Donald J. Trump
Mitch McConnell says Trump’s trade war will raise prices: ‘Tariffs are bad policy’
Then President Donald Trump speaks to the media while flanked by Senate Majority Leader Mitch McConnell after arriving at a Senate Republican weekly policy luncheon at the U.S. Capitol March 26, 2019 in Washington, DC. Mark Wilson | Getty Images Republican Sen. Mitch McConnell is speaking out against President Donald Trump’s sweeping tariff plans, warning […]
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Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the […]
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White House nominates new chiefs for bank, market regulators: Reuters
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC. Anna Moneymaker | Getty Images The White House plans to nominate Jonathan McKernan, a former member of the Federal Deposit Insurance Corporation, as full-time director of the Consumer Financial Protection Bureau, according to two sources familiar with […]
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European markets head for positive open as traders await latest U.S. inflation data
European markets are heading for a positive open Wednesday as global markets await the latest inflation reading out of the U.S. The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,785, Germany’s DAX up 75 points at 22,104, France’s CAC up 12 points at 8,042 and Italy’s FTSE MIB 102 points higher […]
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Asia-Pacific markets trade mixed after Fed’s Powell signals no urgency to lower rates
Yusuf Gandhi | 500Px | Getty Images Asia-Pacific markets opened mixed Wednesday after Federal Reserve Chair Jerome Powell signaled there was no urgency to cut rates. Powell on Tuesday re-emphasized the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower. Australia’s S&P/ASX 200 traded […]
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Stock futures are little changed as traders brace for January consumer inflation report: Live updates
Orange juice futures extend losing streak Orange juice futures (MAR) were lower again Tuesday, marking their eighth consecutive negative session. OJ hit a low of 385.50 cents per pound, its lowest level since May 9, 2024. This pullback comes despite futures reaching all-time highs in mid-December. Market observers are surprised by the recent downturn, given […]
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White House bars AP reporter from Oval Office because of AP style policy on ‘Gulf of America’
U.S. President Donald Trump speaks to reporters after signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl, February 9, 2025. Kevin Lamarque | Reuters The White House blocked an Associated Press reporter […]
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Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites
Investment bank stocks are set to benefit from the Trump presidency, according to investor Kingsley Jones, who said it was time for financials to “step up.” Speaking to CNBC’s Martin Soong, the Australian investor struck a bullish tone on the outlook for stocks as U.S. President Donald Trump’s second term gets underway. “Wall Street, in […]
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Musk says DOGE is ‘what democracy is all about’ during Oval Office visit
Elon Musk on Tuesday defended his “Department of Government Efficiency” against critics, saying the unaccountable cost-slashing task force represents the will of American voters who elected President Donald Trump. “That’s what democracy is all about,” said Musk, who contributed more than $250 million to getting Trump elected. Musk, with one of his young sons in tow, stood alongside Trump in the […]
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Ken Griffin says Trump’s ‘bombastic’ trade rhetoric is a mistake that’s eroding trust in the U.S.
Ken Griffin, founder and CEO of Citadel, speaks during The New York Times’ annual DealBook Summit in New York City, Dec. 4, 2024. Michael M. Santiago | Getty Images Citadel CEO Ken Griffin sent a stern warning against the negative impact from President Donald Trump’s combative approach to U.S. trade policy. “From my vantage point, the […]
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