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The Latest Breaking News from the Senate Banking Committee

Stock Market Today: Stocks end mixed on tariff risks; Powell testimony in focus

Updated at 4:48 PM EST Stocks ended mixed Tuesday, as markets reacted to the latest round of tariffs from President Donald Trump and awaited comments on its effects for the U.S. economy from Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average climbed 123.24 points, or ...

The Street

Stocks Settle Higher and Brush Aside Tariff Concerns

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.24%. March E-mini S&P futures (ESH25 ) rose by +0.59%, and March E-mini Nasdaq futures...

Barchart

Stocks Push Higher on Strength in Metal Producers and Chip Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.73%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.35%. March E-mini S&P futures (ESH25 ) are up by +0.71%, and March E-mini Nasdaq...

Barchart

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Stocks See Support from Metal Producers after Trump Slaps Tariffs on Steel and Aluminum

The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.87%. March E-mini S&P futures (ESH25 ) are up by +0.35%, and March E-mini Nasdaq...

Barchart

Have U.S. Long-Term Interest Rates Peaked?

U.S. long-term interest rates remain stubbornly high in February 2025. While the Fed continues to cut the short-term Fund Funds Rate, the U.S. 30-year Treasury bond futures remain not far from the most recent February 2023 low as they consolidate and search for direction.

Barchart

Bitcoin Reserve Advocate Lands Appointment. BlackRock CEO Lobbies For Crypto.

Sen. Cynthia Lummis was voted to lead a new subcommittee on digital assets. BlackRock, MARA execs lobby for crypto.

Investors Business Daily

Biggest Losers of 2024: Black MAGA

Despite efforts to curry favor with Trump this year, Black MAGA figures were snubbed or dropped altogether

Salon

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Next Senate Banking Committee Chair Sees Crypto As A Potential Catalyst For Financial Democracy

Sen. Tim Scott will lead the Senate Banking Committee in 2025, and he has promised to champion change for the crypto industry, particularly on policies that stifle innovation at home turf.

International Business Times

Incoming Senate chairs expected to rein in infrastructure dollars - Roll Call

Republicans’ incoming Senate majority could stall an effort to boost transportation and infrastructure spending.

Roll Call

Tim Johnson, former Senate Banking chair, dies at age 77 - Roll Call

Former Sen. Tim Johnson, D-S.D., who served nearly three decades and chaired the Senate Banking Committee, has died at the age of 77.

Roll Call

Crypto industry spends big to boost GOP

Moreno is challenging Democratic incumbent Sen. Sherrod Brown in what's considered a must-win race for both parties

Salon

Vance says Republicans are done ‘catering to Wall Street’ - Roll Call

Sen. JD Vance, the GOP nominee for vice president, is done ‘catering to Wall Street’ and puts financial issues in a social context.

Roll Call

Federal Reserve Considers Cutting Interest Rates Amid Cooling Job Market

Federal Reserve considers shifting focus from inflation to job market due to cooling economy.

Top News

Federal Reserve faces a cooling job market as Chairman Powell suggests move towards cutting interest rates

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

The Independent UK

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The Street

Stock Market Today: Stocks extend record run with Powell in focus

Fed Chairman Jerome Powell begins the first of two appearances on Capitol Hill later today in front of the Senate Banking Committee.

Barchart

Powell, CPI and Other Can't Miss Items this Week

This week the news is mostly backloaded to the second half of the week with PPI, CPI, and Sentiment all due out as well as bank earnings starting on Friday.

The Independent UK

FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture

Federal Deposit Insurance Corp. Chairman Martin Gruenberg is sitting for a second day of grilling on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency’s toxic workplace culture was released last week

The Street

Despite major growth, the cannabis industry is facing a huge roadblock

The legislative process could be daunting for the burgeoning marijuana industry.

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The Street

Senate cannabis bill gets bipartisan support in successful vote

Cannabis consumers, investors and business owners should be pleased with the result of Wednesday's vote.

Fortune

Sen. Gillibrand wants her fellow Democrats to get on board with crypto legislation

Digital asset regulation has become a partisan issue, especially as a government shutdown looms.

Fortune

‘Most comprehensive proposal to date’: Lummis and Gillibrand to reintroduce landmark crypto bill

The long-awaited legislation would tackle thorny questions like market structure and stablecoin oversight.

The Independent UK

Biden's 3 Federal Reserve nominees appear likely to win Senate approval

President Joe Biden’s three nominees for the Federal Reserve’s Board of Governors pledged to fight inflation during a confirmation hearing that drew only modest pushback from Republican members of the Senate Banking Committee

Barchart

Markets Doubt FOMC Will Follow Through on its Forecast for +50 bp Rate Hike

Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...

The Street

Stocks Edge Higher, Powell Testimony In Focus, FedEx Earnings, Tesla Boost, Titan Rescue Latest - 5 Things To Know

Stock futures steady as markets eye Powell testimony; Fed Chair Powell faces senate banking committee as markets test rate path; FedEx shares slide after mixed Q4 earnings, muted demand outlook; Tesla extends gains on China EV stimulus, Texas charging station rules and Titan searchers hear noises as hopes rise for…

Zenger

Powell To Face Congress Amid Criticism Over Fed’s Policy Stance

Questions on interest rates, banking regulation, and inflation to be raised during Powell's testimony.

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