Year: 2025
Trump imposes universal 50% tariff on copper imports, White House says
Copper pipes are displayed in a home rebuilding store on July 9, 2025 in New York City. Spencer Platt | Getty Images President Donald Trump on Wednesday signed on order imposing a universal 50% tariff on copper imports, the latest metal he has targeted with a steep import tax. The new, higher copper tariffs go […]
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U.S. sanctions Brazilian judge targeted by Trump over Bolsonaro case
The Minister of the Supreme Court of Brazil, Alexandre de Moraes, participates in the plenary session of the Supreme Court (STF) in Brazil on Feb. 20, 2025, after the Attorney General’s Office (PGR) indicts the former president of Brazil, Jair Bolsonaro, for plotting a coup d’etat in 2023. Ton Molina | Nurphoto | Getty Images […]
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Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
Key Points The Federal Open Market Committee voted 9-2 to keep the federal funds rate set in a range between 4.25%-4.5%. The decision was met with opposition from governors Michelle Bowman and Christopher Waller, both of whom have advocated for the Fed to start easing. This was the first time since late 1993 that multiple […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June. Text removed from the June statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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Fed meeting live updates: Traders wait to see how many central bank members go against Powell
The central bank is expected to keep its target rate at a range of 4.25% to 4.50%, but traders want to see whether any Fed governors go against the decision. Source
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Bessent says ‘not to panic’ over tariff rate surges on Aug. 1
U.S. Treasury Secretary Scott Bessent attends a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall | TT | Via Reuters Treasury Secretary Scott Bessent on Wednesday urged corporate America, investors and U.S. trade partners “not to panic” if tariff […]
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Apartment rents drop in July as vacancies move to multiyear high
A sign on the side of a building in Hell’s Kitchen, New York City, advertising an apartment is available for rent through a real estate broker. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images The massive surge of new apartment supply in the last few years is still being absorbed, and that […]
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Superhot geothermal energy could unearth big power boost for the AI era
Geothermal energy has been used for thousands of years, powering heating systems as early as the 14th century. It’s getting a big upgrade. Beyond geothermal, there’s superhot geothermal, which uses ultra-deep drilling to access extremely hot rocks, extracting 5 to 10 times more power per well. Quaise Energy, a Massachusetts-based startup, is in the market […]
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Microsoft set to report earnings after the close
Microsoft CEO Satya Nadella speaks at an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on , April 4, 2025. David Ryder | Bloomberg | Getty Images Microsoft is scheduled to report fiscal fourth-quarter results after markets close on Wednesday. Here’s what analysts are expecting, according to LSEG consensus: […]
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Meta slated to reported second-quarter earnings after the bell
Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to the company’s costs and related guidance amid CEO Mark Zuckerberg’s recent artificial intelligence hiring blitz. Here’s what analysts polled by LSEG are expecting: Earnings per […]
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