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…
Economy
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.…
Nvidia CEO says being locked out of China AI market would be ‘tremendous loss’
Nvidia CEO Jensen Huang told CNBC on Tuesday that the China AI market will be worth about $50 billion and…
Trump downplays tariff talks: ‘We don’t have to sign deals’
U.S. markets moved lower Tuesday after Trump's comments on trade deals. ...
Student loan collections restart for more than 5 million borrowers in default
As U.S. Department of Education will resume collecting on defaulted student loans on Monday, borrowers may face wage garnishment and…
Trump takes credit for ‘good parts’ of economy, blames ‘bad parts’ on Biden
Last week, Trump put the onus on Biden for the economy contracting in the first quarter of the year. ...