Jerome Powell, who stepped down this week as chair of the Federal Reserve, had his hits and misses. The Fed was late to react as prices started rising when the Covid pandemic abated, but they eventually acted forcefully and...
Closing arguments began on Thursday in Elon Musk’s lawsuit against Sam Altman and OpenAI, bringing the weeks-long courtroom battle between the two tech moguls nearer to a decision. A nine-person jury is set to deliberate and return a verdict...
Israel’s prime minister, Benjamin Netanyahu, and foreign minister, Gideon Sa’ar, have threatened to sue the New York Times for defamation over the publication of an essay by Nicholas Kristof detailing allegations that Palestinian women, men and children have been...
The US Department of Justice is dropping its fraud charges against the Indian billionaire Gautam Adani, the richest man in Asia, after he hired a new legal team led by Donald Trump’s personal lawyer, according to new reports.
In an...
US secretary of state Marco Rubio said the US policy on Taiwan is “unchanged” after talks between Donald Trump and Xi Jinping.
Xi emphasised that Taiwan “is the most important issue in China-US relations”, adding that, if handled poorly, “the...
It was a dark Friday for Wall Street on 27 March. Oil prices were climbing and the war with Iran raged on. Markets responded accordingly, with the Dow and Nasdaq entering correction territory, falling more than 10% below their...
The US Senate confirmed Kevin Warsh as chair of the Federal Reserve, one of the most powerful roles in the federal government that holds enormous sway over the economy.
The 54-45 Senate vote on Wednesday was split along party lines,...
Uline, a business and shipping supplies company owned by billionaire Trump supporters Richard and Elizabeth Uihlein, is pausing the construction of a new distribution facility in Kenosha, Wisconsin, citing economic uncertainty.
The construction pause comes in a key battleground state,...
Donald Trump has said the growing financial pressure inflicted on Americans by the war on Iran is “not even a little bit” motivating him to make a peace deal with Tehran.
With US inflation at a three-year high, and fuel...
The fugitive Malaysian financier Jho Low, a central figure in the multibillion-dollar scandal at the state fund 1Malaysia Development Berhad (1MDB), is reportedly seeking a pardon from the US president, Donald Trump.
Low faces multiple charges including corruption and money...
