Finance

Stocks fell broadly on Wall Street in afternoon trading Thursday, putting the market on track for its second straight loss. Technology and communications companies accounted for much of the sell-off. Energy stocks took the heaviest losses as the price of crude oil slumped. Financial, health care and real estate companies notched modest gains. Investors were […]

WASHINGTON — President Trump said he would not nominate Stephen Moore for a seat on the Federal Reserve board after several Republican lawmakers raised concerns about the conservative economist’s previous comments denigrating women. Mr. Trump, in a tweet, said “Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from

Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past inflammatory writings about women. Trump tweeted the news of Moore’s withdrawal even while describing him as “a great pro-growth economist and a truly fine

WASHINGTON, May 2 (Reuters) ― The U.S. State Department allowed at least seven foreign governments to rent luxury condominiums in New York’s Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, a potential violation of the U.S. Constitution’s emoluments clause. The 90-story Manhattan building, part of

You dropped out of college, or decided straight out of high school that college was not your thing. Here’s some advice if you are looking for a job: Stay out of Washington. Don’t go to New York. Forget about San Francisco. If you want to make anything near a decent wage, head for Toledo, Des

Nearly half the money spent on residential real estate in Manhattan during the first quarter of 2019 (45.4 percent, to be exact) was spent on the most expensive homes — those that sold for more than $4 million — according to information collected by Jonathan J. Miller, president of the appraisal firm Miller Samuel. As

World stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was likely this year. As European traders returned from a May Day break, France’s CAC 40 lost 0.3% at 5,568.45 while Germany’s DAX picked up 0.4% to 12,390.04. Britain’s FTSE

The Latest on the Federal Reserve’s monetary policy meeting (all times local): 3:40 p.m. Federal Reserve Chairman Jerome Powell says the central bank is a “nonpolitical institution,” and officials were not considering outside criticism in making their decisions. President Donald Trump on Tuesday tweeted that the Fed needed to cut its key policy rate by

The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it’s unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate — which influences many consumer and business loans — in a range of 2.25% to

WASHINGTON — Federal Reserve officials are poised to disappoint President Trump at the conclusion of their two-day policy meeting on Wednesday, with the central bank expected to leave interest rates unchanged despite Mr. Trump’s repeated calls for it to start cutting rates. Mr. Trump has criticized the Fed’s 2018 interest rate increases for slowing growth