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Tariffs, the Fed and America’s crumbling reserve currency – the economic volatility is painting a gloomy fiscal picture that will result in a recessionary slowdown, according to one expert."The dollar is weakening, and that always leads to future inflation," Forbes Media Chairman and editor-in-chief Steve Forbes said on "Varney & Co." Monday."Since 2023, gold's gone from $1,800 to $3,400 an ounce. That's a sure sign we're going to have a […]

Stocks fell on Monday as investors watched for signs of progress on trade talks, and after President Donald Trump continued criticizing Federal Reserve Chairman Jerome Powell.The Dow Jones Industrial Average tumbled more than 1,200 points, or 3.2%, while the S&P 500 and Nasdaq Composite were down 3.2% and 3.4%, respectively.Trump, in a post on Truth Social, attacked Powell and claimed energy costs and food prices are "substantially lower" and that […]

World Economic Forum founder Klaus Schwab, who recently turned 87, has stepped down from the organization's board of trustees."Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect," Schwab told the board, according to a WEF news release.The WEF's board of trustees includes notable figures such […]