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Kyle Fitzgerald

Kyle Fitzgerald

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Kyle Fitzgerald is a business reporter who joined The National in 2021. Based out of Washington DC, Kyle primarily covers the Federal Reserve and economic policy. He previously worked for the US Sun and covered two Olympic Games for NBC Sport Group, where he was part of an Emmy-award winning team. Kyle received his master's degree from the University of Westminster in London and his bachelor's at St John's University in Queens, New York.
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Egypt's cabinet said Saudi Crown Prince Mohammed bin Salman has directed his country's sovereign wealth fund PIF to invest $5 billion in the country. AFP
Saudi sovereign wealth fund to invest $5bn in Egypt

Cairo says injection is 'first phase' of kingdom's investments

BusinessSeptember 16, 2024
Jerome Powell has faced relentless criticism from Donald Trump for the Fed's rapid and substantial interest rate rises. Reuters
Fed's likely interest rate cut collides with 2024 US election

Potential political interference in interest rate decisions raises concerns about the Federal Reserve's autonomy and future economic stability

EconomySeptember 16, 2024
The changes 'improve the tiering of the proposal and better reflect risks', says Fed vice chairman for supervision Michael Barr. Reuters
Fed to cut capital requirements for large banks under new Basel III plan

New plan would affect major banks such as Goldman Sachs and comes after strong opposition to earlier proposal

BankingSeptember 10, 2024
The Federal Reserve building in Washington. The Fed is widely expected to cut US interest rates when it holds its September 17-18 meeting. Reuters
Size of US interest rate cut in question after mixed hiring data

Federal Reserve Governor Christopher Waller suggests central bank is leaning towards quarter-point cut

EconomySeptember 06, 2024
Republican US presidential candidate Donald Trump. AP
Donald Trump proposes creating a US sovereign wealth fund

Former president says his across-the-board tariffs would be used to supply fund

USSeptember 05, 2024
A construction project in Riyadh. Saudi Arabia has launched several major developments under its Vision 2030 plan to diversity the economy. AFP
IMF urges Saudi Arabia to continue structural reforms

Growth expected to increase in medium term, driven by stronger demand as kingdom focuses on Vision 2030 plan

EconomySeptember 04, 2024
Newer. version
Chart of the weekFentanyl responsible for 81% of overdose deaths in young Americans

US death toll involving the synthetic opioid has risen 32% since 2017

USSeptember 03, 2024
About 19,000 cases of mpox have been reported since the beginning of this year. Reuters
Global population at risk as Big Pharma considers mpox as African problem

Smaller vaccine developers are trying to fill gap as WHO declares disease a global health emergency twice in two years

MarketsSeptember 01, 2024
Nvidia shares ended down more than 6 per cent on Thursday after its third-quarter forecast failed to live up to investors' expectations. Reuters
Nvidia shares tumble after forecast but Dow sets new record

AI chip maker's stock falls more than 6 per cent, while strong economic data props up Dow Jones

MarketsAugust 29, 2024
Fitch Ratings affirmed the US's 'AA+' credit rating. Reuters
Fitch: US outlook stable with election unlikely to change fiscal policy

Agency affirms 'AA+' rating for US because of its strengths as world's largest economy and financial flexibility

EconomyAugust 29, 2024
Nvidia and other tech companies have led a Wall Street rally this year that saw the S&P 500 reach record highs. Bloomberg
Nvidia shares slide despite record sales

CEO Jensen Huang says there is 'incredible' anticipation for Blackwell chip

TechnologyAugust 28, 2024
Berkshire Hathaway chairman Warren Buffett. AP
Warren Buffett's Berkshire Hathaway tops $1tn in market value

Conglomerate becomes first US company outside tech sector to reach milestone

MarketsAugust 28, 2024
Royal Saudi Air Force F-15 Strike Eagles break away from a formation with a US Air Force B-1B Lancer over the Red Sea as part of a presence patrol above the US Central Command’s area of responsibility Oct. 30, 2021. Photo: US Air Force
US return of offensive weapons sales to Saudi Arabia set to boost revenue

Riyadh is the world's largest importer of US arms

BusinessAugust 25, 2024
Federal Reserve Chairman Jerome Powell, right, said the recent cooling in the US labour market is 'unmistakable'. Bloomberg
Jerome Powell's new priority is protecting the US labour market

With the inflation battle all but over, the Fed chairman pivots towards ensuring the US avoids a recession

EconomyAugust 24, 2024
Federal Reserve chairman Jerome Powell outside the Jackson Hole Economic Symposium at Jackson Lake Lodge in Grand Teton National Park near Moran, Wyoming. AP
Play
Fed chairman says 'the time has come' to cut US interest rates

Fed chairman says cooling in labour market is 'unmistakable'

EconomyAugust 23, 2024
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