Bank of America raises gold forecast, noting Trump threat to Federal Reserve independence
The Wall Street investment bank said it remains bullish on gold, “with a short-/medium-term target of US$4,000/oz.”
Trump revokes Secret Service protection for former Vice President Kamala Harris
Vice presidents typically only get six months of protection after they leave office, but President Biden signed a memorandum in January extending Harris’ protection to 18 months.
Here are Friday’s biggest analyst calls: Nvidia, Tesla, Dell, Marvell, Oracle, Dollar Tree, Deckers, Ulta, Gap & more
Here are the biggest calls on Wall Street on Friday.
Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe
The de minimis exemption, an obscure trade law provision, came to an end globally on Friday, setting off a panic across the retail industry.
Trump asks judge to allow Lisa Cook firing without delay; Fed seeks only ‘prompt ruling’
A court hearing could end with Fed Governor Lisa Cook remaining on the job while her lawsuit challenging her firing by President Donald Trump plays out.
Core inflation rose to 2.9% in July, highest since February
The personal consumption expenditures price index was expected to show core inflation at 2.9% and headline inflation at 2.6%.
Stocks making the biggest moves premarket: Alibaba, Ulta, Dell Technologies, Caterpillar & more
See which stocks are posting big moves before the bell.
Bank of America downgrades chipmaker Marvell Technology on lower growth outlook
Shares have pulled back more than 30% in 2025.
End of de minimis shipping could be biggest Trump tariff of all for many U.S. businesses
Trump’s removal of duty-free shipping for low-value packages from overseas will hit small and medium-sized businesses with steep trade war costs.
Fed’s Waller, a candidate for chair, sees potential for half-point cut if labor market weakens further
Waller said he believes the Fed can use its power over rates to stave off further labor market weakening. “So, let’s get on with it,” he said.