The Latest Breaking News on Trump’s Powell threats sink stocks in rocky start to trading week

Global financial markets have been turned upside down this year by President Donald Trump’s burgeoning trade war

When politics interferes with the central bank’s ability to set monetary policy, inflation tends to be the result.

The S&P 500 Index ($SPX ) (SPY ) today is down -2.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.52%. June E-mini S&P futures (ESM25 ) are down -2.37%, and June E-mini Nasdaq futures...

The dollar index (DXY00 ) today is down -0.94% and fell to a new 3-year low. The dollar is selling off today on a renewed crisis of confidence in the dollar after National Economic Council Director Hassett said President Trump was contemplating the possibility of firing Fed Chair Powell. The...

Gold and bitcoin are rallying as foreign investors shun U.S. financial assets, S&P 500 tumbles.

The S&P 500 Index ($SPX ) (SPY ) today is down -1.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.59%. June E-mini S&P futures (ESM25 ) are down -1.33%, and June E-mini Nasdaq futures...

Chicago Fed Chief Austan Goolsbee defends the independence of the Federal Reserve amid President Trump's push to remove Fed Chair Jerome Powell.

The president said the central bank should lower interest rates, but Powell demurred – and now Trump wants him out

June S&P 500 E-Mini futures (ESM25) are down -1.09%, and June Nasdaq 100 E-Mini futures (NQM25) are down -1.23% this morning, pointing to a sharply lower open on Wall Street as U.S. President Donald Trump’s threats to fire Federal Reserve chief Jerome Powell weighed on sentiment.