A recent lawsuit filed in federal court is challenging President Donald Trump’s decision to fire Federal Reserve Governor Lisa Cook. The lawsuit names both the president and Fed Chair Jerome Powell as defendants.Cook’s lawsuit argues that the president’s action was “unprecedented and illegal” and that there was no “cause” for …

The U.S. economy is proving to be far more resilient than initially thought. Recent data from the Bureau of Economic Analysis shows a significant upward revision to the second-quarter growth rate, with the Gross Domestic Product (GDP) now estimated to have grown at an annual rate of 3.3%. This figure …

The British Pound is on the move, gaining against the US Dollar despite strong economic signals from the United States. While US GDP growth smashed expectations, a cooling labor market and persistent inflation in the UK are giving the pound an edge. This unexpected dynamic has many analysts questioning why …

The U.S. has imposed a new round of tariffs on imports from India, raising the rate to 50%, a move that could disrupt a growing bilateral trade relationship and increase costs for American consumers. This action follows a previous 25% baseline tariff, making the new levies on goods from India, …

The Dow Jones Industrial Average (DJIA) advanced on Wednesday, mirroring a broader upward trend in the equities market. Despite a lack of major market-moving news, investors are showing a renewed appetite for stocks. Key economic data, including U.S. GDP growth and PCE inflation figures, are scheduled for release later in …

NVIDIA is cementing its role as a titan in the tech industry, announcing impressive financial results for the second quarter of fiscal 2026. The company reported a significant surge in revenue, reaching $46.7 billion, marking a 6% increase from the previous quarter and a massive 56% leap from the same …

The US Dollar experienced a rollercoaster session on Wednesday, swinging between gains and losses before ultimately surrendering its early advances. This indecisive trading behavior stemmed from persistent worries over the Federal Reserve’s independence and a lack of significant progress in ongoing trade negotiations, leaving investors on edge as the day …

WTI (West Texas Intermediate) Crude Oil is rebounding on Wednesday after a sharp 2.27% drop in the previous session. At the time of writing, the US benchmark trades near $64.00 per barrel, up 1.2% on the day and recovering from a five-day low of $62.80 hit earlier in European trading …

European steel producers are testing the market’s willingness to accept price increases for steel products. A leading company has recently raised its hot rolled coil offers, seeking a 3.4% increase from the previous week’s prices for fourth-quarter delivery. This move comes as the industry navigates a complex environment of shifting …

Gold prices edged lower on Wednesday, retreating from a recent two-week peak of $3,394 under pressure from a resurgent US dollar. Despite ongoing political turbulence surrounding efforts to remove a Federal Reserve governor, the precious metal remains supported by broader uncertainties in monetary policy.During the American trading session, gold was …