Breaking News: Politics
Trump tariffs don’t cause inflation because of ‘patriotism’ buying: WH advisor
White House economic advisor Kevin Hassett speculated Monday that new tariff policies are not yet sparking widespread price inflation because President Donald Trump has convinced more people to buy American. “There’s, I think, a lot of patriotism in the data,” Hassett said on CNBC’s “Squawk Box” when he was asked to explain why Trump’s protectionist […]
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Fed Chair Powell asks inspector general to review controversial building project
Key Points The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue. “We’ve got a real problem of oversight and excess spending,” Kevin Hassett, director of the National Economic Council, said Monday on CNBC. Source
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Nvidia CEO downplays U.S. fears that China’s military will use his firm’s chips
Nvidia CEO Jensen Huang has downplayed U.S. fears that his firm’s chips will aid the Chinese military, days ahead of another trip to the country as he attempts to walk a tightrope between Washington and Beijing. In an interview with CNN aired Sunday, Huang said “we don’t have to worry about” China’s military using U.S.-made […]
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The EU is delaying retaliatory tariffs on U.S. goods in hopes of reaching a deal by Aug. 1
European Commission President Ursula von der Leyen attends a press conference with Polish Prime Minister Donald Tusk and European Council President Antonio Costa, on the day of the European Union leaders summit in Brussels, Belgium June 26, 2025. Yves Herman | Reuters The European Union will suspend retaliatory tariffs on U.S. goods scheduled to take […]
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Trump ‘certainly’ can fire Fed chair Powell ‘if there’s cause’: Hassett
National Economic Council Director Kevin Hassett speaks to reporters at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | Reuters National Economic Council Director Kevin Hassett said Sunday that whether the Trump administration has the authority to fire Federal Reserve Chair Jerome Powell is “being looked into.” “But certainly, if there’s […]
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In rare earth metals power struggle with China, old laptops, phones may get a new life
A stack of old mobile phones are seen before recycling process in Kocaeli, Turkiye on October 14, 2024. Anadolu | Anadolu | Getty Images As the U.S. and China vie for economic, technological and geopolitical supremacy, the critical elements and metals embedded in technology from consumer to industrial and military markets have become a pawn […]
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Trump interest in Russia sanctions raises Ukraine allies’ hopes
U.S. President Donald Trump and Ukraine’s President Volodymyr Zelenskyy attend a meeting on the sidelines of NATO summit in The Hague, Netherlands June 25, 2025. Ukrainian Presidential Press Service | Via Reuters A bipartisan U.S. bill that would hit Russia with sanctions in a bid to pressure Moscow into good-faith peace negotiations with Ukraine has […]
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Australia and China: Trade flows and security tensions shape ties
Australia’s Prime Minister Anthony Albanese arrived in Shanghai on Saturday for a six-day visit to three Chinese cities where regional security tensions and economic ties are likely to dominate talks. Albanese’s second visit to China, where he will meet President Xi Jinping, comes after Canberra stepped up screening of Chinese investment in critical minerals and […]
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Global week ahead: Trade tensions cloud earnings and the G20 heads south
Jason Hawkes | Riser | Getty Images Earnings season always seems to roll around with alarming frequency. The newsroom approaches each quarter with a nervous energy, but this summer it feels especially heightened. Recent market records in both the U.S. and Europe, alongside an unpredictable economic environment, paint a complicated picture for the second half. […]
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Trump threatens to revoke comedian Rosie O’Donnell’s citizenship
President Donald Trump said Saturday that he is considering revoking comedian Rosie O’Donnell’s citizenship, a dramatic escalation of Trump’s threats to use the executive branch to target his opponents. “Because of the fact that Rosie O’Donnell is not in the best interests of our Great Country, I am giving serious consideration to taking away her […]
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