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Federal Reserve Chair Jerome Powell. Chip Somodevilla | Getty Images Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and Middle East turmoil will have on the economy. While any immediate movement on interest rates seems improbable, the policy meeting, which…
President Donald Trump on Wednesday said he gave Iran an “ultimatum” as he considers whether to order a U.S. strike against the country, amid its ongoing conflict with Israel. Meanwhile, the U.S. Embassy in Jerusalem began preparing for large-scale evacuations of Americans who want to leave Israel. “I may do it, I may not do…
Dado Ruvic | Reuters Iran’s largest cryptocurrency exchange, Nobitex, was hacked for more than $90 million Wednesday, according to blockchain analytics firm Elliptic. The funds were drained from platform wallets into addresses bearing anti-government messages explicitly referencing Iran’s Islamic Revolutionary Guard Corps, or IRGC, pointing to a politically motivated cyberattack, Elliptic said. Blockchain research firm…
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday ahead of the central bank’s interest rate decision, calling him “a stupid person.” “We have a stupid person, frankly, at the Fed,” Trump said. “He probably won’t cut.” The Fed will announce its latest decision on whether to cut interest rates on Wednesday. The…
Amazon CEO Andy Jassy says artificial intelligence will “change the way” work is done and expects the company’s total corporate workforce to be reduced as a result. Jassy shared the message with employees on Tuesday. “As we roll out more Generative AI and agents, it should change the way our work is done,” he said….
A new analysis projects the Social Security Administration’s (SSA) cost-of-living adjustment (COLA) for next year will be higher than previously projected. The Senior Citizens League (TSCL) released its estimate for the 2026 COLA based on May inflation data and projected that it will be 2.5%, up from the prior month’s estimate of 2.4% and the March…
The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President Donald Trump’s term began in January. Administration officials noted that blue-collar wages – which are defined as nonsupervisory and production workers – have risen at an annual rate of 1.7% in the past five months….
President Donald Trump on Tuesday warned Iranian leader Ayatollah Ali Khamenei that he is an “easy target” and “our patience is wearing thin,” before demanding Tehran surrender in its escalating conflict with Israel. “We know exactly where the so-called ‘Supreme Leader’ is hiding,” Trump wrote on Truth Social. “He is an easy target, but is…
Victor Reklaitis is a Washington Correspondent for MarketWatch. During his time at MarketWatch, he also has served in roles in the London and New York newsrooms. Prior to joining MarketWatch, he worked at Investor’s Business Daily and for newspapers in Virginia. Adblock test (Why?)
The Federal Reserve will announce its latest decision on whether to cut interest rates on Wednesday and has faced mounting political pressure from the Trump administration to lower rates to spur the economy. The Fed is widely expected to leave interest rates unchanged this week, which would make it four straight meetings in which the central…
