Former President Donald Trump made a rare and highly symbolic visit to the Federal Reserve’s Washington headquarters on Thursday, escalating his public pressure campaign against Chair Jerome Powell over the central bank’s $2.5 billion renovation and its reluctance to cut interest rates. The visit marked the first time Trump has set foot inside the Fed’sContinue reading “Trump Visits Federal Reserve, Clashes with Powell Over $2.5 Billion Renovation”
Tag Archives: finance
Markets Jittery as Trump-Powell Fallout and Tariff-Driven Inflation Roil Global Economy
Global financial markets experienced significant turbulence on July 16, 2025, as political uncertainty in Washington intersected with fresh economic data, prompting investor caution across major asset classes. The day’s volatility was initially triggered by widespread reports that President Donald Trump was considering dismissing Federal Reserve Chair Jerome Powell, fueling fears of political interference in centralContinue reading “Markets Jittery as Trump-Powell Fallout and Tariff-Driven Inflation Roil Global Economy”
Nasdaq, global financial markets reach record highs
The Nasdaq and other financial markets around the world rallied sharply on July 17, 2025, buoyed by unexpectedly strong economic data from the United States and better-than-anticipated corporate earnings reports, despite lingering political tensions surrounding President Donald Trump’s criticisms of Federal Reserve Chair Jerome Powell. Investor sentiment found footing after a series of upbeat economicContinue reading “Nasdaq, global financial markets reach record highs”
Amazon’s AWS Cloud Computing Unit Cuts Hundreds of Jobs Amid AI Shift
Amazon has laid off at least several hundred employees from its Amazon Web Services (AWS) cloud computing division. The job cuts are part of a broader strategic shift toward artificial intelligence (AI) and automation, despite AWS’s strong financial performance in the first quarter. An Amazon spokesperson confirmed the layoffs but declined to specify the exactContinue reading “Amazon’s AWS Cloud Computing Unit Cuts Hundreds of Jobs Amid AI Shift”
G20 Finance Ministers Forge Consensus in Durban Amid Global Economic Uncertainty
Finance ministers and central bank governors from the Group of 20 (G20) nations concluded their two-day meeting in Durban, South Africa, with a landmark communiqué emphasizing the critical importance of central bank independence in maintaining price stability and fostering economic growth. This consensus, the first among G20 officials since October 2024, reflects a significant stepContinue reading “G20 Finance Ministers Forge Consensus in Durban Amid Global Economic Uncertainty”
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