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Every company at every stage of the supply chain will try to pass on the cost of US tariffs, as much as possibleBurying the hatchet with Brussels, Donald Trump – flanked by the leader of the European Commission – hailed a bold new era of transatlantic …
Method of payment a recent addition as US treasury gives kind-hearted citizens chance to help reduce $36.72tn debtJohn F Kennedy’s sage words from his inaugural address are forever seared into America’s political consciousness:“Ask not what your countr…
Sam Altman also said AI could already diagnose better than doctors, as his company expands into WashingtonDuring his latest trip to Washington, OpenAI’s chief executive, Sam Altman, painted a sweeping vision of an AI-dominated future in which entire jo…
Congressional Budget Office report estimates bill will leave 10m more Americans without health insurance by 2034Donald Trump’s new tax bill will add $3.4tn to the national debt over the next decade, according to new analysis from the nonpartisan Congre…
The White House is trying to drive out the Federal Reserve chair. Critics warn it would be a costly bid to pass the buckMemo from the White House: inflation is “right on track”, it declared this week, citing the latest official data. Price growth is no…
In new attack, US president accuses Jerome Powell of preventing central bank from lowering interest ratesBusiness live – latest updatesDonald Trump has renewed his attacks on Jerome Powell, calling the US central bank chair a “numbskull” and accusing h…
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 verge of firing the Federal Reserve chair, Jerome Powell, rattling Wall Street and renewing …
Inflation remains far below the peaks seen three years ago, when price increases reached as high as 9%Inflation shot up in June as the impacts of Donald Trump’s tariffs slowly started to show in US prices.Business leaders have said for months that the …
Kevin Hassett says talks are ‘ongoing’ after US president announced 30% tariffs on goods from EU and MexicoDonald Trump has seen some trade deal offers and thinks they need to be better, Kevin Hassett, the White House economic adviser, said on Sunday, …
Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38A cornerstone of the American dream is drifting out of reach.The estimated number of first-time homebuyers in the US dropped to a little more than 1…