Tariffs
Federal Reserve officials are under pressure to lower interest rates, but signs of stickier inflation could limit how much relief they can provide to borrowers. Treasury Secretary Scott Bessent has urged the Fed to forgo gradualism and cut interest rates by half a percentage point next month, followed by a
Trump, Donald
In a shocking display of presidential power, President Trump has asserted himself as the decisive figure in the global semiconductor industry. With a series of blunt interventions, Mr. Trump has threatened to take away government grants, restricted billions of dollars in sales, and demanded investments from chipmakers. The industry, valued
Trump, Donald
US Treasury secretary Scott Bessent has suggested that the unprecedented revenue-sharing agreement struck with chipmakers Nvidia and AMD could be expanded to other industries. The deal, which will see Nvidia and AMD give the US government 15 per cent of their Chinese chip sales in exchange for export licences, has
Trump, Donald
The United States and China have been engaged in a prolonged trade war, with the U.S. imposing tariffs on Chinese goods and Beijing retaliating with its own tariffs. However, a recent agreement between President Trump and Chinese officials has granted a 90-day extension of trade talks and allowed two
Democratic Party (United States)
Democrat dissatisfaction is boiling over, with some party insiders calling for fresh faces and thinking to regain footing ahead of next year's midterm elections. Despite being locked out of power in Washington, the party continues to face historically ugly polling numbers. A recent CNN poll found that Democratic
President of the United States
As President, Donald Trump has turned his influence into a lucrative business empire, with his family reaping billions of dollars in profits from various ventures. Trump's presidency has enabled him to expand his business empire, leveraging his presidential status to make money in multiple areas, including cryptocurrencies, real
Tariffs
US inflation remained unchanged at 2.7 per cent in July, defying expectations that Donald Trump's tariffs would drive prices higher. The data, which was released yesterday, sent stocks soaring, with the S&P 500 index rising 0.8 per cent to a record high. Despite the
Petroleum
President Trump's August 6, 2025, Executive Order imposes a 25 percent tariff on Indian imports, effective August 27, in a bid to curb India's oil purchases from Russia. This move is reportedly aimed at pressuring President Putin to negotiate a peace arrangement over the war in
Tariffs
As part of a highly unusual arrangement with President Trump, Nvidia and Advanced Micro Devices (AMD) will give the US government 15% of their revenue from selling artificial intelligence (AI) chips to China. This deal was finalized after Nvidia's CEO, Jensen Huang, met with President Trump at the
Trump, Donald
In a move to take control of crime in Washington D.C., President Donald Trump has deployed the D.C. National Guard and federal law enforcement agents, while vowing to "stop violent crime" in the city. However, local and federal data paint a contrasting picture, showing a decline
Tariffs
Economists and investors are eagerly awaiting official data on the UK jobs market, with a mix of gloomy expectations from employers and conflicting signals from recent official statistics. The Bank of England's Monetary Policy Committee is split on whether to focus on job losses or stubborn inflation. Meanwhile,
Tariffs
President Donald Trump made a surprising announcement on Truth Social, stating that gold will not be subject to tariffs, causing gold futures to plummet by 2.48% to $3,404.70 per ounce. The decision effectively reverses a previous ruling by the U.S. Customs and Border Protection that would
