Fielding a range of questions about the imprint of the Trump administration on the U.S. central bank, Federal Reserve Chair Jerome Powell on Wednesday said that politics had not prompted the Fed's decision to leave a global climate-focused group, and would not affect its interest-rate calls. And while Powell did say that the Fed is working to align its workforce policies with President Donald Trump's executive order banning the promotion of diversity and inclusion, he signaled that changes could be limited, saying that they would be "consistent with applicable law" and that he remains convinced that diversity is a hallmark of successful organizations.
Ameriprise Financial's quarterly profit rises as market rally boosted its fee income
Ameriprise Financial reported a 24% rise in fourth-quarter profit on Wednesday, driven by a higher fee income as the value of its clients' assets increased due to a market rally. The U.S. markets rallied on Federal Reserve's interest rate cuts and they were further boosted by business-friendly comments from President Donald Trump, who is expected to ease regulations. Ameriprise's assets under management and administration came in at $1.52 trillion in the quarter, a 10% jump from last year.
Morning Bid: Tech, hawkish Fed pressure stocks before megacap earnings parade
Sagging tech stocks weighed on US indexes, as Wall Street rethinks AI leadership after the arrival of DeepSeek, a Chinese disruptor claiming big results at a smaller cost. With many Asian markets still closed for the Lunar New Year, Japan's Nikkei 225 will carry the baton after pretty much cueing off Wall Street's ups and downs all week. The S&P 500 and Nasdaq briefly extended losses after the Federal Open Market Committee closed out its two-day policy meeting with hawkish hold that left markets thinking rates might not come down again for a while, if at all.
Stocks Fall on Fed Day as Tech Mixed in Late Hours: Markets Wrap
(Bloomberg) -- Stocks slipped and short-dated bond yields rose, though both pared bigger moves as early concern that the Federal Reserve was growing more worried about inflation got tamped down by Chair Jerome Powell.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged Wi
Trump Says Fed Has Done ‘Terrible Job’ on Banking Regulation
(Bloomberg) -- President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA
Here's what the federal government does for you
As pandemonium descended Tuesday after the Trump administration directed a freeze on federal funding, the chaos drove home a salient point: The federal government does a lot for you.
Teradyne’s (NASDAQ:TER) Q4 Sales Top Estimates
Semiconductor testing company Teradyne (NASDAQ:TER) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 12.3% year on year to $752.9 million. Its non-GAAP profit of $0.95 per share was 4.5% above analysts’ consensus estimates.