Economic Report

White House Pushes Forward as Jerome Powell Era Nears Its EndPresident Donald Trump has signaled a decisive move toward reshaping Federal Reserve leadership, with the White House openly backing Kevin Warsh as its preferred choice to succeed Jerome Powell. The message from the administration is clear: it wants a swift …

Oil prices fell on Friday after the Donald Trump administration moved to ease some sanctions on Venezuela’s energy sector, although crude was still on track for hefty monthly gains driven by heightened geopolitical tensions and supply disruption fears. By 08:55 ET (13:55 GMT), Brent futures for March delivery were down …

Gold prices plunged sharply on Friday, breaking below the $5,000 level as a rebound in the U.S. dollar triggered heavy profit-taking following a historic rally driven by safe-haven demand. Spot gold fell as much as 8% during the session, touching $4,957.54 an ounce, before trimming losses to trade down 5% …

The number of unemployed people in Germany rose above the 3 million mark this month, reaching its highest level in 12 years, underscoring persistent weakness in the labor market despite stronger-than-expected economic growth in recent months. Data from Germany’s labor office on Friday showed unemployment increased by 177,000 in January …

Bitcoin fell sharply on Friday, dropping to its lowest level in more than two months as forced liquidations swept through leveraged positions and investors reacted to uncertainty around U.S. Federal Reserve leadership. The world’s largest cryptocurrency was down 6.4% at $82,620 by 02:15 ET, after touching a session low near …

Gold prices fell sharply again in Asian trade on Friday, extending a bout of profit-taking after U.S. President Donald Trump said he will announce his nominee for the next Federal Reserve chair later in the day. Spot gold dropped 3.6% to $5,180.26 an ounce by 01:28 ET, while April gold …

The US administration is moving closer to announcing a new chair for the Federal Reserve, signaling a potentially significant shift in monetary policy at a sensitive moment for the American economy. President Donald Trump said he plans to unveil his choice to replace current Fed Chair Jerome Powell, a decision …

Shares of Microsoft tumbled dramatically after the company revealed a surge in spending on data centers and AI infrastructure. The stock fell more than 12% intraday and closed nearly 10% lower, erasing roughly $430 billion in market value. This marks the second-largest single-day market capitalization loss ever for a U.S. …

On January 29, 2026, the precious metals market delivered one of its most extreme days in recent memory. Gold surged toward an astonishing new peak near $5,600 per ounce in early trading, while silver blasted past $120 for the first time ever. Yet, within hours, both metals staged a sharp …

The Federal Reserve’s latest policy statement and remarks from Chair Jerome Powell reflected a phase of deliberate caution, as the central bank opted to keep interest rates unchanged, signaling that monetary policy is likely to remain stable in the near term.This approach underscores the Fed’s preference to closely monitor economic …