EU prepares $114B in tariffs on Boeing and American cars
The European Union is poised to impose tariffs on Boeing aircraft and cars made in the U.S. This move is seen as a significant response to tariffs levied by the Trump administration on goods from the EU, should ongoing trade discussions fail to ease tensions across the Atlantic. The proposed tariffs could affect around $114 […]
Fed’s aggressive rate-hiking campaign results in record loss of $114B for 2023
Rising income spending pushed the Federal Reserve into a record deficit last year, the central bank said in preliminary figures released Friday. The Fed's net income after expenses was negative $114.3 billion last year, compared to positive $58.8 billion the year before. The losses were related to the sharp increase in interest expenses faced by […]