Powell Silence on His Future Complicates Trump Fed Chair Search
The Fed chief has repeatedly declined to say whether he will step down when his four-year term as chair expires in May, or remain on the Fed board — something he could technically do until his tenure as a governor expires in January 2028. The prospect of Powell remaining at the central bank has prompted administration officials to begin planning for multiple scenarios for his replacement, as Trump seeks a chair who will support his economic agenda.
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Yahoo
33 minutes ago
- Yahoo
10 Electronics To Buy Now Before Tariffs Put Them Out of Reach for the Middle Class
Whether it's a smartphone or a speaker, the prices for electronics are expected to increase across the U.S. because of President Donald Trump's tariffs. The Consumer Technology Association (CTA) released a new report conducted by the Trade Partnership Worldwide (TPW) that details potential price increases for retail buyers. The CTA argues that the tariffs could reduce American consumers' purchasing power by $123 billion. Learn More: Try This: Here are 10 electronics with an average retail price that's predicted to increase, according to the report. Consumers can expect to see smartphone prices rise by about 31% and with a lost consumer spending power of $31.2 billion. The technology research firm International Data Corporation has lowered its smartphone shipment growth forecast to 0.6% year-over-year citing in part the tariffs. An entirely U.S.-made iPhone could cost as much as $3,500 compared to its current price of about $800. Be Aware: Most batteries and their components currently come from China. The consumer price of lithium-ion batteries could increase 18%. On top of expected tariffs, there was already a 3.5% tariff on all lithium-ion batteries and a 7.5% tariff on batteries from China that's set to increase to 25% next year. Retail buyers will need to hear this out: Speaker and headphone phone prices could rise by 22%. An increased cost of lithium batteries and processors, common in headphones, could directly increase production costs. Consumers can expect to see about a 69% increase for video game consoles prices. This could mean a $428 potential average retail cost increase. 'You need to think hard about what you need to buy now, and what can wait for the tariffs to pass,' said Dr. Jay Zigmont, a certified financial planner who recently decided to buy a new gaming PC in light of the looming impact of tariffs. Laptops and tablets could increase by 34% with a potential average retail cost increase of $269 for laptops and $152 for tablets. Many of the most affordable laptops are currently manufactured in China, so a tariff could push even basic models out of reach for budget-conscious shoppers. Consumers can watch for the price of TVs to rise about 11%. 'Monitors and TVs are affected too because they've been aggressively commoditized,' said Marty Bauer, e-commerce expert at Omnisend. 'People are used to getting large screens at low prices, but those prices are built on thin margins and efficient supply chains.' The average retail price of monitors are expected to go up by about 32%. A potential average retail cost increase of $111. The price of connected devices such as routers and modems could rise by 22%. 'They're often overlooked, but they're essential and largely imported,' says Bauer. 'A price hike could not only hurt consumers, but also slow adoption of faster home internet, which in turn would limit access to streaming, remote learning and remote work.' Computer accessories prices could increase 25% for retail buyers. This could mean a $58 increase for printers. Logitech has raised its prices as much as 25% recently on their PC and gaming accessories, as reported in The Verge. Tariffs could increase the cost of various individual computer parts. Desktop computer prices could rise by 24% with a potential average retail cost increase of $287. More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on 10 Electronics To Buy Now Before Tariffs Put Them Out of Reach for the Middle Class
Forbes
34 minutes ago
- Forbes
Wild New Satoshi Nakamoto Theory Emerges From Massive $8 Billion Bitcoin Transfer Mystery
Bitcoin has rocketed higher over the last 10 years, confounding its critics and making its mysterious creator Satoshi Nakamoto potentially one of the world's richest people. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" Bitcoin's rise, which some think could be just getting started, has sparked huge interest in the identity of Satoshi Nakamoto, who has remained anonymous despite multiple attempts to unmask them. Now, as a perfect storm is heading toward bitcoin, a $8.6 billion anonymous bitcoin transfer just weeks after Arthur Britto, a cofounder of Ripple's XRP, broke a 14-year silence has sparked wild speculation he could be Satoshi Nakamoto. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run Satoshi Nakamoto, the mystery creator of bitcoin, could be worth over $100 billion. Last month, Arthur Britto, the mysterious cofounder of Ripple's XRP Ledger who created it along with Jed McCaleb and David Schwartz in 2012, posted to X for the first time since creating his account in August 2011—a message consisting of just an emoji of a face without a mouth. Britto's reappearance after over a decade of obscurity was seized on by holders of Ripple's XRP, who speculated about what the timing of his return might mean just as the XRP price has soared to levels not seen since 2017 over the last year. Britto—in contrast to McCaleb and Schwartz who are both public figures in the world of bitcoin and crypto—has no verified photographs online and has never given an interview, cultivating a degree of mystery to rival Satoshi Nakamoto. "Satoshi's last known message was in April 2011," one XRP fan account posted to X, going on to suggest bitcoin was merely a precursor to XRP. 'May 2011: David Schwartz starts building the XRP Ledger. August 2011: Arthur Britto joins Twitter. Now, 14 years later Britto reappears… and 14 years old dormant bitcoin wallets just moved.' On Friday, bitcoin saw its largest transfer on record, with more than $8 billion worth of bitcoin that were mined during the network's earliest days that's sometimes called the 'Satoshi era' moving for the first time. Eight wallets were spotted moving 10,000 bitcoin each to new addresses, with the identity of the wallets' owner remaining unknown—though one researcher speculated they might belong to Roger Ver, an early bitcoin investor known as bitcoin Jesus before backing a bitcoin fork called bitcoin cash and running afoul of the U.S. IRS over $48 million of tax it claims is owed. The 80,000 bitcoin are now in new wallets using a modern address format, something that could have been done to prevent against future quantum computing attacks. "Sure would be interesting if someone like Arthur Britto happened to control Satoshi's BTC wallet," another X user posted, while others also fanned the flames of the theory that included speculation David Schwartz might be Satoshi Nakamoto. 'What if I told you Satoshi has been hidden in plain sight this entire time,' another XRP fan account posted alongside a photo of Schwartz apparently taken in 2012, in which he's sporting a bitcoin miner t-shirt. Schwartz has previously denied he's Satoshi Nakamoto, posting to X that theories suggesting he developed bitcoin with former Ripple executive and engineer Nik Bougalis are, "not true, but it's plausible." Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has hit a record high this year, making bitcoin founder Satoshi Nakamoto's bitcoin ... More believed to be worth over $100 billion. Satoshi Nakamoto has been linked to dozens of different people over the the years by internet sleuths, researchers and reporters, from an obscure, now deceased computer scientist called Hal Finney all the way through to Tesla billionaire Elon Musk and Twitter founder Jack Dorsey (one crypto exchange executive has claimed Satoshi Nakamoto's identity might already be known by some). Just last year, HBO documentary film maker Cullen Hoback named Peter Todd, a bitcoin core developer who has been involved with bitcoin since 2010, as who he believes to be the real-world identity of Satoshi Nakamoto, though he failed to produce proof. Almost all of the most likely names associated with the Satoshi Nakamoto name have denied they are Satoshi Nakamoto, except for Australian computer scientist Craig Wright, who fought a multi-year legal campaign to be recognised as bitcoin's creator despite being unable to produce evidence.
Yahoo
34 minutes ago
- Yahoo
2026 expected to be yearlong celebration as America turns 250 years old
This year's Northern Colorado Fourth of July celebrations have just wrapped up, but next year those celebrations, including fireworks displays, could burn brighter as America celebrates its 250th birthday in 2026. The nation's bicentennial in 1976 was a year in which Americans celebrated in earnest, not just over the Fourth of July holiday. President Donald Trump has said Americans can expect much of the same the entire year in 2026, predicting the celebration under his watch will reach "extraordinary" levels. Trump is scheduled to visit Iowa this month to kick off the celebration of America's 250th birthday. America will celebrate its semiquincentennial throughout 2026, culminating on Independence Day. The U.S. Continental Congress adopted the Declaration of Independence 249 years ago, on July 4, 1776. In January, Trump signed an executive order that created Task Force 250. As outlined by the order and headed by Trump, Task Force 250 is responsible for planning and executing "an extraordinary celebration of the 250th anniversary of American independence" on July 4, 2026. The task force is also responsible for the creation of the National Garden of American Heroes, a sculpture garden first proposed by the president in 2020 that is scheduled to open in July 2026. The United States Semiquincentennial, also known as America250, is a nonprofit dedicated to the celebration of the 250th anniversary across the country. The America250 site lists more than a dozen corporate partners, including Amazon, Coke and Walmart, and has information on events scheduled so far at states throughout the country. Gannett News Service contributed to this report. This article originally appeared on Fort Collins Coloradoan: America turns 250 years old in 2026. Yearlong celebrations expected
