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Fed watchdog objects to Senate bill overhauling leadership selection

Fed watchdog objects to Senate bill overhauling leadership selection

© Reuters. FILE PHOTO: The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo By Michael S. Derby (Reuters) – The Federal Reserve’s in-house watchdog agency is pushing back against proposed legislation in the U.S. Senate that would overhaul how the government department is led. Mark Bialek, who heads the…

White House’s Sullivan: US not looking to decouple from China economy

White House’s Sullivan: US not looking to decouple from China economy

© Reuters. FILE PHOTO: U.S. national security adviser Jake Sullivan speaks during a press briefing at the White House in Washington, U.S., April 24, 2023. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – White House national security adviser Jake Sullivan said on Thursday the United States is not looking to decouple its economy from the Chinese economy, saying,…

Argentina seeks to tame inflation, peso with biggest rate hike since 2019

Argentina seeks to tame inflation, peso with biggest rate hike since 2019

© Reuters. FILE PHOTO: A one thousand Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration By Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s central bank hiked its benchmark interest rate a huge 10 percentage points to 91% on Thursday as it…

Tech powers Nasdaq gains; recession fears weigh on cyclicals, dollar

Tech powers Nasdaq gains; recession fears weigh on cyclicals, dollar

© Reuters. FILE PHOTO: A woman walks past a man examining an electronic board showing Japan’s Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou   XAU/USD +0.08% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL…

US House passes Republican debt ceiling bill with steep spending cuts

US House passes Republican debt ceiling bill with steep spending cuts

© Reuters. FILE PHOTO: House Speaker Kevin McCarthy (R-CA) and other House Republicans hold a news conference on Capitol Hill in Washington, U.S., April 20, 2023. REUTERS/Amanda Andrade-Rhoades/File Photo By David Morgan and Richard Cowan WASHINGTON (Reuters) -The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government’s $31.4 trillion debt…

Marketmind: Banking blip? Not so fast

Marketmind: Banking blip? Not so fast

© Reuters. FILE PHOTO: A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar/File Photo   MSFT -2.25% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:  …