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Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….
Columbia University on Monday, April 29, began suspending students who refused to leave a ‘Gaza Solidarity Encampment’ after negotiations with protesters failed and the students decided to ignore a warning that remaining would lead to their suspension and eviction. Columbia said the nearly two-week-long protest violated university policies, created an unwelcoming and “intolerable” environment for…
The war in Gaza spurred large protests outside a glitzy roast with U.S. President Joe Biden, journalists, politicians and celebrities on April 27 but went all but unmentioned by participants inside, with Mr. Biden instead using the annual White House correspondents’ dinner to make both jokes and grim warnings about Republican rival Donald Trump’s fight…
The House swiftly approved $95 billion in foreign aid for Ukraine, Israel and other U.S. allies in a rare Saturday session as Democrats and Republicans banded together after months of hard-right resistance over renewed American support for repelling Russia’s invasion. With an overwhelming vote, the $61 billion in aid for Ukraine passed in a matter…
Read More “U.S. House passes billions in aid for Ukraine and Israel after months of struggle” »
A jury of 12 people was seated Thursday in former U.S. President Donald Trump’s hush money trial, propelling the proceedings closer to opening statements and the start of weeks of dramatic testimony. The jury includes a sales professional, a software engineer, a security engineer, an English teacher, a speech therapist, multiple lawyers, an investment banker…
U.S. Treasury Secretary Janet Yellen is headed to a China determined to avoid open conflict with the United States, yet the world’s two largest economies still appear to be hashing out the rules on how to compete against each other. There are tensions over Chinese government support for the manufacturing of electric vehicles and solar…
Now that Nikki Haley has ended her U.S. presidential campaign, one person who voted for her refuses to back former President Donald Trump and plans to reluctantly vote for President Joe Biden. Another Haley primary supporter acknowledges that he was probably always a “closet Trump fan” and will vote for the former president again in…
Read More “Nikki Haley’s supporters not all in favour of backing Republican nominee Donald Trump” »
In a courtroom showdown five years in the making, Donald Trump’s fixer-turned-foe Michael Cohen testified Tuesday that he worked to boost the supposed value of the former U.S. president’s assets to “whatever number Trump told us to.” Mr. Trump’s lawyers — and outside court, Mr. Trump himself — by turn sought to portray Mr. Cohen…
Read More “Fraud trial | Michael Cohen testifies against Trump, who calls him ‘proven liar’” »
U.S. House Majority Leader Steve Scalise, talks to reporters as he announces he is ending his campaign to be the next House speaker after a Republican meeting at the Capitol in Washington, on October 12, 2023. | Photo Credit: AP Representative Steve Scalise, who Republicans nominated to be the next speaker of the House of…
Read More “U.S. House speaker nominee Steve Scalise drops out of race, deepening crisis” »
September 26, 2023 10:01 pm | Updated 10:37 pm IST – WASHINGTON D.C. A logo of the Amazon fulfillment is seen outside the Amazon fulfillment centre in Kent, Washington. File | Photo Credit: Reuters The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on September 26, charging the online retailer with harming…
Read More “U.S. sues Amazon for breaking antitrust law, harming consumers” »