Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed…
Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms chased the run-up. The precious metal, which sat at $2,606 last December, rallied over 66%…
A federal judge ruled Tuesday that the Trump administration is legally required to secure funding for the U.S. Consumer Financial Protection Bureau (CFPB), and that failing to do so would violate a prior court order barring the government from dismantling or shutting down the agency. In the 32-page ruling, U.S.…
Homebuyers can usher in 2026 with a little relief as mortgage rates fell to the lowest level of 2025 in the final report of the year. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.15% from last…
Ahead of the New Year’s holiday, President Donald Trump said he will make a decision on who he wants to lead the Federal Reserve by January. Current Chair Jerome Powell’s term expires in May 2026, and he has made it clear he will fulfill his obligation running the central bank. This…
Federal Reserve policymakers were deeply divided over the decision to cut interest rates at their meeting in December as the U.S. economy faces a challenging combination of risks, according to the minutes from their latest policy meeting. The Fed cut rates by 25 basis points for the third straight time…
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The U.S. economy grew at a faster pace than expected in the third quarter, according to the Commerce Department’s estimate. The Bureau of Economic Analysis (BEA) on Tuesday released its initial estimate of third-quarter GDP, which showed…
