Trump taps Kevin Hassett as National Economic Council head

President-elect Trump announced on Tuesday that he has selected former White House economic adviser Kevin Hassett to lead the next administration's National Economic Council. “I am very pleased to announce that Dr. Kevin A. Hassett of Massachusetts will serve as Director of the White House National Economic Council,” President Trump said in a statement. “As […]

The Trump Economic Boom Is Already Beginning

The transition to the Trump administration has received positive reviews. If you felt joy and serenity in the aftermath of Donald Trump's victory on Election Day, you're not alone. This time, American households and businesses are much calmer and more hopeful than before. According to a poll released Friday by Pew Research. 70 percent of […]

Biden administration informs Congress it will forgive $5B in economic loans to Ukraine

The Biden administration has told Congress it plans to cancel $4.65 billion in Ukraine debt, about half of the economic loans provided earlier this year. State Department spokesman Matthew Miller confirmed the plan in a briefing Wednesday. “Therefore, we have taken the steps outlined in the law to cancel these loans and provide economic aid […]

Leading Economic Indicators Fall for 8th Straight Month

Leading indicators of the U.S. economy fell for the eighth consecutive month in October due to weakness in the housing market and manufacturing, as well as rising unemployment claims. The Conference Board said its leading indicators index fell 0.3% last month. The Conference Board said the index fell 2.2% in the six months from April […]

Cites Weakened EV Sales, Economic Headwinds

Ford Motor Co. will cut more than 4,000 jobs across Europe and the United Kingdom by the end of 2027, citing economic headwinds, pressure from increased competition and weaker-than-expected electric vehicle (EV) sales, the company said Wednesday. Announced. ) to a gloomy forecast. Most of the job cuts will be in Germany and will be […]

EUR/USD faces pressure as Trump’s policies weigh on Eurozone economic outlook – FXStreet

EUR/USD faces resistance near 1.0600 on Tuesday as investors see more room for the dollar to rise. ECB officials' focus has been on maintaining growth rather than containing price pressures. President Trump's policies are expected to boost U.S. inflation and economic growth. EUR/USD struggled to extend Monday's recovery above near-term resistance at 1.0600 and edged […]