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…
WASHINGTON (AP) — Defense Secretary Pete Hegseth has fired a general whose agency’s initial intelligence assessment of damage to Iranian nuclear sites from U.S. strikes angered President Donald Trump, according to two people familiar with the decision and a White House official. Lt. Gen. Jeffrey Kruse will no longer serve as head of the U.S….
By Corina Pons and Charlie Devereux MADRID (Reuters) -After surviving the perilous trek through the jungle of Panama’s Darien Gap with his wife and three daughters to reach the United States, Venezuelan policeman Alberto Peña thought he had found a haven from the persecution he says he fled from back home. But two years later,…
All eyes are on US Fed chief Jerome Powell, who will speak Friday at a central bankers conference in the US state of Wyoming (Mandel NGAN) Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United…
(Reuters) -Federal prosecutors in Washington, D.C., will no longer seek charges against people who violate a local law prohibiting individuals from carrying rifles or shotguns in the nation’s capital, the Washington Post reported late on Tuesday. The decision, which represents a break from the office’s prior policy, comes amid what President Donald Trump has described…
US treasury secretary Scott Bessent on Tuesday said he is “very happy” with the tariff arrangement the country currently has with China, adding the status quo on the subject was “working pretty well” with China. US President Donald Trump (L) and Chinese President Xi Jinping (R)(AFP) When asked about the current tariff situation and a…
Lawyers for Kilmar Abrego Garcia asked a federal judge on Tuesday to dismiss a human smuggling case against him, saying the government was prosecuting the Maryland construction worker to punish him for challenging his removal to El Salvador. Their motion filed in court said attempts to dismiss indictments on the grounds of “selective or vindictive…
By Noel Randewich (Reuters) -The S&P 500 benchmark U.S. stock index will end 2025 just below current near-record levels, reflecting tempered optimism amid ongoing concerns over the economic impact of President Donald Trump’s global tariffs and uncertainty surrounding Federal Reserve rate cuts, according to a new Reuters poll. Market strategists polled by Reuters showed that…
Nvidia (NVDA, Financials) is developing a new China-specific AI chip, tentatively called the B30A, that would outperform its current H20 model but remain below the capabilities of its flagship accelerators, Reuters reported Tuesday. The B30A, based on Nvidia’s latest Blackwell architecture, will feature a single-die design expected to deliver about half the raw computing power…
By Siyi Liu SINGAPORE (Reuters) -Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow’s exports falls away, two analysts and one trader said on Tuesday. India has emerged as the leading buyer of Russian seaborne oil, which has sold at a discount since some Western…