Nobel winner Joseph Stiglitz has a warning for bond investors

U.S. long-term borrowing costs came under pressure this week — but the bond market may still not be fully factoring in the fiscal challenge facing the world’s biggest economy, according to Nobel-winning economist Joseph Stiglitz. “I think we’ll be able to finance the U.S. government,” Stiglitz told CNBC’s Steve Sedgwick on Friday at the annual…

Obama slams Trump’s use of National Guard to help cities fight crime as ‘dangerous trend’

NEWYou can now listen to Fox News articles! Former President Barack Obama warned of “dangerous trends” emerging from the Trump administration, saying its policies “put the liberties of all Americans at risk.” On X, Obama cited an interview with Ezra Klein of The New York Times and a journalist on “The Ezra Klein Show,” during…

Trump’s Fed firing: What to know and why it matters

President Donald Trump sent shockwaves through global markets Monday night by saying he would fire Federal Reserve Board Governor Lisa Cook. Trump’s decision not only put investors and economists on alert, but brought attention to the complicated innerworkings of the U.S. central bank. It also marks the latest escalation of Trump’s monthslong pressure campaign against…

Trump administration revokes clearances of 37 current and former U.S. officials

Tulsi Gabbard, the director of national intelligence, said Tuesday in a memo posted on X that the Trump administration is revoking the security clearances of 37 current and former national security officials. She accused them of having engaged in the “politicization or weaponization of intelligence” to advance personal or partisan goals, failing to safeguard classified…

Chicago residents call Obama Presidential Center a ‘monstrosity,’ fear they’ll be displaced: report

NEWYou can now listen to Fox News articles! Chicago community leaders and longtime residents say the Obama Presidential Center risks washing away the neighborhood’s fabric, warning that proposed luxury developments tied to the project could price out families who have long called the South Side home, according to a report. They also say the sprawling…