Breaking News, World Updates & Headlines
Breaking News, World Updates & Headlines
Fed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3%The US Federal Reserve left interest rates unchanged on Wednesday during its last board meeting before the midterm elections, keepin…
Read MoreScott Kirby says wealth inequality is a ‘danger to society’ and calls for inheritance tax in recent interviewScott Kirby, the CEO of United Airlines, is under scrutiny from conservative politicians and commentators for saying wealth inequality is a “da…
Read MoreFinal inflation report before voters go to polls comes amid widespread anger over cost of living under TrumpSend us your questions on how the US economy is shaping the midterm electionsRepublicans are entering the midterm elections with the highest rat…
Read MoreUS president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutionalDonald Trump announced on Friday that he is establishing a committee to investigate Lisa Cook, the US Federal Reserve governor, over allegatio…
Read MoreIncrease comes after Fed decision to raise interest rates, as Americans struggle with high prices and stagnant wagesUS mortgage rates surpassed 7% for the first time since January 2025, according to federal lender Freddie Mac, aggravating a housing mar…
Read MorePresident made more than 440 purchases and 700 sales despite voter anger over elected officials trading stocksDonald Trump made over a thousand stock sales and purchases worth between $79m and $270m in July, according to a Guardian analysis of his late…
Read MoreFed committee votes unanimously to raise interest rate by a quarter-percentage point to a range of 3.75% to 4%Federal Reserve raises interest rates – liveThe US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as…
Read MoreAnnualized inflation rate was 3.4%, same as July, and core inflation, which omits energy and food prices, was up to 2.4%US consumer prices remained stubbornly high in August as the end of the ceasefire between the US and Iran pushed energy prices up, a…
Read MoreHowever, Kevin Warsh didn’t say if interest rates would change in coming months, as inflation remains stubbornThe US Federal Reserve is not done fighting high inflation, its chair, Kevin Warsh, said in his first major speech in the role on Friday, emph…
Read MoreMove is latest deterioration in trade relations between neighbors with historically strong economic tiesDonald Trump announced a new 50% tariff on automobiles and crucial raw materials from Canada, the latest deterioration in trade relations between th…
Read MoreEnergy prices have been high since the US-Israel war with Iran began and the strait of Hormuz was blockedUS gas prices this month are so far the highest ever recorded for August as peace talks between the US and Iran have stalled and Donald Trump launc…
Read MoreNetwork wants to serve Jared Kushner, Ivanka Trump and Donald Trump Jr after president sues over January 6 documentaryThe BBC is trying to subpoena Donald Trump’s children as it builds its defense against the president’s defamation lawsuit centered on …
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