3 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

4 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

5 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

5 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

12 h. ago Trump threatens to impose drug and chip tariffs as soon as 1 August

US president talks of low tariff to give pharmaceutical firms a year or so to build, and then making it ‘very high’Business live – latest updatesDonald Trump has threatened to impose tariffs on pharmaceutical products and semiconductors as soon as 1 August, the latest deadline for the introduction of his “reciprocal” levies on individual countries.The US president told reporters late on Tuesday the taxes on drug imports could be announced “probably at the end of the month, and we’re going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we’re going to make it a very high tariff”. Continue reading...

Events

17 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

60 h. ago US farm workers on Ice raids in the fields: ‘hunted like animals’

In the latest installment of a series on undocumented workers, farm workers explain how fear has ripped through their communities after raidsUndocumented builders face exploitation amid Trump raidsUndocumented farm workers feel they’re being “hunted like animals”, they told the Guardian, as Donald Trump’s administration ramps up its crackdown on immigration.Raids by Immigration and Customs Enforcement (Ice) have caused workers to lose hours and income, and forced them into hiding at home, according to interviews. Continue reading...

Politics

60 h. ago US undocumented farm workers feel ‘hunted like animals’ amid Trump’s immigration raids

Ice raids have caused workers to lose hours and income, and forced them into hiding at home, according to interviewsUndocumented builders face exploitation amid Trump raidsUndocumented farm workers feel they’re being “hunted like animals”, they told the Guardian, as Donald Trump’s administration ramps up its crackdown on immigration.Raids by Immigration and Customs Enforcement (Ice) have caused workers to lose hours and income, and forced them into hiding at home, according to interviews. Continue reading...

Politics

7 d. ago Undocumented builders face unchecked exploitation amid Trump raids: ‘It’s more work, less pay’

In a new series on undocumented workers, construction laborers tell the Guardian fear is fueling wage theft and workplace abuseAs the Trump administration ramps up its crackdown on immigration, undocumented workers in the construction industry claim raids and arrests have emboldened some contractors to cut pay and increase hours.Rogelio, a tile setter, works for various contractors in the the Tucson, Arizona region. He is undocumented, and did not provide his full name. Continue reading...

Politics

2 w. ago Interest rates would have been cut, if not for Trump’s tariffs, Fed chair says

Trump has pressured Powell and the Fed to lower short term interest rates

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

2 w. ago Musk will ‘do everything to damage’ Trump and is building political influence to rival MAGA, mogul’s former friend reveals

Former friend to Musk warned Trump that Elon Musk could seek revenge behind the scenes

Politics

2 w. ago Protesters blockade Palantir’s offices calling for an end to ‘totalitarian police surveillance’ as tech company aids ICE deportations

Six people were arrested in New York City in protests over the firm’s alleged work building a massive new surveillance apparatus for President Donald Trump

Events

2 w. ago White House says decision on nominating next Fed chair not ‘imminent’

US dollar fell after report that Donald Trump could name nominee to succeed Jay Powell as soon as this summer

Society

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

3 w. ago South Dakota eager for Trump's statue garden near Mount Rushmore despite local opposition

Officials in South Dakota are pushing hard to build President Donald Trump’s proposed National Garden of American Heroes in the Black Hills near Mount Rushmore

Politics

3 w. ago Where is Iran's missing 880lbs of uranium? Ayatollah may have moved enough to build nukes before Trump struck

Senior Trump administration officials conceded they do not know the fate of Iran's 880 pounds of near-bomb-grade uranium. 

Politics

3 w. ago 'Donald Trump let Iran build nukes and now he's waging war for a Nobel Peace Prize'

Donald Trump's taking the world to the brink just so he can claim to have saved it, says Fleet Street Fox. He let Iran have the nukes he's now waging war over

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

4 w. ago Trump calls Fed Chair Jerome Powell ‘a stupid person’ ahead of key interest rate decision

The Federal Reserve is set to keep interest rates the same despite Trump’s desire to see a rate cut

Politics