Powell focused on separating ‘signal from the noise’ amid policy uncertainties
Federal Reserve Chairman Jerome Powell said Friday that the central bank is working to separate “signals from noise” to develop financial policies amid the gust of new initiatives and policy announcements from the Trump administration in the first weeks of his inauguration. “The new administration is in the process of implementing important policy changes,” Powell […]
Trump threatens tariffs on Canadian dairy, lumber products as soon as Friday
President Trump said his administration could impose mutual tariffs on Canada on Friday in a trade war between the two countries. Speaking to reporters at the oval office, Trump complained about the sudden tariffs on Canadian dairy products and dairy products imported from the US. The president argued that Canada is charging Americans with more […]
Federal judge rejects request to block DOGE staff from Treasury system
A federal judge on Friday rejected a request to prevent employees with the Department of Government Efficiency (DOGE) from accessing the Department of Treasury's sensitive federal payment system. US District Judge Colleen Colleen Cotery denied alliance requests for retired Americans and several employee unions, failing to show that Doge staff would face irreparable harm if they […]
US adds 151,000 jobs in first report of Trump's new term
The US added 151,000 jobs in February, bringing unemployment rates to 4.1% in its first employment report covering President Trump's second term. The monthly employment report released Friday by the Labor Bureau showed that it has steadily held the job market amid growing economic concerns and a collapse in consumer trust. Most economists' forecasts for […]
GOP senator on Trump tariffs: 'When we start losing, you back off'
Sen. Rand Paul (R-KY.) on Thursday showed President Trump's threat to tariffs on his major US trading partners hurt his members and said, “When we start losing, you're backing.” “I will continue to oppose tariffs as almost every industry in Kentucky came to me and said, 'It's going to hurt our industry and push the […]
Job cuts last month higher than any February since 2009
The US-based employer cut more jobs in February this year than in 16 years. New Report Outplacement Challenger, from Grey and Christmas. This year, employers announced 172,017 job cuts. This is the shortest and shortest month since 2009, when 186,350 jobs were cut. Total employment cuts in February this year are more than twice the […]
Stocks slump on Trump tariff fears, job cuts
The stock market sank after Thursday's opening bell amid growing fears about potential damage that President Trump's new tariffs could weaken the economy. All three major indices began trading at a loss of more than 1% on Thursday and gave up profits from short market rebounds on Wednesday. The Dow Jones industrial average fell by […]
Sam Bankman-Fried dishes to Tucker Carlson about life in prison: 'It's sort of dystopian'
FTX founder Sam Bankman-Fried spoke to former Fox News host Tucker Carlson about life in prison in an interview posted on social platform X. “It's kind of dystopia,” Bankmanfried said. I told Carlson “Tucker Carlson Show.” “You know, fortunate, where I am, I am not… I am not in physical danger.” “And you know, frankly, […]
Truckers brace for impact of Trump's tariffs
Los Angeles (News Nation) – As President Trump has postponed 25% tariffs on most goods from Mexico for a month amid widespread fears about the effects of a wider trade war, American truckers are waiting to see what happens next in the industry. Truck drivers have told News Nation that they are hampering major changes […]
Tex-Mex restaurant chain On The Border files for bankruptcy
(wjet/wfxp) – At the border, a casual Tex-Mex dining chain filed for Chapter 11 bankruptcy this week. The company is currently open 60 locations Throughout the US, these locations are expected to remain open and operational during the process. According to Court documentsborders report assets and liabilities of between $10 million and $50 million. a […]