Kevin Warsh Set to Lead Fed Amid Push for Sweeping Reforms
Kevin Warsh is expected to take over as the next chair of the U.S. Federal Reserve this month, returning to the central bank 15 years after resigning in protest against its large-scale bond-buying program....
U.S. Trade Court Deals Fresh Blow to Trump’s Tariff Strategy
A U.S. trade court has ruled that President Donald Trump’s temporary 10% global tariffs, imposed under Section 122 of the Trade Act of 1974, were not legally justified. However, the court limited its decision...
U.S. Jobless Claims Rise Slightly as Labor Market Remains Stable
The number of Americans filing new applications for unemployment benefits increased moderately last week, signaling continued stability in the U.S. labor market despite global economic concerns linked to the ongoing U.S.-Israel-Iran conflict. According to...
Rising Fuel Costs Drag U.S. Restaurant Sales Growth
Several major U.S. restaurant chains, including Wingstop and Domino’s, have reported weaker-than-expected sales growth in the latest quarter, attributing the slowdown to soaring gasoline prices triggered by the ongoing U.S.-Israeli war on Iran. As...