The impact of Trump’s tariffs on your grocery expenses
An analysis from two think tanks suggests that the broad tariffs, which are set to start on Friday, could lead to an increase in food and grocery prices by a few percentage points. The Yale Budget Lab estimated that food prices might jump by 3.4% in the short term, and about 2.9% in the long […]
Powell minimizes disagreements among Fed board members: ‘A very good meeting’
Federal Reserve Chair Jerome Powell addressed the unusual dissent from two members of the board regarding the interest rate decision, marking the first such opposition in over three decades. This dissent came from Vice-Chair Michelle Bowman and Governor Christopher Waller, representing a break from the prevailing opinion for the first time since 1993. Both Bowman […]
Powell calls it a privilege to show Trump around the Fed renovations.
Federal Reserve Chairman Jerome Powell mentioned on Wednesday that President Trump visited the Fed’s headquarters last week, despite ongoing pressures related to interest rates affecting the White House. Powell described the visit as “an honor,” noting that it involved a tour of renovations on the D.C. campus. He characterized the meeting as a “good visit,” […]
Central bank keeps rates unchanged but experiences first split among board members in thirty years
The Federal Reserve has decided to keep its short-term interest rates steady at 4.25% to 4.5%, but this time there was notable dissent among committee members for the first time in over three decades. Nine members of the Federal Open Market Committee (FOMC) voted to maintain the current rates. However, two members, Michelle Bowman and […]
Intel’s plans for Ohio depend on acquiring new customers
New Albany, Ohio – Intel may soon reveal plans to seek external customers for its manufacturing operations, or potentially halt all production in Ohio. Recently, Intel disclosed it would further delay progress on a $28 billion manufacturing facility in Licking County. The company indicated that if it cannot find external customers for its new manufacturing […]
US-China competition highlights as Trump shapes AI policy
Trump Administration’s AI Race Against China The Trump administration is organizing efforts to dominate artificial intelligence (AI), viewing it as a vital competition with China that could shape the future of powerful technologies. This perspective is central to the administration’s recent AI policy initiatives, including a plan announced this month. “The United States is in […]
These countries lack trade agreements with Trump before the August 1 tariff deadline.
President Trump is likely to impose sudden tariffs on several major trading partners if new trade terms are not agreed upon by August 1. On Monday, Trump suggested that countries unwilling to engage in business with the US could face tariffs ranging from 15% to 20%. “We’re looking at setting tariffs around the world. That’s […]
Republicans take steps to overcome last obstacles for funding bill ahead of break
Senate Republicans passed a group of spending bills just before the August recess and are swiftly tackling key challenges to prevent government shutdowns in a couple of months. This initiative has resulted in a three-bill package for year-round funding, covering areas like Pesticides (USDA), Veterans (VA), Justice (DOJ), the Food and Drug Administration (FDA), rural […]
India surpasses China as the leading smartphone exporter to the US with Apple’s transition.
According to a recent study released on Monday, India has surpassed China as the top exporter of smartphones to the US, largely due to Apple’s ongoing adjustments in production in response to tariffs implemented during the Trump administration. Canalys, a global technology market analysis firm, noted that in the second quarter of 2025, 44% of […]
Two senior antitrust officials at the DOJ are dismissed
DOJ Fires Two Senior Officials Amid Antitrust Division Disputes The Department of Justice (DOJ) has dismissed two high-ranking officials due to issues related to antitrust enforcement, as confirmed by a spokesperson on Tuesday. Deputy Attorney General Roger Alford and Bill Liner, who served as the Deputy Attorney General and Merger Enforcement Director, are no longer […]