Browsing: Business

Federal Reserve Chairman Jerome Powell has formally responded to pointed questions from the White House regarding the ongoing renovation of the central bank’s Washington, D.C. headquarters. In a letter addressed to Office of Management and Budget Director Russell Vought, Powell

Annual inflation in the euro area increased to 2.0 percent in June 2025, rising slightly from 1.9 percent recorded in May, according to data released by Eurostat, the statistical office of the European Union. This marks a continued moderation compared

The United States House of Representatives late Wednesday advanced three key cryptocurrency regulation bills after a prolonged and contentious standoff among Republican lawmakers. The vote came after nearly ten hours of negotiations, marking the longest open vote in the House’s

Dow Jones futures traded slightly lower early Thursday, alongside minor moves for S&P 500 and Nasdaq futures, as investors assessed a fresh round of corporate earnings reports and awaited key economic data. Shares in Taiwan Semiconductor, GE Aerospace, and Nvidia

Wall Street enters a critical earnings season this week under growing pressure, with America’s largest banks set to report results against an increasingly challenging backdrop. After months of record highs in both the U.S. and Europe, signs are emerging that

Apple has announced a $500 million commitment to US-based MP Materials to secure a long-term supply of American-made rare earth magnets, reinforcing its push to strengthen domestic supply chains and reduce reliance on foreign sources. This agreement marks a significant

Imports at the Port of Los Angeles surged in June as American retailers scrambled to bring in goods ahead of potential new tariffs, highlighting the ongoing uncertainty surrounding U.S. trade policy. The port handled 470,450 twenty-foot equivalent units (TEUs) of

Meta Platforms has announced plans to invest hundreds of billions of dollars in computing infrastructure as part of its long-term ambition to develop artificial superintelligence. The move was confirmed by Chief Executive Mark Zuckerberg, who outlined the company’s strategy in

The U.S. consumer price index (CPI) report scheduled for release on Tuesday is expected to offer critical insights into the effects of President Donald Trump’s tariff policies on inflation, particularly as price pressures appear to be mounting across several sectors

The U.S. housing market is flashing increasingly urgent warning signs, with Moody’s Analytics Chief Economist Mark Zandi calling attention to mounting risks that could weigh heavily on the broader economy. Citing persistently high mortgage rates and weakening fundamentals, Zandi recently