BUSINESS AND ECONOMY
Latest news and updates
Fed governor Lisa Cook slams Trump’s renewed threat to fire her - AP News
Federal Reserve governor Lisa Cook says the Trump administration has no legal basis to remove her from the central bank’s governing board. Her response to renewed threats from the …
Why carmakers are staying quiet despite 'cataclysmic' Canada tariff threat - Politico
Trump has threatened to raise tariffs on automobiles and parts to 50 percent if Canada and the U.S. can’t strike a deal by Jan. 1.…
Trump signs controversial beef import plan despite ranchers' backlash - Politico
A slew of Republican lawmakers and beef industry allies have come out against President Donald Trump's plans that aim to lower the cost of ground beef.…
Trump administration proposes $103,000 fee for H-1B visas after legal setback - The Washington Post
The president contends the program to hire skilled foreign workers has been used to take jobs away from Americans. A judge struck down a previous attempt to implement a similar fee…
Pence says U.S.-Canada trade fight adds to affordability concerns for economy - The Washington Post
“I think the last thing we need right now, as our economy is getting back on its feet, is a trade war with Canada,” the former vice president told CNN.…
US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance - Bloomberg.com
Bond investors will zero in on Kevin Warsh’s Jackson Hole speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserv…
Trump’s foreign beef push to cut grocery costs sparks GOP revolt from ranching country - Fox Business
President Donald Trump's tariff-free beef import plan faces GOP resistance as Republican lawmakers warn it undercuts ranchers rebuilding the cattle herd.…
Boeing engineers, technical workers reject contract offer - CNBC
Boeing engineers and technical workers rejected the U.S. planemaker's four-year contract offer, union officials said on Friday.…
TikTok to pay $400m to US in one of largest child privacy settlements - BBC
The deal stems from a 2024 lawsuit alleging TikTok and its parent company ByteDance collected "vast amounts of data" on millions of users under the age of 13.…
L.A. Mayor Karen Bass Throws Her Support Behind Paramount-Warner Bros. Discovery Settlement - The Hollywood Reporter
The mayor previously stated that she opposed the $111 billion merger deal unless jobs were preserved in the transaction.…