The Federal Reserve cut interest rates Wednesday, December 10, 2025, by a quarter point as expected, lowering borrowing costs for the third time this year while Chair Jerome Powell pushed back against President Donald Trump’s demands for more aggressive monetary easing. The decision caps a tumultuous year for central bank officials who have battled stubborn […]
Category: Economy
Markets claw back losses in Friday relief rally as Bitcoin crashes below $87,000, tech stocks remain fragile heading into holiday week
Wall Street staged a modest recovery Friday, November 21, erasing some of the week’s brutal losses as investors bet that Federal Reserve officials might still cut rates in December despite persistent inflation concerns. The S&P 500 rose 0.98% to 6,602.99, while the Nasdaq Composite climbed 0.88% to 22,273.08 and the Dow Jones Industrial Average gained […]
Tech meltdown extends to fourth straight day as Nvidia plunges 2.8% ahead of earnings, S&P 500 breaches 50-day moving average
Wall Street suffered its fourth consecutive decline Monday, November 17, as investors fled technology stocks ahead of Nvidia’s critical earnings report Wednesday and delayed employment data that could determine whether the Federal Reserve cuts rates in December. The Dow Jones Industrial Average lost 557.24 points, or 1.18%, to close at 46,590.24, while the S&P 500 […]
Federal workers return to chaos as agencies scramble to process back pay, October jobs and inflation data likely lost forever
Federal employees returned to their offices Thursday, November 14, 2025, confronting mountains of paperwork and uncertainty about when they’ll receive back pay for the 43 days they worked without compensation during the longest government shutdown in American history. The government shutdown is over, but hundreds of thousands of federal workers are coming back after 43 […]
Markets dodge worst-case scenario as tech recovers from early plunge, S&P 500 ends Friday nearly flat
Wall Street experienced extreme intraday volatility Friday, November 14, with major indexes plunging more than 1% at the open before recovering most losses by the closing bell as dip-buyers emerged to prevent what could have been the market’s worst week since the April tariff meltdown. After starting Friday with a sharp drop of 1.3%, the […]
Tech wreck intensifies as Fed rate cut doubts trigger worst day since October, S&P 500 plunges 1.7%
Wall Street suffered its worst selloff in more than a month Thursday, November 13, 2025, as hawkish comments from Federal Reserve officials combined with mounting concerns about artificial intelligence valuations to trigger heavy selling across technology sectors. The Dow fell 798 points, or 1.65%, the broader S&P 500 fell 1.66% and the tech-heavy Nasdaq Composite […]
Federal government reopens after 43 days as Trump signs bill, furloughed workers ordered back to offices Thursday morning
President Donald Trump signed legislation late at night, formally ending the longest government shutdown in American history as more than 650,000 furloughed federal workers received orders to return to their offices Thursday morning. The federal government is set to reopen after being shut down for a record-setting 43 days after the House on Wednesday evening […]
Semiconductor stocks surge 3% as shutdown deal restores confidence, Dow notches fourth straight record
Wall Street staged a powerful relief rally Monday, November 11, as investors celebrated the Senate’s passage of a deal to end the longest government shutdown in American history, with technology and semiconductor stocks leading the advance. The Dow Jones Industrial Average rose 0.8%, or 381.53 points, to close at 47,368.63, while the tech-heavy Nasdaq Composite […]
Senate advances shutdown deal after eight Democrats betray progressive base, House vote expected Wednesday to end 43-day crisis
Eight moderate Senate Democrats defied party leadership late Sunday night, November 9, 2025, to advance a funding deal that would reopen the government without guaranteeing extensions of Affordable Care Act subsidies, putting Congress on a path to end the longest shutdown in American history. The agreement, reached by a group of Democrats who teamed up […]
Tech rout accelerates as Nasdaq posts worst week since April meltdown, consumer sentiment crashes to three-year low
Wall Street limped into the weekend Friday, November 7, 2025, as artificial intelligence stocks extended their brutal selloff and consumer sentiment plunged to its lowest level since June 2022, when inflation hovered near 40-year highs. The S&P 500 rose 8.48 points or 0.1% to 6,728.80, while the Dow Jones Industrial Average rose 74.80 points or […]