WASHINGTON (AP) — The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and his chief critic, President Donald Trump, see the economy. The Fed itself, to be sure, is increasingly divided over its next steps, and many economists expect that two members of the Fed’s governing board — both appointed by Trump — could dissent on Wednesday in favor of cutting rates. If so, that would be the first time two governors vote against the chair…
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The Trump administration is cracking down on improperly licensed truck drivers who can’t speak English — but some advocates fear that a longstanding bipartisan safety issue will get swamped by the president’s divisive rhetoric.Over the last few months, federal transportation officials have sparked controversy with a series of policies to, as Transportation Secretary Sean Duffy put it in press releases and an exclusive op-ed for the far-right outlet Breitbart, stop “treating English as a backseat language” and get “illegals” out from behind the wheel of big rigs.Duffy didn’t even try to appeal to anyone on the other side of the…
The Washington PostTrump covets rare earth riches, but Greenland plans to mine its own businessInterest in Greenland’s minerals is soaring, driven in part by Trump, who has said the U.S. must “get” the island. But the rare earths will be hard to mine..1 day ago Source link
Image source: Getty Images International Consolidated Airlines Group (LSE: IAG) shares have climbed a rocket-fuelled 126% over the past year. They’re still powering on, up 12% in the last month. Yet despite that rapid rise, they trade at a modest price-to-earnings ratio of just 7.86. That’s barely half the FTSE 100 average of around 15. I bought the British Airways owner back in April, just after Donald Trump announced his tariff pause, and I’m thrilled I did. But after such a strong run, are they still worth considering today? I watched for years as IAG, as it’s known, struggled with post-Covid recovery,…
NEW YORK: The S&P 500 edged higher to eke out a record high close for a sixth straight session on Monday, while the Nasdaq also advanced to a closing record in choppy trade as investors gauged the U.S.-EU trade pact and prepared for a week of major market catalysts.U.S. President Donald Trump and European Commission President Ursula von der Leyen unveiled a trade framework on Sunday, slashing EU import tariffs to 15% – half the previously threatened rate that was scheduled to take effect on August 1. Still, France denounced the deal as a “submission.”The deal is the latest announcement…
NDTV ProfitIndia Has Its Task Cut Out Amid Global Supply Chain Shifts In Rare Earth Magnets, Says Finance MinistryThe Ministry’s first official remark is significant amid a rare earth shortage following China’s export ban, with Indian automakers now warning of possible….18 hours ago Source link
USD/JPY climbs to a nearly two-week top and draws support from a combination of factors.The trade optimism and reduced BoJ rate hike bets continue to undermine the safe-haven JP.The USD preserves Monday’s strong gains and further acts as a tailwind for the currency pair.The USD/JPY pair attracts buyers for the fourth consecutive day and climbs to a one-and-a-half-week high, around the 148.70 area during the Asian session on Tuesday. Traders, however, refrain from placing fresh bullish bets and opt to move to the sidelines ahead of this week’s key central bank event risks. The US Federal Reserve (Fed) is scheduled…
A specialist psychiatric hospital in Inverness has officially been handed over to NHS Highland following the conclusion of a 25-year private finance model. Built in 2000, New Craigs provides care to people across the Highlands with mental illness and learning disabilities.The 234-bed hospital was one of a number of facilities built under a private finance initiative (PFI), with the Robertson Group and Dalmore Investments footing the bill for construction and maintenance in exchange for an annual fee.Construction was estimated to cost £16.5m, however, a BBC investigation in 2023 suggested the health board would end up paying more than £100m to…
Oil prices jumped Monday after President Trump shortened a timeline on Russia to end the war with Ukraine, and a US-EU trade deal spurred optimism over demand. West Texas Intermediate (CL=F) climbed 1.9% to trade above $66 per barrel, and Brent (BZ=F) crude, the international benchmark price, rose to nearly $69 per barrel. The trade accord between the European Union and the US, announced on Sunday, includes $750 billion in EU purchases of American oil and natural gas. Liquified natural gas producers like Cheniere Energy (LNG), NextDecade (NEXT), and Venture Global (VG) all jumped. The 15% tariff deal on US…
The carbon credit system is a cornerstone of global climate policy – supporting the move to net zero by providing incentives for cleaner energy generation/distribution, transportation and manufacturing and lower carbon emissions. The system encourages businesses to reduce their impact on climate Source link