President Donald Trump was critical of Federal Reserve Chair Jerome Powell on Thursday, further intensifying his feud by posting a statement on social media saying, “Powell’s termination cannot come fast enough!”
Read More Trump Criticizes Fed Chair Jerome Powell, Says His ‘Termination Cannot Come Fast Enough’
Bank of America topped estimates for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul.
Read More BofA stock surges after boosting profit on trading gains, interest income
President Donald Trump has released a statement, encouraging Americans to have patience through the implementation of tariffs he says are necessary to restore fairness in America’s trade abroad.
Read More Trump Tells Americans To ‘Hang Tough’ On Tariffs Plan Amid Stock Market Turmoil
The ADP National Employment Report on Wednesday also showed a moderation in wage growth for workers changing jobs.
Read More US private payrolls post smallest gain in seven months
Left-leaning news network MSNBC has informed a large number of staffers who work on Rachel Maddow’s show that they are being let go, as part of the network’s restructuring after the cancellation of MSNBC talk show host Joy Reid’s program.
Read More Report: MSNBC Overhaul Shakes Up Rachel Maddow’s Team Amid Network-Wide Cuts That Took Out Joy Reid, Alex Wagner
Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.
Read More US business activity at nine-month low in January; hiring accelerates