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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 […]

Wildfires in Los Angeles have resulted in at least 27 deaths. The Palisades Fire has destroyed thousands of buildings and burned through more than 23,700 acres, while the Eaton Fire consumed more than 14,000 acres. Although crews have made progress in containing the fires, the direct cause remains undetermined. The Palisades Fire may have been […]

WASHINGTON, Feb 3 (Reuters) – U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok. Trump offered little in the way of detail and it was unclear how such a wealth fund would […]

Cryptocurrency prices took a hit from the prospect of a trade war between the U.S. and its major trading partners, with some well-known digital assets seeing values fall more than 10%. Bitcoin fell below $100,000 after U.S. President Donald Trump announced plans Saturday to start putting large tariffs on goods from Canada, Mexico, and China. […]

President Trump has fired the director of the Consumer Financial Protection Bureau, Rohit Chopra, in the latest purge of a Biden Administrator holdover. Chopra was one of the more important regulators from the previous Democratic administration who was still on the job since Mr. Trump took office on Jan. 20. In a letter to the […]

[](https://www.reuters.com/resizer/v2/BPOXYVZQP5N4JEO6TMRJKA37NM.jpg?auth=1e1fd3ba945ebfdcaf98e20c887d7e73d064e1fb64f5d2ce10a68eab36f39cdb&height=1005&width=1920&quality=80&smart=true) 720w, 480h SINGAPORE, Feb 3 (Reuters) – Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude supply disruption from the two biggest suppliers to the U.S., but the prospect of lower fuel demand […]