Trump looks to end a controversial tax loophole that has enriched Wall Street’s wealthiest for years
Success in closing the carried-interest loophole is anything but guaranteed.
Fed's Kashkari sees policy rate 'modestly lower' at end-2025
For now, he said, the Fed is in "wait and see" mode amid uncertainty over the economic effects of Trump administration policies, he told CNBC. With unemployment at 4% and a cooling rental market poised to help bring overall inflation closer to the Fed's 2% goal, he said, "we're in a very good place to just sit here until we get a lot more information on the tariff front, on the immigration front, on the tax front, etc." Meanwhile, he said, the next two months of inflation data will be paramount in shaping Fed policy, he said.
US job growth takes a breather; unemployment rate at 4.0%
WASHINGTON (Reuters) -U.S. job growth slowed more than expected in January after robust gains in the prior two months, but a 4.0% unemployment rate probably will give the Federal Reserve cover to hold off cutting interest rates at least until June. The Labor Department's closely watched employment report on Friday also showed strong wage growth last month, with average hourly earnings surging, which should keep consumer spending supported. Labor market resilience is the driving force behind the economic expansion.
Fed’s Kashkari Says Rates to Decline ‘Modestly’ in 2025
(Bloomberg) -- Federal Reserve Bank of Minneapolis President Neel Kashkari said he expects inflation will continue to cool toward the central bank’s 2% target, allowing policymakers to lower interest rates “modestly” by the end of the year.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeCitadel to Leave Namesake Chicago Tower as Employees RelocateSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleNYC Sees Pedestrian Traffic Increase in C
January jobs report: Unemployment rate falls to 4%, wages rise more than forecast as US labor market remains resilient to start 2025
The January jobs report comes as investors are closely watching for any clues about whether or not the Federal Reserve will cut interest rates in 2025.
Trump's media company gave a roughly $800,000 stock award to his pick for FBI director
Kash Patel did not disclose the stock award in his financial disclosure report, which all federal appointees are required to file.
Tesla CFO, board members offload millions in stock
The sales occurred after board members, including Kimbal Musk, agreed to pay a collective $919 million back to the EV maker to settle claims of excessive compensation last month.
3 Cryptocurrency Predictions for 2025 (Hint: One Is About XRP)
The price of Bitcoin, the world's largest cryptocurrency, surpassed $109,000 at one point and has regularly hovered around $100,000 since the end of last year. President Donald Trump's victory in November sent the sector up, up, and away as investors got bullish about the chances for a lighter and more friendly regulatory environment that seeks to make the U.S. the crypto capital of the world. There are plenty of ways investors can easily buy them already through platforms like Coinbase Global.
BlackRock May Launch European Bitcoin ETP: Reports
BlackRock, may issue product this month, aiming to build on the success of IBIT, its $59.3 billion U.S. spot bitcoin ETF, Bloomberg reported.
Super Bowl food stock plays: Wingstop, Domino's poised to win on game day
This Sunday will be a boon to the top brands behind chicken wings, pizza, and beer.