Fed Chair Powell Is Playing Politics, Trump Says

President Donald Trump says he’s not happy with the job Federal Reserve Chair Jerome Powell is doing. He says Powell is “playing politics,” and interest rates should be coming down. Trump spoke to reporters in the Oval Office. (Source: Bloomberg)

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‘Quality’ Stocks Aren’t What They Seem in This Market. What It Means for Investors.

Higher-quality companies haven’t produced the stock price returns investors normally expect. Classic market theory says shares of higher-quality companies—those with stronger brands, competitive barriers around their businesses, pricing power, cash-rich balance sheets, and high profit margins—hold up the best when stocks head south, as they have recently. The idea is that quality companies can more easily lift prices and maintain their sales figures, making them unlikely to lose money during a recession.

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Trump Threatens Harvard’s Tax-Exempt Status

Harvard University pushed back against the US government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America. Urban Institute Nonresident Senior Fellow Sandy Baum has more on the story. (Source: Bloomberg)

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Retailers Are Directly Blaming Tariffs for New Price Increases

One stroller company is warning customers that price hikes due to new US tariffs are unavoidable, while an environmentally friendly cleaning-product brand is providing an itemized list of goods that are getting more expensive. A luggage retailer, meanwhile, has described the situation as “a complete dumpster fire.”

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