The US Federal Reserve held interest rates steady on Wednesday, resisting intensifying political pressure from President Donald Trump, even as new economic data revealed stronger-than-expected headline growth. The Federal Open Market Committee (FOMC) voted to keep its benchmark rate in the range of 4.25 to 4.5 per cent, a level it has maintained since December. While widely expected, the decision ...
The Treasury Department announced Wednesday that it would be officially imposing sanctions on Brazilian Supreme Federal Court Justice Alexandre de Moraes, the jurist leading a criminal investigation against former right-wing President Jair Bolsonaro. News of the sanctions comes after President Trump threatened a 50% tariff on products from Brazil unless the country stopped what Trump has described as an ‘unjust’ ...
A Senate Republican wants the Justice Department to investigate, and potentially prosecute, former Special Counsel Jack Smith over whether he ‘unlawfully took political actions to influence the 2024 election’ against President Donald Trump. Sen. Tom Cotton, who chairs the Senate Intelligence Committee, accused Smith of seeking to impact the 2024 election in his capacity as special counsel under the Biden-led ...
The Supreme Court revealed on Wednesday that Ghislaine Maxwell’s appeal to her sex trafficking conviction will be among the many cases the high court reviews at a closed-door conference in September. The Supreme Court posted a brief notice indicating it plans to examine a petition from Maxwell, Jeffrey Epstein’s former girlfriend and associate, on Sept. 29, marking the first time ...
Israel-supporting Democratic Rep. Ritchie Torres revealed on Tuesday he no longer has a relationship with some of his family due to his support for Israel. ‘I’ve lost friends, all of you have lost friends there,’ he told a room full of Jewish students at the Israel on Campus Coalition Summit on Tuesday. ‘I’m no longer on speaking terms with with ...
Kyle Handley I signed the economists’ amicus brief in V.O.S. Selections, Inc. v. Trump because it challenges something deeper than just one set of tariffs—it challenges the use of emergency powers in a way that threatens the stability and predictability of US trade policy for US businesses and consumers. The main points are simple enough: bilateral trade deficits (and surpluses) ...
As more Bank of England (BoE) interest rate cuts are expected to take place over the second half of 2025, it’s time to assess whether it’s time to take a fresh look at your investment strategy. Following a period where the BoE began hiking rates in late 2021 as a result of rising inflation, a series of cuts began in ...
Do you recall the days when the only thing discussed at corporate sustainability meetings was recycling bins, followed by a round of nods? Those times have long since passed. Carbon targets and net-zero deadlines, which looked unattainable only a few years ago, are already causing CEOs to lose sleep. There is pressure everywhere. Real action, not simply heartwarming press releases, ...
Senate Minority Leader Chuck Schumer, D-N.Y., said Wednesday that Democrats invoked a century-old law to force President Donald Trump’s Department of Justice and the FBI to release the Jeffrey Epstein files. At a press conference, Schumer said he joined all his Democratic colleagues on the Senate Homeland Security Committee in invoking ‘a century-old and little-known law known as the Rule ...
President Donald Trump dished on the ‘strange story’ stemming from reports that a Secret Service agent attempted to smuggle his wife onto a Secret Service cargo plane accompanying the president on his trip to Scotland, as the Secret Service kicks off an investigation into the incident. Trump told reporters that he had just heard about the alleged incident, which he ...