Jul 24 WATCH: Trump visits Federal Reserve as he pressures Powell to cut interest rates By Christopher Rugaber, Josh Boak, Chris Megerian, Associated Press The Federal Reserve, known for its tight lips, structured formality and extraordinary power to shape the global economy, opened up a costly building renovation Thursday to reporters and President Donald Trump. Continue reading
Jul 23 Watch 6:30 What the new trade deal with Japan means for U.S. businesses and consumers By William Brangham, Dan Sagalyn The U.S. and Japan announced a trade agreement that President Trump hailed as a significant victory for American companies and consumers. In return, he said the U.S. won’t impose 25% tariffs on Japan at the end of this month. William… Continue watching
Jul 23 Big 3 automakers say Trump's tariff deal with Japan puts them at a disadvantage By Josh Boak, Alexa St. John, Associated Press U.S. automakers worry that President Donald Trump's agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. Continue reading
Jul 23 UK Supreme Court quashes 2 bank traders' convictions after deciding their trials were unfair By Danica Kirka, Associated Press Britain’s Supreme Court on Wednesday quashed the convictions of two financial market traders accused of manipulating benchmark interest rates in one of the biggest scandals to come out of the global financial crisis in 2008. Continue reading
Jul 23 U.S. stocks tick toward another record following a trade deal with Japan By Stan Choe, Associated Press The S&P 500 rose 0.3% Wednesday, coming off its latest all-time high. The Dow Jones Industrial Average added 196 points, and the Nasdaq composite gained 0.1%. Continue reading
Jul 22 WATCH: Trump says Philippines will pay 19% tariffs in deal struck with leader Marcos By Didi Tang, Michelle L. Price, Associated Press Trump said Tuesday that the U.S. will slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there. Continue reading
Jul 21 Watch 6:16 What the new student loan rules mean for current and future borrowers By Geoff Bennett, Karina Cuevas President Trump’s new tax and spending law brings sweeping changes to the federal student loan system, affecting both current and future borrowers. Nearly half a million borrowers could see their payments spike after the Department of Education scrapped most existing… Continue watching
Jul 18 Trump's pivot to 'trade not aid' leaves African nations wary as they face tariffs and uncertainty By Farai Mutsaka, Associated Press President Donald Trump’s new Africa strategy shifts from aid to trade under a “commercial diplomacy” push, urging ambassadors to broker business deals rather than manage aid programs. Continue reading
Jul 18 WATCH: Trump signs law creating regulations for dollar-linked 'stablecoin' cryptocurrencies By Seung Min Kim, Alan Suderman, Associated Press The GENIUS Act sets initial guardrails and consumer protections for stablecoins, which are tied to assets like the U.S. dollar to reduce price volatility compared with other forms of cryptocurrency. It passed both the House and Senate with wide bipartisan… Continue reading
Jul 17 WATCH: House Republicans hold press briefing after passage of cryptocurrency bills By Mary Clare Jalonick, Joey Cappelletti, Alan Suderman, Associated Press The House has passed three bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U.S. the “crypto capital of the world.”… Continue reading