6 h. ago Asian shares are mostly higher after Trump says he discussed firing Fed Chair Powell

World shares are mostly higher while U.S. futures are mixed after President Donald Trump rocked Wall Street by saying he had “talked about the concept of firing” the head of the Federal Reserve

Politics

18 h. ago ‘Surprised’ Trump appears to forget he appointed Powell as Fed chair before blaming Biden for keeping him on

Seeming gaffe comes a day after he fabricated a story about his uncle and Unabomber Ted Kaczynski

Politics

21 h. ago Trump’s calls it ‘highly unlikely’ he’ll fire Fed chair Powell after reportedly telling House GOP he ‘likely will soon’

The president’s public about-face on firing Jerome Powell is sure to have critics call it another TACO, or ‘Trump Always Chickens Out,’ moment.

Politics

22 h. ago Trump calls it ‘highly unlikely’ he’ll fire Fed chair Powell after reportedly telling House GOP he ‘likely will soon’

Apparent U-turn

Politics

23 h. ago Trump privately indicates he may soon fire Fed chair Jerome Powell

The US president denies he would dismiss the Federal Reserve head after reportedly drafting letter to sack himDonald Trump has privately indicated he is on the cusp of firing the Federal Reserve chair Jerome Powell, rattling Wall Street and renewing questions over the US central bank’s independence.The US president insisted on Wednesday that it was “highly unlikely” he would dismiss the Fed chair, after reports he had suggested he would and shown a draft letter dismissing Powell to political allies. Continue reading...

Politics

23 h. ago Trump says he's 'unlikely' to fire Fed chief Powell despite GOP urging

President Trump said he's 'unlikely' to fire Federal Reserve Chair Jerome Powell after months of threats.

Politics

35 h. ago How Trump could use a building renovation to oust the Fed chair

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project

Politics

59 h. ago Asian shares mostly decline as worries continue over Trump's tariffs

Asian shares are trading mostly lower as worries about President Donald Trump’s latest updates to his tariffs weighed on investor sentiments

Politics

69 h. ago Trump continues attacks on Federal Reserve chair as he demands lower interest rates – live updates

Trump attacks Federal Reserve chair Jerome Powell, calling him a ‘stupid guy’ and a ‘knucklehead’ as he demands lower interest ratesWith Trump’s headache not showing any signs of going away, Politico learned that “an ally supportive of the Trump DOJ’s handling of the Epstein case, has pitched senior White House officials on the idea of Bondi and deputy attorney general Todd Blanche doing an all-questions-addressed news conference in an attempt to exhaust the press and put the story to bed.”Maga influencer and far-right activist Laura Loomer also told Politico on Sunday that “there should be a special counsel appointed to do an independent investigation of the handling of the Epstein files so that people can feel like this issue is being investigated, and perhaps take it out of [Pam Bondi’s] hands, because I don’t think that she has been transparent or done a good job handling this issue”. Continue reading...

Politics

3 d. ago Asian shares are mixed after S&P 500 and Nasdaq composite pull back from their all

Shares are mixed in Asia after the S&P 500 and the Nasdaq composite edged away from the records they set last week

Politics

9 d. ago Asian shares rise after Wall Street falls as Trump pressures trading partners with new tariffs

Asian shares are mostly higher after stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect

Politics

1 week ago Asian shares are mostly down as Trump’s tariff deadline looms and pressure steps up

Asian shares are mostly down as the Trump administration steps up pressure on trading partners to quickly make new deals before a Wednesday tariff deadline

Events

1 week ago Asian shares are mixed as Trump’s tariff deadline looms, while US stocks set records

Asian shares were mixed on Friday after U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline

Politics

2 w. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rates cut

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy. He posted a hand-scrawled note on his Truth Social platform on Monday, saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

Politics

2 w. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy, and on Monday posted a hand-scrawled note on his Truth Social platform saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

Politics

2 w. ago Fed chair Jerome Powell blames Trump tariffs for failure to cut US interest rates this year – business live

Rolling coverage of the latest economic and financial newsUS dollar has worst first half in more than 50 years amid Trump tariffsSainsbury’s has recorded its strongest growth since last summer after its Argos chain recorded a big step up in sales as shoppers sought out paddling pools and fans during recent hot weather.The retail group said Argos, its catalogue shop, was able to achieve growth of 4.4% in the three months to 21 June, up from 1.9% in the previous quarter. Comparable group sales, excluding fuel, rose 4.7% on a year earlier.Companies have now expanded production slightly for the fourth month in a row, order intake has ceased to fall, and slightly longer delivery times also indicate that demand is picking up a bit.Against the backdrop of numerous uncertainties - US tariffs, the crisis in the Middle East, and Russia’s ongoing war against Ukraine - this can certainly be seen as a sign of resilience. Continue reading...

Politics

3 w. ago Asian shares are mixed as markets take a breather after recent volatility

Shares are mixed in Asia after U.S. stocks hung near their all-time high as financial markets caught their breath following recent bouts of volatility

Politics

3 w. ago Federal Reserve chair defends holding interest rates after fresh Trump attacks

Jerome Powell says central bank is waiting to see tariffs’ impact on US prices as president claims ‘incompetence’The Federal Reserve is well placed to wait and see how tariffs affect US prices before cutting interest rates, its chair, Jerome Powell, insisted, defying renewed demands from Donald Trump.The US president has disregarded the central bank’s longstanding independence to repeatedly call for rate cuts to spur economic growth and launch a series of personal attacks on Powell. Continue reading...

Politics

3 w. ago Fed chair Powell insists there’s no rush to cut US interest rates, despite Trump criticism – business live

Oil has fallen to its lowest level since June’s conflict began, while stock markets have jumped across Asia and EuropeOil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying too.This has pushed up the STOXX Europe travel and leisure index by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April. Continue reading...

Politics

4 w. ago Federal Reserve holds interest rates, defying Trump’s demand to lower them

Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate holdThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts this year, as Donald Trump continues to break with precedent and demand lower rates.Policymakers at the American central bank lifted their projections for inflation this year, as the US president stands by his controversial tariff plans, and downgraded their estimates for economic growth. Continue reading...

Politics