News

The dollar tumbled on Monday to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump's attacks on the Federal Reserve chairman, potentially putting the central bank's independence under threat. White House economic adviser Kevin Hassett said on Friday that the president and his team were continuing to study whether they could fire Powell, just a day after Trump said Powell's termination "cannot come fast enough" as he called for the Fed to cut interest rates.

NEW YORK (Reuters) -Oil prices fell nearly 3% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about economic headwinds from tariffs which could curb demand for fuel. Brent crude futures were down $1.84, or 2.7%, at $66.12 a barrel by 10:48 a.m. EDT (1448 GMT), after closing up 3.2% on Thursday.

(Bloomberg) -- Three weeks after US President Donald Trump effectively declared a trade war with the whole world, new economic forecasts and surveys will point to the initial fallout.

Goolsbee, responding to a question on CBS' "Face the Nation" about President Donald Trump's outbursts last week against Fed Chair Jerome Powell, said economists agree that central banks that have the ability to conduct monetary policy with no political tampering have better outcomes for their economies. "I strongly hope that we do not move ourselves into an environment where monetary independence is in question, because that would undermine the credibility of the Fed," he said.

Markets need more clarity on tariffs. Bottom line.

(Bloomberg) -- The global trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs. Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveTrump Signs Executive Orders on Federal Purchasing, Office SpaceNashville’s $3 Billion Transit Plan Brings a Call for

More than 100 S&P 500 companies are set to report earnings as the market looks to find footing as the fallout from President Trump's tariffs has sent stocks into a tailspin.

If you’re searching for today’s best money market account rates, we’ve narrowed down some of the top offers. Learn more about money market account rates today.

Coming up: Earnings from Tesla, Google, Boeing, Intel, and Others, Plus Fed Representative Remarks, Consumer Sentiment, New Home Sales Data

Is Bitcoin on the path to $250,000 this year?