• Apr 16, 2025

Powell says Federal Reserve can wait on any interest rate moves

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. “As that great Chicagoan Ferris Bueller once noted, ‘Life moves pretty fast,'" Powell said in a speech to the Economic Club of Chicago. "For the time being, we are well positioned to wait for greater clarity” on the impact of policy changes in areas such as immigration, taxation, regulation, and tariffs, Powell said.

• Apr 16, 2025

AP PHOTOS: Exporters at China’s largest trade fair look to non-US markets for survival

Exporters attending China’s biannual trade fair in Canton were emphatic about the need to look beyond selling to Americans. China has been highlighting its focus on trade with countries other than the United States at various trade fairs that are showcasing its vast market and competitiveness as a manufacturing giant. U.S. President Donald Trump announced sweeping tariffs of 145% on all products imported from China.

• Apr 16, 2025

Here’s the advice I’m giving wealthy clients through tariff fears and market uncertainty

Policy shifts and geopolitical turmoil are as inevitable as they are disruptive—but markets reward patience and discipline.

• Apr 16, 2025

Fed's Hammack sees steady monetary policy as central bank seeks more data

Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S. economy right now argue for the central bank to hold steady on interest rate policy and take in more information before deciding what needs to happen next. “Given the economy’s starting point, and with both sides of our mandate expected to be under pressure, there is a strong case to hold monetary policy steady in order to balance the risks coming from further elevated inflation and a slowing labor market,” Hammack said in the text of a speech prepared for delivery before a gathering in Columbus, Ohio. Hammack, who does not hold a vote on the monetary policy- setting Federal Open Market Committee this year, said the big changes in the United States trade regime, which prominently features tariff increases, have played a role in boosting uncertainty and making it harder to know what needs to happen with central bank monetary policy.

• Apr 16, 2025

The Wall Street career path can be brutal. Young people are embracing it.

BI surveyed 150 college students pursuing careers on Wall Street about their motivations, expectations, and fears. Here is what they told us.

• Apr 16, 2025

Apple market cap falls back below $3 trillion as 'relief rally' fades amid new tariff uncertainty

Apple stock fell more than 2% late Wednesday morning, once again putting its market capitalization below the $3 trillion mark after a brief rally.

• Apr 16, 2025

Powell says tariffs will likely push up inflation, unemployment rate

Federal Reserve Chair Jerome Powell highlighted how planned and enacted policy shifts by the Trump administration have created unusual economic uncertainty.

• Apr 16, 2025

Lyft Stock Rises as Oppenheimer Initiates Coverage at 'Outperform'

Oppenheimer analysts on Wednesday initiated coverage of Lyft with an "outperform" rating, writing that they expect the company to benefit as ridesharing continues "to challenge the rising cost of car ownership."

• Apr 16, 2025

The 14 Fortune 500 stocks most exposed to the tariff war

Other companies hit hard include a medical device maker, a semiconductor firm and the maker of Vans sneakers.

• Apr 16, 2025

The global trade war will badly hurt the US and global economies, WTO says

President Donald Trump’s global trade war will hurt economies around the world this year, including the US, according to a new report by the World Trade Organization.