International Business Times

US Federal Reserve Chair Jerome Powell, seen in early April, said Trump's tariffs could push up prices and slow growth

Trump Tariffs Could Put US Fed In A Bind, Powell Warns

US President Donald Trump's tariffs will likely push up prices and constrain growth, and could put the Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the central bank's chair said Wednesday.

Unease Grows Over Trump Tariffs Despite 'Progress' In Japan Trade Talks
Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.
Trump Says 'Joke' Harvard Should Be Stripped Of Funds
President Donald Trump called Harvard a "joke" Wednesday and said it should lose its government research contracts after the top US university refused to accept demands to come under outside political supervision.
Zuckerberg Denies Meta Bought Rivals To Bury Them
Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.
Trump Admin Proposes Redefining 'Harm' To Endangered Animals
The Trump administration aims to remove degradation of habitat from its definition of "harm" to endangered species, proposing Wednesday a rule change that would open the door to human activity in ecologically sensitive environments.
China Outlines What It Wants From The Trump Administration Before Negotiating Tariffs
Beijing said it wants to see more respect from the U.S. and a more consistent position before engaging in tariff negotiations
US Judge Says 'Probable Cause' To Hold Govt In Contempt Over Deportations
A US federal judge said Wednesday he had found "probable cause" to hold President Donald Trump's administration in contempt in a deportation case, raising the stakes in the White House's confrontation with the US justice system.
The Trump Adviser Who Wants To Rewrite The Global Financial System
One of the architects of US President Donald Trump's tariff blitz has advocated a shake-up of the global trade and financial systems, centred on a radical strategy to weaken the dollar.
Nvidia Shares Drop As Chipmaker Faces $5.5 Billion Impact From China Export Restrictions
Wall Street fell in opening deals, with Nvidia shares tanking by more than six percent, and the dollar and US government bonds were under pressure again.

ECB Ready To Cut Rates Again As Trump Tariffs Shake Eurozone

European Central Bank policymakers look increasingly likely to cut interest rates again on Thursday, with US President Donald Trump's stop-start tariff announcements sowing concern in the eurozone.

Economy in Focus

Asian Markets Boosted By 'Big Progress' In Japan Tariff Talks
Tokyo led stocks higher Thursday as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell's warning that Donald Trump's tariffs could force officials to choose between fighting inflation or unemployment.
Global Trade Uncertainty Could Have 'Severe Negative Consequences': WTO Chief
US-China Trade War Claims New Victim: Boeing Stock Slides—Here's What To Expect

War in Ukraine

As War Grinds On, Ukraine's Seniors Suffer
Like thousands of senior citizens in Ukraine, Zinaida Gyrenko was spending the sunset years of her life in a shelter, her retirement upended by Russia's invasion.
Trump Blames Zelensky For 'Millions' Of Deaths In Russian Invasion
US President Donald Trump resumed his attempts Monday to blame Ukrainian leader Volodymyr Zelensky for Russia's invasion, falsely accusing him of responsibility for "millions" of deaths.
Russia Says Deadly Sumy Strike Hit Army Meeting
Russia said Monday that its missiles hit a meeting of Ukrainian army commanders in Sumy, accusing Ukraine of using civilians as a "human shield" after Kyiv said the attack Sunday killed at least 34 people in one of the deadliest strikes of the entire war.
Zelensky Urges Trump To Visit Ukraine To See War Devastation: CBS
Ukrainian President Volodymyr Zelensky urged US counterpart Donald Trump on Sunday to visit his country to better understand the devastation wrought by Russia's invasion.

$XRP ETF: Franklin Templeton And All The Companies Seeking Approval From SEC So Far

Nine companies have so far filed to issue an $XRP ETF even as the crypto asset remains unmoved by growing interest in the product – which big names are seeking SEC approval?

Christian E. Urbina, President of Prosperitus Wealth Advisors

Contributor

Global Economy at an Inflection Point Again: Christian Urbina on Fiscal Strategy, Global Trade, and Investment Planning

Christian Urbina, President, CEO, and Chief Investment Officer of Prosperitus Wealth Advisors, LLC, believes this is a moment that demands clarity, strategy, and thoughtful action.

Contributor
Your Amazing Itty Bitty Business Dating Book: A Guide Through the Ups and Downs of Building Professional Synergy
Released to wide acclaim in July 2024, Barbara Robins' book is chock-full of catchy pointers to build and maintain a perfectly aligned system of collaborators to fulfill a business' potential.
Contributor
Will Grindle On Why The Future Of 5G Depends On People, Not Just Infrastructure
For Will Grindle, owner and Chief Stewardship Officer at Ascend, a leading infrastructure company specializing in cell tower construction and communications systems, the real story is about the people making it happen.

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Business Lookahead: Jobs, Prices And AI

From U.S. jobs numbers that could give the Fed pause for thought, to signs the AI bandwagon is picking up speed, these are the big stories to watch out for in business and finance in the coming days. Rachel Faber has the details.

US Economic Uncertainty Means Bigger 'Black Friday' Discounts
Dublin Riot Highlights 'Far-Right' Agitation Over Ireland Immigration
01:40
Taiwan Strait: Chinese Ship 'Cuts Off US Destroyer'
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Dashcam Video Captures Missile Falling Near Kyiv Car
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Saudi Pledges Big Oil Cuts In July

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World

Vespa Love Affair: Indonesians Turn Vintage Scooters Electric
When Indonesian executive Heret Frasthio takes his antique 1957 VL Vespa for a ride, its white paint peeling off, the usual fumes and hum of the free-spirited scooters cannot be seen or heard.
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Technology

National

US Eliminates Unit Countering Foreign Disinformation
The United States on Wednesday eliminated a key government agency that tracked foreign disinformation, framing the move as an effort to preserve "free speech."
Trump Freezes Over $2 Billion In Harvard Funding, Threatens To Revoke University's Tax-Exempt Status
Attorneys For Maryland Man Deported To El Salvador Say Trump Admin Has To 'At Least Required To Request' His Release

Politics

GOP Sen. Chuck Grassley Faces Tough Town Hall And Demands To Bring Back Deported Salvadoran Man
Chuck Grassley (R-Iowa) faced constituents who protested over the president's refusal to bring back the Salvadoran immigrant who was mistakenly sent to El Salvador's mega-prison.
GOP Lawmaker, And Harvard Alum, Rebukes Harvard As 'Epitome Of Academic Rot' Following Defiance Of Trump Admin
AOC Has Strongest Fundraising Quarter, Raking In Close To $10 Million As Her Profile Raises In The Democratic Party

Entertainment

Life & Style

'Toxic Beauty': Rise Of 'Looksmaxxing' Influencers
Hankering for a chiseled jawline, a male TikTok influencer strikes his cheekbones with a hammer -- highlighting the rise of "looksmaxxing," an online trend pushing unproven and sometimes dangerous techniques to boost sexual appeal.
AI Tool Aims To Help Conserve Japan's Cherry Trees
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