Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in eight months.
Jerome Powell said Wednesday that he will continue to serve on the board of governors of the Federal Reserve after his chairmanship of the central bank ends next month.
As Defense Secretary Pete Hegseth faces questioning from lawmakers Wednesday for the first time since the Trump administration launched the war against Iran, his department admitted that the Iran war has cost an estimated $25 billion to date.
The Supreme Court of Virginia denied a request by Democrats to pause a Tazewell County judge’s ruling to block the state from certifying the election results of last week’s redistricting referendum.
