The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images China kept its benchmark lending rates unchanged Friday, following sweeping monetary easing measures rolled out last month, and as a trade deal with the U.S. eases some growth concerns. The People’s Bank of China held the … Read more
Exterior of the Bank of England in the capital’s financial district, on Feb. 6. 2025 in London, England. Richard Baker | In Pictures | Getty Images The Bank of England kept its key interest rate on hold at 4.25% during its Thursday meeting, with economists expecting the central bank to wait until August before it … Read more
With the Federal Reserve just hours away from its latest decision on interest rates, President Donald Trump on Wednesday lambasted Chair Jerome Powell, calling him “stupid” while doubting the central bank would cut. In his latest in a series of attacks on Powell that go back years, Trump said the Fed’s key borrowing rate should … Read more
Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence “will reduce our total corporate workforce as we get efficiency gains” over time. “We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,” Jassy added in a memo to Amazon’s … Read more
US Federal Reserve Chair Jerome Powell waits to speak during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, DC, on June 2, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump ripped Federal Reserve Chair Jerome Powell as a “numbskull” on Thursday as … Read more
US President Donald Trump during a meeting with Chancellor of Germany Friedrich Merz in the Oval Office of the White House on Thursday June 5, 2025. Demetrius Freeman | The Washington Post | Getty Images President Donald Trump urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point despite a … Read more