The Biden administration announced significant tariff increases on China last week, targeting roughly $18 billion in strategic industries, with a sharp focus on electric vehicles (EVs). These tariffs, which quadruple to 100% on…
Last week, the Wall Street Journal reported that the Fed and two other U.S. banking regulators are going to significantly reduce a planned increase in capital requirements for the country's large banks.
As a reminder, the regulators were…
By Layli Foroudi and Juliette Jabkhiro PARIS (Reuters) - In 2018, a year after becoming France's president, Emmanuel Macron flew to the remote French-ruled Pacific island of New Caledonia to outline his latest foreign policy plan. With…
Prime Minister Rishi Sunak was meeting constituents in Northallerton when one remarked they thought he would be "in bed with pneumonia" after he was drenched by rain as he called the general election on Wednesday. Mr Sunak said it was!-->…
GettyFamilies of the victims of the Uvalde school shooting are suing the manufacturer of the gun used in the attack, the maker of a video game and Instagram parent company Meta. In two new lawsuits, they claim the companies helped!-->…
As we discussed recently, Wall Street economists increasingly believe the risk of recession has fallen sharply. To wit:
“Economists don’t think the economy will get even close to a recession. In January, they, on average, forecast sub-1%…
WASHINGTON (Reuters) - The U.S. Trade Representative's (USTR) office on Friday announced a further extension of all China Section 301 tariff exclusions on 352 Chinese import and 77 pandemic-related categories through June 14, and said some…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for a longer period, curbing fuel demand. The July contract rose…
Investing.com-- Oil prices settled higher Friday, but that did little to prevent heavy weekly losses Friday as concerns over sticky inflation and high interest rates spurred doubts that demand will remain robust this year. At 14:30ET…
By Tom Polansek and Manas Mishra (Reuters) -Bird flu virus particles were found in tissue samples taken from one dairy cow sent to slaughter at a U.S. meat processing plant, but none were detected in samples from 95 other cattle, the U.S.…