The Department of Government Efficiency (DOGE), led by Tesla CEO Elon Musk, is making headlines for its efforts to reduce federal spending through cuts to agencies and government […]
Economy
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Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips
PALM BEACH, Florida, Feb 18 (Reuters) – U.S. President Donald Trump announced his intention to impose tariffs of approximately 25% on auto imports, alongside similar duties on pharmaceuticals […]
Economy
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UnitedHealthcare offers buyouts to some employees, can pursue layoffs, CNBC reports
UnitedHealthcare, a unit of UnitedHealth Group, has reportedly offered buyouts to certain employees as part of a restructuring effort. According to two sources familiar with the matter, employees […]
Economy
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US Federal Reserve warns Trump’s tariffs may increase prices
The US Federal Reserve has warned that American consumers may face higher prices if President Donald Trump proceeds with his proposed tariffs. According to minutes from the Federal […]
Economy
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Troubled electric vehicle maker Nikola files for bankruptcy protection
Electric vehicle manufacturer Nikola has filed for Chapter 11 bankruptcy protection after warning it might deplete its cash reserves early this year. Once a high-flying startup, Nikola faced […]
Economy
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Fed minutes show inflation concern about Trump immigration, trade policies
The Federal Reserve has expressed concerns over the impact of tariffs on inflation, as revealed in the latest meeting minutes. Officials are worried that tariffs could lead to […]
Economy
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Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further. Concerns were raised about the impact of President […]
Economy
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Fed Minutes Show Inflation Concerns Delaying Rate Cuts
Federal Reserve officials have expressed concerns about the risks of higher inflation, which has led to a cautious approach regarding further rate cuts. According to the minutes from […]
Economy
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Fed Minutes: Trade and immigration pose risks to inflation
At last month’s meeting, Fed officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given renewed concerns over […]
Economy
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Trump acknowledges ‘inflation is back’ but blames Biden
In a Fox News interview, former President Donald Trump acknowledged the resurgence of inflation but attributed the blame to the Biden administration’s spending. Consumer prices rose significantly last […]