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James Thornton
James Thornton
Finance & Economy Editor

James covers Wall Street, the Federal Reserve, trade policy, and the intersection of politics and financial markets.

76 articles published

Trump Confirms U.S. Considering Emergency Currency Swap for UAE Amid Iran Conflict
Finance
Trump Confirms U.S. Considering Emergency Currency Swap for UAE Amid Iran Conflict
President Trump confirmed the United States is considering a currency swap arrangement with the United Arab Emirates, a
Democrats Demand Warsh Hearing Delay Over Opaque $200M Portfolio, Druckenmiller Ties
Finance
Democrats Demand Warsh Hearing Delay Over Opaque $200M Portfolio, Druckenmiller Ties
Senate Democrats are pushing to delay Kevin Warsh's confirmation hearing for Federal Reserve chair, demanding full trans
Kevin Warsh Faces Senate Scrutiny as Trump's Nominee for Federal Reserve Chair
Finance
Kevin Warsh Faces Senate Scrutiny as Trump's Nominee for Federal Reserve Chair
Kevin Warsh, President Trump's nominee for Federal Reserve Chair, appears before the Senate Banking Committee for a conf
Parental Wealth Transfers Drive Nearly 30% of Young Homeownership, Study Finds
Finance
Parental Wealth Transfers Drive Nearly 30% of Young Homeownership, Study Finds
A Realtor.com study shows parents are increasingly using home equity to fund down payments for Gen Z buyers, making them
Senate GOP Blockade Threatens Trump's Bid to Replace Fed Chair Powell
Finance
Senate GOP Blockade Threatens Trump's Bid to Replace Fed Chair Powell
President Trump's long-running feud with Federal Reserve Chair Jerome Powell is jeopardizing his plan to install success
Mortgage Rates Hold Below 7% as Fed Weighs Cuts Amid Global Uncertainty
Finance
Mortgage Rates Hold Below 7% as Fed Weighs Cuts Amid Global Uncertainty
National mortgage rates continue to hover below the 7% threshold following a recent dip, with the Federal Reserve signal
Trump's 2027 Budget Plan Undermines His Own Trade War Ambitions Through Persistent Deficits
Finance
Trump's 2027 Budget Plan Undermines His Own Trade War Ambitions Through Persistent Deficits
President Trump's 2027 budget request projects sustained deficit spending through 2036, creating a direct contradiction
Trump Escalates Feud with Fed Chair Powell, Threatens Firing Amid DOJ Probe
Finance
Trump Escalates Feud with Fed Chair Powell, Threatens Firing Amid DOJ Probe
The Washington Post editorial board criticized President Trump's threats to fire Federal Reserve Chair Jerome Powell, ca
Markets Rally on Middle East Ceasefire, Hormuz Opening as Geopolitical Tensions Ease
Finance
Markets Rally on Middle East Ceasefire, Hormuz Opening as Geopolitical Tensions Ease
Major U.S. stock indices climbed Friday following the implementation of a U.S.-brokered ceasefire between Israel and Leb
Survey: Nearly One-Third of BNPL Users Now Finance Groceries as Dependence on Short-Term Loans Grows
Finance
Survey: Nearly One-Third of BNPL Users Now Finance Groceries as Dependence on Short-Term Loans Grows
A LendingTree survey shows 29% of buy now, pay later users have financed groceries, double the rate from two years ago,
IRS Penalties Mount as Tax Day Deadline Arrives for Millions of Filers
Finance
IRS Penalties Mount as Tax Day Deadline Arrives for Millions of Filers
The April 15 tax filing deadline triggers immediate IRS penalties for late returns or unpaid balances, with failure-to-f
IRS Reports 11% Surge in Average Tax Refunds as Filing Deadline Arrives
Finance
IRS Reports 11% Surge in Average Tax Refunds as Filing Deadline Arrives
Tax Day has arrived with the IRS reporting significantly larger refunds for millions of Americans. The average refund ha
IRS Tax Filing Extension Deadline Approaches: Key Procedures and Penalty Risks
Finance
IRS Tax Filing Extension Deadline Approaches: Key Procedures and Penalty Risks
The IRS offers taxpayers an automatic six-month filing extension until October 15, but any estimated tax owed must still
Fed's Hammack Signals Extended Rate Pause Amid Geopolitical, Inflation Uncertainty
Finance
Fed's Hammack Signals Extended Rate Pause Amid Geopolitical, Inflation Uncertainty
Cleveland Fed President Beth Hammack indicated the central bank will likely maintain current interest rates for an exten
House GOP to Spotlight Permanent Trump Tax Cuts in Tax Day Press Conference
Finance
House GOP to Spotlight Permanent Trump Tax Cuts in Tax Day Press Conference
House Republicans will hold a press conference Wednesday morning to promote the permanent tax cuts and new worker-focuse
IMF Projects Global Growth Slowdown, Inflation Spike from Iran War Fallout
Finance
IMF Projects Global Growth Slowdown, Inflation Spike from Iran War Fallout
The International Monetary Fund warns the war in Iran will slow global economic growth and accelerate inflation, with lo
Bessent Backs Fed Patience on Rates Amid Iran Conflict, Signals Future Cuts
Finance
Bessent Backs Fed Patience on Rates Amid Iran Conflict, Signals Future Cuts
Treasury Secretary Scott Bessent expressed support for the Federal Reserve holding interest rates steady at its upcoming
Warsh Discloses $130M+ Fortune Ahead of Fed Chair Confirmation Hearing
Finance
Warsh Discloses $130M+ Fortune Ahead of Fed Chair Confirmation Hearing
Kevin Warsh, President Trump's nominee for Federal Reserve chair, has filed financial disclosures revealing assets betwe