Bessent Calls Fed Rate Cuts the 'Missing Ingredient' for Economic Growth
Treasury Secretary Scott Bessent urges the Federal Reserve to continue cutting interest rates, calling lower borrowing costs the key to unleashing stronger growth.
244 articles found for "savings"
Bond Market Flashes Warning: 10-Year Treasury Yields Climb to 4.18% as Inflation Fears Resurface
Treasury yields are climbing despite rate cuts, signaling that bond investors aren't convinced inflation is under control. Here's what it means for your portfolio.
The Buffett Era Ends: Warren Buffett Officially Steps Down as Berkshire Hathaway CEO
At 95, Warren Buffett has officially retired as Berkshire Hathaway CEO, handing the reins to Greg Abel. The legendary investor's 60-year tenure reshaped American capitalism.
Saks Global's $2.2 Billion Reckoning: Luxury Retail Giant Set to File Bankruptcy This Weekend
Saks Global Enterprises, owner of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, is preparing to file Chapter 11 bankruptcy as early as Sunday.
Goldman Sachs Completes Consumer Banking Exit: The Strategic Pivot That Reshapes Wall Street
With the Apple Card transfer to JPMorgan finalized, Goldman Sachs has substantially completed its retreat from consumer banking—a $4 billion lesson in strategic focus.
AMD Declares War on Nvidia: Inside the 2026 AI Chip Showdown at CES
AMD unveiled Helios, calling it the 'world's best AI rack' in a direct challenge to Nvidia's dominance. With Oracle and OpenAI as early customers, the AI chip war is heating up.
EV Sales Plateau in America: Why the Electric Vehicle Revolution Is Hitting Speed Bumps in 2026
US electric vehicle sales have hit a wall as federal incentives expire and market share plunges from 10.3% to 5.2%. Here's why the EV transition is proving harder than expected.
CBO Forecasts Fed Rate Cuts Through 2028: What the Economic Outlook Means for Your Money
The Congressional Budget Office projects the Federal Reserve will cut rates to 3.4% by 2028, with unemployment peaking at 4.6% in 2026 before easing. Here's what it means for your finances.
China Launches $9 Billion Consumer Stimulus: Beijing's Appliance Trade-In Program Targets Domestic Demand
China allocates 62.5 billion yuan ($9B) for consumer subsidies encouraging appliance replacements. The program aims to stimulate domestic consumption amid persistent deflation.
Delta Earnings Preview: Why Tuesday's Report Is the Bellwether for America's Travel Boom
Delta Air Lines reports Q4 2025 earnings Tuesday before market open. Analysts expect EPS of $1.55 as premium travel demand and declining fuel costs reshape the outlook.
Iran's Currency Crisis Deepens: What the Rial's Collapse Means for Oil Markets and Your Portfolio
Iran's rial has crashed to record lows against the dollar, triggering the largest protests since 2022 and a central bank leadership change. Here's what the crisis means for oil markets and investors.
The 'EV Winter' Has Arrived: Why Automakers Are Retreating From Electric Dreams
GM takes a $6 billion charge, Ford abandons its electric F-150, and industry growth stalls. The EV transition is proving harder—and costlier—than anyone expected.