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Feb 3 (Reuters) – U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump’s new acting consumer finance watchdog, has halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau, including investigations, rule making, litigation, and public communications, according to an email seen by Reuters. The Day One decision […]

At least 27 people have died in multiple wildfires around Los Angeles. The Palisades Fire has destroyed thousands of buildings and burned through more than 23,700 acres, and the Eaton Fire consumed more than 14,000 acres — though crews were gaining ground on both after more than a week of fighting the flames. Track their […]

President Donald Trump’s tariffs on Canada, Mexico, and China could worsen existing drug shortages in the U.S., raise healthcare costs for patients, and threaten generic drugmakers, according to some drug trade groups. The tariffs, announced on Saturday, include a 25% charge on goods from Canada and Mexico and a 10% charge on imports from China. […]

On February 3, 2025, U.S. Treasury Secretary Scott Bessent, who took over as President Donald Trump’s new acting consumer finance watchdog, halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau (CFPB). This includes investigations, rule making, litigation, and public communications. The decision was communicated via an email to all CFPB staff and […]

Wildfires in Los Angeles have caused significant destruction, with at least 27 people dead and thousands of buildings destroyed. The Palisades Fire has burned through more than 23,700 acres, and the Eaton Fire has consumed over 14,000 acres. While the direct cause of the fires is still under investigation, a review by The Washington Post […]

The Trump administration’s plans for trade tariffs come with inflation risks, three Federal Reserve officials warned on Monday, with one arguing that uncertainty over the outlook for prices calls for slower interest-rate cuts than otherwise. Trump on Saturday slapped across-the-board tariffs on the three largest U.S. trade partners, though by late Monday, the leaders of […]

President Donald Trump on Monday appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB), a powerful watchdog agency whose operations Bessent immediately halted pending a review. In an email to agency staff sent from the ‘acting director,’ Bessent ordered the bureau to cease all work to craft regulations, […]

President Donald Trump’s steep tariffs on Canada, Mexico, and China could worsen existing drug shortages in the U.S., raise healthcare costs for patients, and threaten cash-strapped generic drugmakers, some drug trade groups warn. Trump announced he would impose a 25% tariff on nearly all goods shipped from Canada and Mexico and a 10% charge on […]

President Donald Trump on Monday appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB), a powerful watchdog agency. Bessent immediately halted all work at the CFPB, including the crafting of regulations, enforcement of rules, conducting investigations, and providing public communications. The move underscores a stark shift at the […]

The CEO of Nucor Corp., the largest steel producer in the U.S., endorsed President Donald Trump’s tariffs on China, Canada, and Mexico. Leon J. Topalian, the chair, president, and CEO of Nucor Corp., wrote in a statement that Nucor applauds the first steps taken by President Trump in his America First Trade Agenda and looks […]