The Trump administration has opened a criminal investigation into U.S. Federal Reserve Chair Jerome Powell, triggering sharp political backlash and renewed concern over the independence of the world’s most powerful central bank. The probe became public late Sunday after Powell disclosed that the U.S. Justice Department issued subpoenas to the Federal Reserve. The subpoenas relate …
Global stock markets were on course to reclaim record highs on Thursday following the end of the longest U.S. government shutdown in history, while Japan’s yen tumbled to historic lows against the euro and hit a nine-month low versus the dollar. Europe’s STOXX 600 opened stronger, with France’s CAC 40 gaining nearly 1%, pushing both …
Bank of America (BofA) has raised its return target as part of a new strategy to close the gap with Wall Street leaders. CEO Brian Moynihan announced the plan at the bank’s first investor day since 2011, signalling a renewed push to improve performance and capture more market share. BofA now aims to deliver a …
The U.S. dollar held close to a three-month peak on Monday as investors looked ahead to a slate of economic data this week that could offer fresh insight into the strength of the world’s largest economy and signal whether the Federal Reserve will maintain its hawkish posture. Asia-Pacific trading was subdued due to a holiday …
Gold’s rally shows no sign of slowing down as analysts predict the precious metal will hit record levels next year. Data shows 39 analysts and traders forecast an average gold price of $4,275 per ounce in 2026, the first time projections have crossed the $4,000 mark. For 2025, analysts expect prices to average $3,400 per …
The U.S. Federal Reserve is expected to announce another quarter-point interest rate cut this week, its second this year as policymakers move to cushion a slowing labour market and maintain economic stability. Analysts predict the rate reduction will bring the federal funds rate to between 3.75% and 4.00%, with more cuts likely in December or …
Wall Street traders and global investors were left without one of their most important economic signals on Friday after the U.S. government shutdown forced the delay of the monthly nonfarm payrolls report. For decades, the report has been considered the single most influential data release on the U.S. economy, guiding decisions across markets from stocks …
Nigeria’s September 2025 bond auction has stunned the markets, recording an eye-watering 530% oversubscription and signalling renewed investor confidence in the country’s debt instruments. Foreign and local investors alike scrambled for a piece of the issuance, with demand reaching ₦1.26 trillion against an offer of just ₦200 billion. Analysts say this level of interest is …
Global stocks fell on Wednesday as the dollar strengthened, following Federal Reserve Chair Jerome Powell’s cautious remarks on U.S. interest rates. Powell avoided committing to the sharp rate cuts investors expect in the coming months, dampening market sentiment. Traders still see a 92% chance of an October cut, according to CME FedWatch, but Powell stressed …
By Esther Ososanya Shares of cryptocurrency exchange operator Bullish (BLSH.N), owner of CoinDesk, surged nearly 62% above their initial public offering (IPO) price on Wednesday. The sharp rise signals renewed investor confidence in the digital asset sector and boosts the outlook for future U.S. listings by other crypto companies. If trading holds between $55 and …
