7 h. ago After new car prices hit record high, Trump admin says it’s working to lower costs

Average new car transaction prices reached a record $50,326 in December, driven by consumer preference for pricier trucks and SUVs

Economics

14 h. ago How Trump’s promise to slash energy bills in half has failed across the US

Guardian analysis shows electricity bills were up 6.7% last year, and much higher in some states, and gas bills up 5.2%Trump’s failed energy bill pledge leaves US households struggling: ‘It’s obscene’Donald Trump has comprehensively failed to meet a key election promise to slash Americans’ energy bills in half within the first year of his presidency, with power prices instead surging across the US.The average household electricity bill in the US was 6.7% more expensive in 2025 compared with the previous year, according to a Guardian analysis of data from the Energy Information Administration (EIA), the Department of Energy’s statistical arm. The increases meant that, on average, US households paid nearly $116 more across 2025 than they did in 2024. Continue reading...

Politics

14 h. ago Climate activist predicts high electricity prices and Trump's attacks on green energy will hurt GOP

Longtime climate activist Bill McKibben finds hope in solar energy despite the Trump administration rolling back environmental regulations and freezing offshore wind projects

Science

38 h. ago Producer concerned for safety of ‘human swan’ expedition cameraman, inquiry told

Dan Burton, 54, died in a mid-air paramotor collision with climate activist Sacha Dench in the Highlands in 2021.

Politics

4 d. ago Trump falsely claims grocery prices and rent are going down in winding speech on affordability

US president claims he has ‘defeated’ inflation as data released on Tuesday shows price of goods rose 2.7% in past yearDonald Trump is heading to Detroit, Michigan today, where he’ll tour a Ford factory in Dearborn.The president will deliver remarks to the Detroit Economic Club at 2pm ET, to continue his “affordability” tour, where he’s expected to tout the administration’s commitment to revitalising manufacturing and keeping costs down. Continue reading...

Politics

4 d. ago Donald Trump gives remarks on affordability in Detroit – US politics live

US president claims he has ‘defeated’ inflation as data released on Tuesday shows price of goods rose 2.7% in past yearDonald Trump is heading to Detroit, Michigan today, where he’ll tour a Ford factory in Dearborn.The president will deliver remarks to the Detroit Economic Club at 2pm ET, to continue his “affordability” tour, where he’s expected to tout the administration’s commitment to revitalising manufacturing and keeping costs down. Continue reading...

Politics

4 d. ago Eleven central bank chiefs defend Fed’s Jerome Powell over DoJ investigation; oil hits two

Rolling coverage of the latest economic and financial news, as Trump says countries doing business with Iran face 25% tariff on US tradeGlobal central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America’s top central banker was threatened with a criminal indictment.Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking. Continue reading...

Events

4 d. ago Oil prices jump as new Trump tariff threats placed on Iran trade partners

Trump has repeatedly used tariffs as a threat over the past year to nations doing business with the US

Politics

5 d. ago Greenland is Europe’s credibility litmus test – it must show Trump that aggression carries a price | Fabian Zuleeg

In the new dog-eat-dog world order, appeasement doesn’t work. Time for the EU to grow upFabian Zuleeg is chief executive of the European Policy CentreDonald Trump’s intervention in Venezuela is not a one-off shock. It epitomises his approach of interventionist isolationism based on a revisionist, neo-nationalist agenda in which power is exercised bluntly, international rules are optional and alliances are transactional. In such a dog-eat-dog world, hesitation and ambiguity do not stabilise the system; they become vulnerabilities to be exploited by a volatile and predatory Washington.The seizure of Venezuela’s president, Nicolás Maduro, combined with Trump’s renewed musings about acquiring Greenland, potentially by using the US military, should dispel any lingering illusion that this is merely erratic behaviour. It reflects a worldview in which sovereignty is conditional, spheres of influence are legitimate, and coercion is normalised when it delivers results in the interest of Trump...

Politics

5 d. ago What to know about the gold markets as prices reach record highs

Gold prices have soared to record highs amid global political tensions

Economics

8 d. ago Trump’s Venezuela strike won’t distract voters from the crises at home | Steven Greenhouse

As Americans worry about healthcare and affordability, the ‘no more wars’ president is helping oil companies insteadImmediately after Donald Trump ordered a military strike in Venezuela, many critics focused on how that attack violated international law as well as the US War Powers Resolution. But there hasn’t been nearly enough focus on the domestic implications of Trump’s move.Trump seems to have ordered his Venezuela venture in part to flip the script away from domestic matters, where things aren’t going well for him. His approval ratings are under water, and he’s getting low marks on the economy, health policy (just 30% approval), inflation (31% approval on the cost of living), his immigration crackdown (41% approval) and his sending the national guard into US cities. Then there’s the big thumbs down that Americans are giving to his tariffs, which have helped push up prices even though candidate Trump promised to lower prices on day one.Steven Greenhouse is a journalist and auth...

Politics

8 d. ago Trump claims prices are ‘way down’ in rant on economy: ‘We’ve done a great job on the word affordability’

Donald Trump’s claims about bringing down prices comes just weeks after he told families to limit the number of presents that they buy for their children

Politics

9 d. ago India arrests prominent climate activist for campaigning against fossil fuels

Financial crimes agency raids Harjeet Singh’s home and office after accusing him of using foreign funds to promote an international green initiative

Events

1 week ago Ferrari once owned by Donald Trump heads to auction with an estimated $1 million price tag

Trump’s red Ferrari F430, with 9,506 miles, comes with the original title signed by him

Economics

1 week ago Oil prices drop as Trump vows to seize up to 50 million barrels of Venezuelan crude

Brent crude dropped below $60 a barrel after the US leader said Venezuela would turn over oil worth close to £1.5bn

Politics

1 week ago Oil prices fall after Trump says Venezuela will send up to 50m barrels to US

Deal would give US president power to sell up to $3bn-worth of crude stranded in tankers and storage facilitiesBusiness live – latest updatesGlobal oil prices have fallen by more than 1% after Donald Trump said Venezuela would hand over 30m to 50m barrels of the country’s blockaded crude to the US.The deal would give the US president the power to sell up to $3bn (£2.2bn) worth of Venezuelan crude stranded in tankers and storage facilities into an already oversupplied global market. Continue reading...

Politics

1 week ago Oil prices drop as Trump vows to seize up to 50m barrels of Venezuelan crude

Brent crude dropped below 60 US dollars a barrel after the US leader said Venezuela would turn over oil worth close to £1.5 billion.

Politics

1 week ago Oil price falls after Trump says Venezuela will send supply to US – business live

Rolling coverage of the latest economic and financial news, as Brent crude drops back to $60 a barrelVenezuela ‘turning over’ $2bn in oil to US, Trump says, in move that could cut supply to ChinaDonald Trump’s “gunboat diplomacy” in Venezuela shows that securing access to critical natural resources such as oil is now a key priority for Washington, say analysts at Unicredit.They point out, in a note to clients, that the toppling of Venezuelan President Nicolás Maduro marked a decisive break with the rules‑based international order, ushering in a more assertive, America‑First form of hegemony across the western hemisphere.Given that China was the main buyer of smuggled Venezuelan oil and is Caracas’s principal creditor, the move is clearly intended to send a strong signal to Beijing, which has ambitious plans in South America, particularly in resource‑rich countries such as Peru.In 2023, China and Venezuela formalised an “all‑weather strategic partnership”. Beijing also used oil trade...

Politics

1 week ago Delcy Rodríguez strikes conciliatory tone with US after Trump warning

Venezuela’s interim leader offers to work with US after Trump threatened that she could pay ‘very big price’Analysis: Delcy Rodríguez must walk tightrope as Venezuela’s interim leaderVenezuela’s acting president, Delcy Rodríguez, has offered to work with the US, dialing down the confrontational tone she intially adopted after the capture of the dictator Nicolás Maduro.In a statement late on Sunday, Rodríguez said she had “invited the US government to work together on an agenda of cooperation”. Continue reading...

Events

1 week ago Gold and defence stocks rise after Trump's Venezuela strikes

Gold and defence stocks are rising this morning after the surprise capture of the Venezuelan president over the weekend.

Politics