WASHINGTON (AP) — Biden administration officials are working against the clock doling out billions in grants and taking other steps to try to preserve at least some of the outgoing president’s legacy before President-elect Donald Trump takes office in January. “Let’s make every day count,” President Joe Biden said in an address to the nation…
WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging…
BANGKOK (AP) — Shares rose in European trading after a retreat in Asia on Thursday following a report showing inflation in the U.S. was roughly as expected last month. Germany’s DAX surged 1.2% to 19,223.90 and the CAC 40 in Paris advanced 0.8% to 7,274.79. Britain’s FTSE 100 edged 0.1% higher, to 8,042.07. The futures…
ZHUHAI- China (AP) — A top Russian defense official has attended China’s premier military showcase in a show of unity between the countries as Russia continues its invasion of Ukraine. Sergei Shoigu, secretary of the Russian Federation Security Council, was in the southern city of Zhuhai to view Chinese and Russian aircraft and other military…
WASHINGTON (AP) — Republicans have won enough seats to control the U.S. House, completing the party’s sweep into power and securing their hold on U.S. government alongside President-elect Donald Trump. A House Republican victory in Arizona, alongside a win in slow-counting California earlier Wednesday, gave the GOP the 218 House victories that make up the…
WASHINGTON (AP) — President Joe Biden will hold talks Saturday with China’s Xi Jinping on the sidelines of an international summit in Peru, a face-to-face meeting that comes as Beijing braces for Donald Trump’s return to the White House. A senior Biden administration official, who briefed reporters on condition of anonymity ahead of the formal…
WASHINGTON — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. Consumer prices are thought to have increased 2.6% from 12 months earlier, according to a survey of economists by the data provider…
LIMA, Peru (AP) — If things had gone differently last week, U.S. President Joe Biden could have arrived at the Asia-Pacific Economic Cooperation forum in Peru on Thursday projecting confidence and pledging his successor’s cooperation with eager Latin American partners. No longer. Just as in 2016, the last time that Peru’s capital Lima hosted APEC,…
WASHINGTON (AP) — President-elect Donald Trump on Tuesday said Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency” — which is not, despite the name, a government agency. The acronym “DOGE” is a nod to Musk’s favorite cryptocurrency, dogecoin. Trump said in a statement that Musk and…
TOKYO (AP) — Global shares mostly fell Tuesday, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as U.S. president. France’s CAC 40 declined 0.9% in early trading to 7,358.92, while Germany’s DAX fell 0.8% to 19,296.75. Britain’s FTSE 100 shed 0.7% to 8,066.66. U.S. shares were…