Trump suggests cutting China tariff rate to still-high 80% ahead of Switzerland talks
Treasury Secretary Scott Bessent and other U.S. officials are set to speak with counterparts from China at a meeting in…
Category: Economy
Apple says Epic Games contempt ruling could cost ‘substantial sums’
Apple wants a court to pause a decision in its case against Epic Games, and allow it to charge commission…
Trump crypto advisor David Bailey launching $300 million bitcoin investment company
David Bailey, CEO of BTC Inc. and a Trump crypto advisor, has raised $300 million to launch a publicly traded…
UK set to become the first country to sign a trade deal with U.S., The New York Times reports
NYT reported that the details around the deal were not clear, and it was uncertain if both sides will sign…
Trump digs in on high China tariffs ahead of trade talks
China said earlier it will enter upcoming talks in Switzerland with Treasury Secretary Scott Bessent “firmly” opposed to Trump's tariff…
Fed holds rates steady as it notes rising uncertainty and stagflation risk
The Federal Reserve held its key interest rate unchanged as it waits for Trump's trade policy to take shape and…
Trump administration to garnish wages of 5.3 million defaulted student loan borrowers this summer
The Trump administration is set to garnish the wages of the 5.3 million federal student loan borrowers in default in…
The Fed meets with uncertainty permeating the air. Here’s what to expect
Central bank policymakers can do little for now except sit and wait as events unfold. ...
U.S. oil production has likely peaked and will start to decline due to price plunge, Diamondback CEO warns
U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.…