Stock market, central bank and economic news: indices, rates, inflation, currencies and the data driving global markets.
The Federal Reserve’s mandate has become a source of growing confusion and debate among economists and policymakers. While commonly referred to as having a “dual mandate” of maintaining full employment and price stability, the central bank actually operates under a three-part directive established by the Federal Reserve Reform
The United States conducted extensive airstrikes on Yemen Saturday, resulting in 32 casualties including children, according to Yemen’s Health Ministry. The military action prompted a stern warning from President Donald Trump to the Houthi rebels regarding attacks on vessels in the Red Sea. In response, the Houthi forces claimed
Recent trade data from the U.S. International Trade Administration reveals significant variations in how different states rely on imports from Canada and Mexico, which together accounted for 28% of total U.S. goods imports in 2024. The data has gained renewed attention following Donald Trump’s implementation of 25%
In a bold move reinforcing his commitment to American manufacturing, President Donald Trump has implemented new tariff measures targeting aluminum and steel imports, marking a significant shift in U.S. trade policy following his 2024 reelection. The administration has increased aluminum tariffs to 25% while maintaining the existing 25% levy
China’s recent Two Sessions conference at Beijing’s Great Hall of the People has highlighted the nation’s ambitious plans for 2025 and beyond. Foreign Minister Wang Yi delivered a powerful message positioning China as a stabilizing force in global affairs while addressing key diplomatic relationships and challenges. In
Over the past thirty years, prestigious American universities have engaged in practices that may ultimately lead to their downfall. These institutions operated with a sense of invulnerability, believing their reputations were too valuable to face serious consequences. Since the 1970s, these universities abandoned their nonpartisan stance, regularly violating civil rights
A federal judge has issued a temporary restraining order blocking President Donald Trump’s recent executive action that sought to revoke security clearances from employees of Perkins Coie, a prominent Washington law firm with ties to the controversial Steele dossier investigation. U.S. District Judge Beryl Howell made the ruling
A global human rights organization backed by George Soros has placed the United States on a watchlist of nations with deteriorating civil liberties, grouping America alongside authoritarian states like North Korea and China. The organization, CIVICUS, which received over $3.5 million from Soros’s Open Society Foundations between 2016
A major government efficiency initiative has resulted in the cancellation of over 200,000 federal credit cards after an extensive audit revealed they were sitting unused. This development was announced Monday evening by the Department of Government Efficiency (DOGE), now under the leadership of Elon Musk. The cancellations follow DOGE’
Chinese government officials called Walmart representatives to a meeting on Tuesday following reports that the retail giant had requested its Chinese suppliers reduce prices to offset new tariffs implemented by President Trump. The meeting, which involved China’s Ministry of Commerce and other regulatory bodies, addressed concerns over Walmart’s
Former President Donald Trump’s recent declaration about restoring US military presence at Afghanistan’s Bagram Airbase faces significant logistical challenges, with Pakistan emerging as a crucial player in any potential implementation of these plans. Trump’s stated intentions include both reestablishing a military foothold at Bagram and recovering equipment
Wholesale egg prices have seen a dramatic 24% decline following former President Trump’s announcement of plans to address supply chain issues stemming from the previous administration’s handling of avian influenza. The Urner Barry Egg Index reports prices have dropped from their January 24 peak of $7.57 to
