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Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth
The central bank leader said that while he expects higher inflation and lower growth, it's unclear where the Fed will need to devote greater focus.
Published on: April 16, 2025 | Source:
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Temu slashes U.S. ad spending, plummets in App Store rankings after Trump China tariffs
Trump's tariffs have upended Temu's business model and its advertising strategy.
Published on: April 16, 2025 | Source:Trump tariffs put Fedβs jobs and inflation goals at risk, Powell says
US central bank chair says βwithout price stability, we cannot achieve long periods of strong labour market conditionsβ
Published on: April 16, 2025 | Source:US engaging on global tax deal despite Trumpβs defiance, OECD says
Landmark agreement to reform corporate tax for tech and multinationals is struggling to move forward
Published on: April 16, 2025 | Source:Temu and Shein slash US ad spending as trade war hits
Chinese retailersβ retreat threatens Big Tech advertising revenues
Published on: April 16, 2025 | Source:California suing Trump to stop his 'unlawful' tariffs
Trump's tariffs have whipped up historic market volatility and frayed America's relationships with its allies and trading partners.
Published on: April 16, 2025 | Source:Asiaβs straining middle class
For sustained income growth, policymakers must bolster economic resilience
Published on: April 16, 2025 | Source:Nvidia blindsided by Trumpβs curbs in multibillion-dollar blow to China sales
US chipmaker reveals $5.5bn impairment, while full hit to China revenues could surpass $10bn
Published on: April 16, 2025 | Source:US consumers rushed to buy cars ahead of Trumpβs auto tariffs
Vehicle sales jump in March before implementation of steep levies
Published on: April 16, 2025 | Source:Scale AI working with Qatar to develop AI agents for education, health care and transportation
Scale AI's partnership with Qatar's government includes developing AI tools for education, health care and transportation, according to a list viewed by CNBC.
Published on: April 16, 2025 | Source:Chinese tea firm Chagee aims for $400mn New York IPO despite tariff war
Maker of βteaspressosβ and βteapuccinosβ could be second-biggest Chinese listing in US in more than three years
Published on: April 16, 2025 | Source:Q&A: How has Trump changed the world order?
FT journalists answered questions on the changing trade, economic and geopolitical relationship between the US and its allies
Published on: April 16, 2025 | Source:Truth, lies and the betrayal of Ukraine
The Trump administrationβs falsehoods over the war are doing profound damage to Americaβs global standing
Published on: April 16, 2025 | Source:United Airlines gives two 2025 profit outlooks, calling economy 'impossible' to predict
United Airlines said a deterioration in bookings could lead it to lower its 2025 outlook to $7 to $9 a share from $11.50 to $13.50.
Published on: April 16, 2025 | Source:Bank of Canada holds policy rate at 2.75%
Decision comes as country faces economic uncertainty from US trade war
Published on: April 16, 2025 | Source:Nvidia to take $5.5bn hit as US clamps down on AI chip sales to China
Trump administrationβs curbs send chipmakerβs shares sliding
Published on: April 16, 2025 | Source:British Steelβs Chinese owner says UK government must βrespectβ its rights
Jingye makes first comments after ministers seized control of struggling company
Published on: April 16, 2025 | Source:The ghosts of βpoor Indiaβ are back on film
Satyajit Rayβs βApu Trilogyβ has found a new audience with young cinemagoers more accustomed to Bollywood bling
Published on: April 16, 2025 | Source:China replaces top international trade negotiator as talks with Washington stall
The appointment makes Li a key member of China's trade negotiation team as Beijing deals with trade disputes with the U.S.
Published on: April 16, 2025 | Source:Nvidia says it will record $5.5 billion charge tied to H20 processors exported to China
Nvidia will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other destinations.
Published on: April 16, 2025 | Source:Japan hosts unlikely winners of the global AI boom
Companies that were struggling to find growth in electric vehicles are back in demand
Published on: April 16, 2025 | Source:Gavin Newsom says California to sue over Trump tariffs
State governor argues duties will lead to job losses and higher prices
Published on: April 16, 2025 | Source:America is turning away Chinaβs goods. Where will they go instead?
South-East Asia is exposed to both Chinese import competition and American ire
Published on: April 16, 2025 | Source:Stockmarkets do not reward firms for investing in Trumpβs America
The perils of reshoring
Published on: April 16, 2025 | Source:Tariffs clear the way for European Central Bank interest rate cut
The European Central Bank is widely expected to trim interest rates for the third time this year on Thursday.
Published on: April 16, 2025 | Source:Trump tariff war to slash North American exports by 13%, warns WTO
Ngozi Okonjo-Iweala says US-China trade conflict could βforce countries to chooseβ between the two
Published on: April 16, 2025 | Source:The European Union braces for more U.S. tariffs despite talks
It's been an intense back-and-forth over the past few months, with Trump accusing the EU of being among the worst culprits in its trade treatment of the U.S.
Published on: April 16, 2025 | Source:Lyft to buy taxi app Free Now for $200 million to expand into Europe
The acquisition β Lyft's first in Europe β is expected to close in the second half of 2025.
Published on: April 16, 2025 | Source:Can the euro go global?
With the dollar faltering, European policymakers have an opportunity
Published on: April 16, 2025 | Source:Poor countries would miss King Dollar
Even though they normally like a weaker greenback
Published on: April 16, 2025 | Source:Hell is other peopleβs currencies
As the Trump administration may soon find out
Published on: April 16, 2025 | Source:How Trump might topple the dollar
For the first time in many decades, the greenback looks vulnerable
Published on: April 16, 2025 | Source:Google faces Β£5 billion lawsuit in the UK for abusing 'near-total dominance' in search
A class action lawsuit filed Tuesday in the U.K. Competition Appeal Tribunal claims Google abused its position to restrict competing search engines.
Published on: April 16, 2025 | Source:Trump tariffs drove a Treasury sell-off β who sold the safe-haven asset?
In just a few sessions, yield on the 10-year Treasury soared to 4.592% on Friday, the highest since February, while the 30-year notched its highest since November 2023 last Wednesday.
Published on: April 16, 2025 | Source:CNBC's The China Connection newsletter: The U.S. wants China to call. Why it wonβt β for now
The last time Donald Trump and Chinese President Xi Jinping spoke was just before the January 20 inauguration.
Published on: April 16, 2025 | Source: