William Pulte, the director of the Federal Housing Finance Agency, has made a controversial statement urging Federal Reserve Chair Jerome Powell to either lower interest rates or resign from his position, reports suggest. Mr. Pulte, in a public post, argued forcefully that with inflation under control, largely thanks to President Trump's policies, it is paramount for Chair … [Read more...] about Finance Agency Chief to Powell: Cut Rates or Resign
Finance
$5M Trump Gold Card Draws Massive Interest with 70K Signups
Approximately 70,000 individuals have expressed interest in the proposed gold card visa program set forth by former President Donald Trump. The program, as outlined, would grant international investors legal residency within the United States in exchange for a substantial investment of $5 million. Commerce Secretary Howard Lutnick disclosed that the department's online … [Read more...] about $5M Trump Gold Card Draws Massive Interest with 70K Signups
Stocks Plunge Then Surge: Trade War Chaos Rattles Wall Street
Wall Street had an incredibly volatile day on Monday. It went from a 20% drop that dragged it below its previous record to a sharp rise. But then, the market reverted to losses, as concerns remain over whether Donald Trump's tariff war will undermine the global economy. S&P 500 gained 3.4% after a drop of 4.7% shortly after trading began. This would have been its best … [Read more...] about Stocks Plunge Then Surge: Trade War Chaos Rattles Wall Street
Hedge Funds Rush Back Into U.S. Stocks Amid Market Optimism
Last week, global hedge funds began to add U.S. stocks to their portfolios following a massive drop in Wall Street's main indexes. This was an early sign of optimism for the country. Goldman Sachs stated in a separate report that hedge funds began to increase exposure to the largest economy in the world for the remainder of the week, up until Thursday. The bank revealed … [Read more...] about Hedge Funds Rush Back Into U.S. Stocks Amid Market Optimism
Nancy Pelosi Made Major Stock Trades Just Before Trump Took Office
Nancy Pelosi (D-Calif.), former House Speaker, revealed several stock trades made by her husband Paul in December and January. The companies involved were some of the largest tech firms in the world. Congressional stock transaction disclosures are also known as periodic reports. They cover both trades by the member and spouse. Ian Krager is the former speaker's … [Read more...] about Nancy Pelosi Made Major Stock Trades Just Before Trump Took Office