Powell defends Fed’s independence amid Trump’s remarks
President Trump’s push to oust Fed Chair Powell drew warnings from CEOs and spurred a brief market rally after his reversal....
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American firms rush imports ahead of Trump’s proposed China tariffs
U.S. businesses are stockpiling Chinese imports as President-elect Trump plans a 60% tariff, fueling inflation fears and supply chain concerns. Economists urge domestic investment....
About 2 million air fryers were recalled because of fire hazards
As a result of a wire connection overheating in the air fryers, the U.S. Consumer Product Safety Commission has recalled about 2 million Cosori air...
Wall Street records sharpest plunge since 2020, Dow drops 1100 points
On Wednesday, the Dow Jones Industrial Average recorded its biggest plunge since 2020 after another prominent retail company warned of escalating prices, reinforcing investors’ apprehensions...