Breaking News: Markets

Bank of Korea cuts benchmark lending rate by 25 basis points in a surprise move

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A pedestrian walks past signage for the Bank of Korea in Seoul, South Korea, on Monday, Nov. 22, 2021. SeongJoon Cho | Bloomberg | Getty Images South Korea’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 3% in a surprise move. Economists polled by Reuters had estimated the bank … Read more

Donald Trump selects Kevin Hassett to lead National Economic Council

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President-elect Donald Trump picked Kevin Hassett to lead the National Economic Council, a role that puts him at the center of the administration’s policy-making discussions from trade to taxes and deregulation. Trump made the announcement in a post on Truth Social. He also tapped attorney Jamieson Greer on Tuesday to serve as the U.S. Trade Representative, rounding out … Read more