According to informed sources, the U.S. government shutdown has set a new record for duration. A group of moderate Democratic senators have agreed to support a deal that will reopen the government and provide funding for some departments and agencies for next year. The U.S. government shutdown is about to come to an end. Under […]
The company said at its annual general meeting on Thursday that more than 75% of the votes were in favor of this unprecedented compensation package. This outcome marks the successful conclusion of the weeks-long campaign by the board of directors, CEO and well-known retail investors of this electric vehicle manufacturer to seek support. This compensation […]
The U.S. government shutdown has become the longest in history, and there are no signs of a solution in the short term. The economic losses it has caused are intensifying. The current government shutdown has lasted for 36 days, surpassing the record set in early 2019 during President Trump’s first term. Analysts estimate that for […]
Nvidia CEO Jensen Huang announced a series of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are expected to generate $500 billion in revenue. Huang Renxun said at the company’s press conference in Washington on Tuesday that the Blackwell processor (Nvidia’s flagship AI accelerator) and the newer Rubin model […]
Three Federal Reserve officials said they did not support the decision to cut interest rates this week, confirming Federal Reserve Chair Jerome Powell’s warning on Wednesday that another rate cut in December is far from guaranteed. Dallas Fed President Lorie Logan and Cleveland Fed President Loretta Mester said on Friday that they preferred to keep […]
Just as Mark Carney was working to shield Canada from the impact of the trade war, President Donald Trump launched a new round of tariff attacks on Canada. This weekend, the US leader announced a 10% tariff on Canadian goods – the cause being a critical advertisement in Ontario – while Prime Minister Trudeau began […]
Israel and Hamas have agreed to release all the hostages held by Palestinian radical groups in the Gaza Strip, marking a major breakthrough in the negotiations brokered by the United States and Qatar to end the two-year war between the two sides. Trump posted on social media on Wednesday: “I am very proud to […]
Federal Reserve Chair Jerome Powell bluntly warned investors to lower expectations for a rate cut in December, highlighting the growing tug-of-war among US policymakers over the outlook for jobs and inflation. Although Powell made it clear that the main concern of some people is the cooling of the job market, other officials within the Federal […]
Two things are expected to happen at this week’s Federal Reserve meeting: officials will cut interest rates by 0.25 percentage points, and Chair Jerome Powell will offer little guidance because the widening rift among policymakers has clouded the path ahead. Powell said earlier this month that the Federal Open Market Committee would still be watching […]
Finance Minister Scott Bessent confirmed on Monday that the list of candidates for the next chairperson of the Federal Reserve has been reduced by about half. There are currently about five candidates remaining. They are: current Federal Reserve governors Christopher Waller and Michelle Bowman, former governor Kevin Warsh, White House National Economic Council director Kevin […]