Colombia is forecast to lift interest rates for the first time since 2023 to curb soaring price pressures after a record increase in the minimum wage https://t.co/QCBMQBnEX0 ...

U.S. stock futures fell on Friday following Thursday’s mixed close. Futures of major benchmark indices were lower.Meanwhile, President Donald Trump, during an appearance at the premiere for the film “Melania,” on Thursday, said that he will name his pick for the Federal Reserve Chair on Friday. Data from Kalshi, a federally authorized betting platform, shows that over $81.6 million has been bet on the contract "Who will Trump nominate as Fed Chair?" Warsh is currently leading, with 92% probability that he w ...

>> LIVE FROM LONDON. THIS IS BLOOMBERG DAYBREAK. I’M LIZZY BURDEN WITH YOUR TOP STORIES.STOCKS SLIDE AFTER THE TRUMP ADMINISTRATION IS REPORTED TO NOMINATE KEVIN WALSH AS THE NEXT FED CHAIR. MEANWHILE APPLE DELIVERS RECORD QUARTERLY SALES AND AN UPBEAT FORECAST. BUT WARNS HIGHER COSTS COULD TAKE A BITE OUT OF MARGINS.DANGEROUS MOVES. DONALD TRUMP WARNS THE U.K. AND CANADA AGAINST STRIKING FRESH BUSINESS DEALS WITH CHINA. HAPPY FRIDAY.TODAY IS THE DAY THAT WE’RE EXPECTING PRESIDENT TRUMP TO REVEAL HIS PICK F ...

ONE OF THE LARGEST RETAIL NONBANKING FINANCIAL COMPANIES IN INDIA. GREAT TO HAVE YOU. INDIA IS REALLY BEING LOOKED AT AS THE NEXT BIG CONSUMPTION ENGINE.I WONDER WHAT YOU ARE EXPECTING IN THE BUDGET. DO YOU THINK IT WILL DO ENOUGH TO BOOST CONSUMPTION. I DO AGREE.I DO EXPECT THAT THIS BUDGET WILL FOCUS ON CAPEX. THE INVESTMENT INTO THE INFRASTRUCTURE. WE NEED TO TRANSFORM THESE ACTIVITIES INTO INTERNATIONAL ACTIVITIES.THAT'S WHERE MAJOR FUTURE ACTIVITY BECOMES FIRM. LOGISTICS LINKAGES ARE VERY IMPORTANT. IT ...

JUST AN OUTSTANDING PERSON. AND A PERSON THAT, UH, WON'T BE TOO SURPRISING TO PEOPLE. IT IS GOING TO BE SOMEBODY THAT IS VERY RESPECTED. SOMEBODY THAT IS KNOWN TO EVERYBODY IN THE FINANCIAL WORLD.AND I THINK IT'S GOING TO BE A VERY GOOD CHOICE. I HOPE SO. SOMEONE ON YOUR SHORTLIST, SIR.ON A REASONABLY SHORT LIST, YEAH. THURSDAY NIGHT IN WASHINGTON, D. C.FOR PRESIDENT TRUMP SAYING HE WILL MAKE HIS CHOICE FOR THE NEXT FED CHAIR FRIDAY MORNING. ENDING A MONTH-LONG GUESSING GAME BUT BLOOMBERG HAS BEEN TOLD THAT ...

Economic Outlook - The new Fed chief is focused on lowering interest rates to manage national debt, with $10 trillion needing to roll over in the next year [2][4] - Inflation indicators show gold and copper prices near all-time highs, while the dollar has fallen to a four-year low, suggesting inflation may be rising [2] Federal Reserve and Interest Rates - There is a belief that the Fed's long-standing view that economic growth causes inflation is incorrect, leading to current inflation issues [3] - Concerns are raised about the impact of rising interest rates on government payments, with mortgage rates doubling from 3.5% to 7% [4] Consumer Sentiment and Spending - Despite low consumer sentiment at a 12-year low, consumer spending remains strong, potentially influenced by media coverage [8] - The economic press may negatively affect consumer sentiment, creating a self-fulfilling prophecy [9] State Taxation and Migration - New York City is facing a fiscal crisis, with a proposed tax increase on the top 1% to address a $12 billion budget gap [10] - New York State saw only 1,080 new residents added last year, with a significant outflow of residents, indicating a trend of migration away from high-tax areas [11][12] Technological Change and Labor Markets - Concerns are raised about government intervention in response to AI disruptions in labor markets, emphasizing that disruption does not equate to destruction [16] - Historical context shows that technological advancements have led to increased productivity without resulting in mass unemployment, but the speed of change with AI is a new challenge [17][19]

President Trump plans to announce on Friday that he will name Kevin Warsh, the former Federal Reserve governor, replace Jerome Powell as Federal Reserve chair, The Post has learned.After meeting on Thursday with Warsh, a former Fed governor and Stanford University professor, Trump later called Warsh and asked him if he would accept the position — and he did, sources tell The Post.Rick Reider, a top executive at giant money manager BlackRock emerged as a top candidate in recent days. But Reider on Thursday w ...

The president making a number of major headlines at this hour, including threatening tariffs on countries selling oil to Cuba. I want to bring back NBC's Peter Alexander. Peter, I know you're tracking all these new headlines.What have we learned when it comes to Cuba first. Well, let's start with that topic of Cuba, Tom, and notably the president here escalating pressure on Cuba, that communist island right now. Significant because what he's what he's discussing doing is now putting tariffs on countries tha ...

The ECB is expected to keep interest rates unchanged at least through the end of next year, with calls for a hike in 2026 receding https://t.co/vsdMF6dB1z ...

The US economy expanded at a solid pace last year and is coming into 2026 on a firm footing. In support of our goals today, the Federal Open Market Committee decided to leave our policy rate unchanged. Essentially, the economy has once again surprised us with its strength. >> That's true. Will enjoy it while it lasts. The Fed is pausing rate cuts for the first time since July, and President Trump isn't happy about it. writing on True Social that the Fed is hurting America and our national security and costi ...