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Money & Markets

Wall Street is rattled as Trump says he discussed firing Powell

NEW YORK — President Donald Trump sent the U.S. stock market on a jagged round trip Wednesday after saying he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates it loves but would also risk a weakened ...

US stocks approach their all-time high as oil prices tumble

NEW YORK — U.S. stocks rose toward their all-time high on Tuesday after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude. The S&P 500 climbed 1.1 percent, following up on big gains for stocks across Europe and Asia, after President ...

Stop making cents: US Mint moves forward with plans to kill the penny

WASHINGTON — The Trump administration says making cents doesn’t make sense anymore. The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. This move comes as the cost of making ...