Ghislaine Maxwell on September 20, 2013 in New York City.Laura Cavanaugh | Getty ImagesA top Department of Justice official questioned imprisoned Jeffrey Epstein accomplice Ghislaine Maxwell about interactions with President Donald Trump — Epstein’s former friend — during a two-day interview in July, newly released transcripts revealed Friday.Deputy Attorney General Todd Blanche asked Maxwell, “Did you ever hear Mr. Epstein or anybody say that President Trump had done anything inappropriate with masseuses or with anybody in your world?” according to the transcripts.”Absolutely never, in any context,” said Maxwell during the interview at the federal courthouse in Tallahassee, Florida.”I actually never…
Author: usaeverydaylife
Lisa Cook, governor of the US Federal Reserve, during the Federal Reserve Board open meeting in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty ImagesCurrent and former Federal Reserve officials struck a common note when asked about Lisa Cook’s situation: It’s imperative the central bank’s independence is preserved. Cook, a Fed governor nominated in 2022 by then-President Joe Biden, has faced attacks over accusations of mortgage fraud from Federal Housing Finance Agency Director Bill Pulte. Justice Department attorney Ed Martin also urged Chair Jerome Powell to fire Cook from her post and confirmed a…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : Stocks were headed for a positive week, thanks to a big rally on Friday in reaction to Federal Reserve Chairman Jerome Powell ‘s speech at the annual Jackson Hole economic symposium. Heading into the address, the market was unsure if Powell was going to hint at a possible interest rate cut at next month’s central bank policymaking meeting. So, the market jumped upon hearing Powell talk about growing…
Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty ImagesIntel shares rose about 6% on Friday after Bloomberg reported that the Trump administration is poised to announce that the U.S. government will take an equity stake in the struggling chipmaker.Following the report, President Donald Trump said the government should get about 10% of the company, which has a market cap of just over $100 billion. “They’ve agreed to do it and I think it’s a great deal for…
Lyft (LYFT) , having declined from $70 to $10 in 2021-2022, has been bottoming out ever since, and it’s trading in a three-year range between $10 and $21 ever since. Currently at $16 a share, the stock is in a position to advance to the top of the range, and even higher. A major bottoming-out formation is taking place. On top of that, the stock is starting to move above an important five-year downtrend line — and an important break above said line. LYFT has been rangebound for four years between $10 and $21. We think the stock is on its way back…
FBI members carry boxes to the home of the former White House national security adviser John Bolton as it is searched by FBI, in Bethesda, Maryland, U.S., August 22, 2025. Tasos Katopodis | ReutersThe law-enforcement investigation of former Trump national security advisor John Bolton is “in the very early stages,” Vice President JD Vance said on the heels of the FBI’s raid of Bolton’s Maryland home on Friday morning. Vance, in a new interview with NBC News’ Kristen Welker, said that classified documents are “certainly part of” that probe, but “there’s a broad concern about Ambassador Bolton.”Bolton is not being targeted…
Gold has long been viewed as a safe-haven investment, and money has typically flowed into the asset as a hedge during uncertainty and volatility.This year, the tailwinds around tariffs and inflation have pushed the precious metal to a string of record highs. It’s also helped to bolster the growing number of gold-focused ETFs, which can offer the same hedge and protection more easily within a portfolio.”We are seeing unprecedented levels in terms of interest for the gold market, in particular gold-backed exchange-traded funds,” Joe Cavatoni, World Gold Council managing director, told CNBC’s Leslie Picker on a recent edition of CNBC’s…
Cleveland Federal Reserve President Beth Hammack said Friday she would be hesitant about lowering interest rates as long as inflation remains a threat.In a CNBC interview, the policymaker did not share the market’s enthusiasm for a cut, sparked after Chair Jerome Powell’s keynote speech earlier in the morning stating that current conditions “may warrant” policy easing.”I heard I heard that the chair is open-minded about what the right stance of policy is going to be and what the right decision is going to be in September,” Hammack said. “We’ve been above our [inflation] target for four years, and we need…
Federal Reserve Chair Jerome Powell just wrapped up his speech at the central bank’s annual economic conference in Jackson Hole, Wyoming. His tone? Definitively dovish. It’s no surprise that the market is flying in response, especially the stocks that really need rate cuts to stoke profits. While Powell was sure to highlight the upside risks to inflation, he also indicated he believes it’s most likely that the Trump administration’s elevated tariffs will be a one-time hit to prices rather than the start of an inflationary spiral — though he was sure to note that a “one-time” hit doesn’t mean you…
Omar Marques | Lightrocket | Getty ImagesThe price of ether rebounded to near-record levels on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode.The second largest cryptocurrency was last higher by 12% at $4,738.91, according to Coin Metrics. Last week, ether nearly touched its 2021 all-time high of $4,866.01, before falling as low as the $4,000 level this Tuesday.Bitcoin rose 3% to $116,191.09.Stock Chart IconStock chart iconEther (ETH) bounces after Powell’s Jackson Hole speechThe moves came during Powell’s annual address from Jackson Hole, Wyo. He said, “With policy in restrictive territory,…
