WASHINGTON — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed…
The U.S. will impose a 15% tariff on imports of European cars, pharmaceuticals and other products, according to a joint statement announced Thursday by the Trump administration and European Union. The pact also calls for the 27-member EU to eliminate tariffs on all American industrial exports and to offer preferred terms for some seafood and…
Key Points The U.S. stock market faces two serious problems: tariffs imposed by the Trump administration and a historically high valuation. Recent economic data suggests President Trump’s tariffs have led to weakness in the labor market and higher producer prices. The S&P 500 currently trades at 22.5 times forward earnings, a valuation that has always…
Trump’s investments include Meta, Wells Fargo, Morgan Stanley, Citigroup, and T-Mobile, according to filing. United States President Donald Trump has bought more than $100m in company and municipal bonds since his return to the White House, financial disclosures show, providing a window into the management of the billionaire’s wealth in office. The filings released by…
President Donald Trump is pursuing an unusual strategy — courting Russian President Vladimir Putin, holding fire on Beijing, all the while turning the screws on a close ally: India. Despite India being one of the earliest nations to engage in negotiations with the Trump administration, there is still no sign of it sealing a deal…
Hong Kong’s restaurant sector is in crisis, with a wave of closures, shrinking margins and residents lured by cheaper options locally and across the border. In this two-part series, the Post looks at the industry’s troubles and whether it can reinvent itself. Updated: 21 Aug, 2025 Source link
Here are five key things investors need to know to start the trading day: 1. Jackson Hole 101 It’s a good week to be a restaurant or hotel in Jackson Hole, Wyoming. Economic policymakers, market participants and government officials are descending on the town for the Kansas City Federal Reserve’s annual policy symposium, which kicks…
US Stock Indices Open Lower New York, August 20 (QNA) – The main indices on the US Wall Street stock exchange opened lower on Wednesday. The Dow Jones Industrial Average fell 0.4 points to 44,922.7 points. The S&P 500 dropped 4.7 points, or 0.07 percent, to 6,406.62 points, while Nasdaq Composite lost 45.3 points, or…
Mining, Belt and Road participation feature in trilateral meetings between China, Afghanistan and Pakistan in Kabul. China wants to explore mining in Afghanistan and have Kabul formally join its Belt and Road Initiative, a massive infrastructure plan, which is a central pillar of President Xi Jinping’s bid to expand his country’s global influence, the Afghan Taliban…
United States President Donald Trump has threatened to impose tariffs of up to 300 percent on semiconductor imports, with exemptions for foreign companies that commit to manufacturing in the US. Trump has cast the proposed tariff as a way to drive investment to the US, but experts say it could also disrupt global supply chains…