NEW YORK (AP) — Wall Street’s relationship with the Trump administration is souring. Bank executives warned the White House on Tuesday that President Donald Trump’s policies and the Justice Department’s investigation into Federal Reserve Chairman Jerome Powell could harm the economy. BNY CEO Robin Vince criticized attacks on the Fed’s independence, saying it could raise…… MORE
Trump Pressures Iran With Tariffs That Could Raise Prices in the US
WASHINGTON (AP) — President Donald Trump has once again drawn his go-to diplomatic weapon — tariffs — to coerce the Iranian government to end its bloody crackdown on nationwide protests. Trump said he is imposing a 25% tax on imports to the United States from countries that do business with Iran. The sanctions could hurt…… MORE
Top Central Bankers Express ‘Full Solidarity’ With Fed Chair Powell in Clash With Trump
FRANKFURT, Germany (AP) — Central bankers from around the world have expressed full support for U.S. Federal Reserve Chair Jerome Powell. This comes after President Donald Trump escalated his confrontation with the Fed by threatening criminal charges. The central bankers, including European Central Bank President Christine Lagarde, emphasized the importance of central bank independence for…… MORE
Microsoft’s Brad Smith Pushes Big Tech to ‘Pay Our Way’ for AI Data Centers Amid Rising Opposition
Microsoft is trying to win over communities concerned about AI data centers. The company’s president, Brad Smith, is meeting with federal lawmakers to emphasize that the industry, not taxpayers, should cover the costs of these centers. Data centers have faced opposition in towns where they want to build. In Wisconsin, Microsoft has encountered hurdles but…… MORE
Trump Visits Ford Plant and Defends His Tariffs, Hoping to Counter Jitters About the Economy
DETROIT (AP) — President Donald Trump is defending his tariffs, using a major economic speech in Michigan to argue that they boost domestic manufacturing despite many Americans fears about rising prices. On Tuesday, he visited the plant where Ford’s F-150 is built to highlight his policies. Trump argued that tariffs are paid by foreign nations,…… MORE