federal Reserve should scrap its nearly five-year-old bias towards jobs and keep a stricter focus on inflation, a recommendation offered as the U.S. central bank conducts its own strategy review. The Fed should "always seek to bring inflation back to its 2% inflation target" and drop the current pledge to use periods of high inflation to offset periods when prices rise too slowly, said the panel, chaired by former New York Fed President William Dudley and including former central bank officials from China, Mexico, Japan, England, and Israel. The current approach of ignoring low unemployment as an inflation risk and viewing maximum employment as a "broad-based and inclusive goal" should also be dropped, the group said.
Economy shrank during Q1 on pre-tariff jump in imports
Companies scrambled to boost their stock of foreign-made goods before President Donald Trump on April 2 announced sweeping import duties.
Relaxed regulatory oversight spurs bank-crypto activity
Since January, federal bank regulators have done an about-face on crypto guidance, inspiring banks to explore the space.
Wall Street thinks Apple is set to crush first-quarter earnings estimates thanks to tariffs
Apple's earnings will be a key update for investors looking for answers regarding the impact of tariffs, China competition, and progress on AI.