By Andrea Shalal WASHINGTON (Reuters) -A Republican U.S. senator on the finance committee on Sunday stressed the importance of an independent Federal Reserve, diverging from Vice President JD Vance’s statement that the president and elected officials should have a say in monetary policy. U.S. Senator James Lankford, a Republican from Oklahoma, told NBC’s “Meet the…
Commuters on a SEPTA train platform at 30th Street Station in Philadelphia, Pennsylvania. (Bloomberg) — Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high, adding to evidence of a more subdued labor market. Most Read from Bloomberg Economists project…
Intel no longer has to fulfill certain requirements or meet milestones that it was originally supposed to under the CHIPS Act, now that the government is taking a stake in the company. According to the Wall Street Journal, Intel said in a filing that it can now receive funding from the government, as long as…
Epidemiologist and human microbiome scientist Wang Leyao, a scholar for the US National Institutes of Health (NIH), has returned to China amid drastic research funding cuts initiated by the White House. Wang joined the Shenzhen Medical Academy of Research and Translation (Smart) as a senior research fellow at the Institute of Human Immunology last month,…
One kilogram gold bars. Photographer: Brendon Thorne/Bloomberg (Bloomberg) — Gold steadied after a two-day gain as investors waited for a US inflation report that’ll shed light on the path for interest rates, while assessing continued threats to the Federal Reserve’s independence. Bullion held just below $3,400 an ounce, with traders looking ahead to Friday’s US…
COPENHAGEN, Denmark (AP) — Denmark’s foreign minister had the top U.S. diplomat in the country summoned for talks after the main national broadcaster reported Wednesday that at least three people with connections to President Donald Trump have been carrying out covert influence operations in Greenland. Greenland, a huge semi-autonomous Danish territory in the Arctic, is…
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were steady on Wednesday ahead of an earnings report from AI leader Nvidia that will shape near-term risk sentiment, while the U.S. dollar was frail as investors remained nervous about attacks on Federal Reserve autonomy. The U.S. Treasury yield curve has been steepening since President Donald Trump on…
NEW YORK (Reuters) -The head of a Pentagon unit responsible for accelerating the military’s adoption of new technology resigned on Monday, according to four people familiar with the matter, the latest exit of a senior military official whose political views have clashed with those of President Donald Trump. Doug Beck, director of the Silicon Valley-based…
By Tim Reid WASHINGTON (Reuters) -Hundreds of National Guard soldiers in military fatigues and combat boots mingled with tourists, posed for selfies, and treated themselves to ice cream from food trucks on Thursday along Washington’s National Mall, one of the safest parts of America’s capital. On occasion an angry local would hurl verbal abuse at…
Federal Reserve Chairman Jerome Powell signaled that the central bank might lower interest rates soon, which could reduce monthly credit card payments and facilitate borrowing for cars and homes, but he warned of economic challenges ahead.”In the near term, risks to inflation are tilted to the upside and risks to employment, to the downside. A…