WASHINGTON (AP) — President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics. Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations…
US Secretary of State Marco Rubio said on Tuesday that he will work with European allies and non-European countries on security guarantees for Ukraine. Key quotes Will work with European allies and non-European countries to build a security guarantee for Ukraine. Was in the room when Trump and Putin spoke. Confirmed that Trump suggested to Putin that he…
United States (US) President Donald Trump and Russian President Vladimir Putin concluded an initial face-to-face meeting in Alaska late Friday, with both parties delivering mutually inconclusive statements. Trump and Putin both delivered vague promises of “progress” on multiple fronts, but initial details remain light. Now, President Trump will be pivoting to hand-delivering Russia’s peace proposals…
JAKARTA, Indonesia (AP) — Peruvian President Dina Boluarte met his Indonesian counterpart Prabowo Subianto on Monday during a visit aimed at strengthening economic ties as the two countries for new markets amid geopolitical challenges and rising trade barriers. The signing came just four days after the U.S. President Donald Trump began imposing higher import taxes…
WASHINGTON (AP) — U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russia. “China will always ensure its energy supply in ways that…
A federal judge on Wednesday essentially accused the Trump administration of ignoring his orders to restore Voice of America’s operations and explain clearly what it is doing with the government-run operation that provides news to other countries. U.S. District Judge Royce Lamberth of the District of Columbia gave the administration until Aug. 13 to explain…
President Trump touted a preliminary trade deal with Japan earlier this week. Trade terms may be far less agreed-upon than White House officials led markets to believe. The announcement that Japan would invest $550B in US businesses for only 10% of the profits may have been premature. Japanese officials quietly hit newswires on Friday to…
The Dow Jones Industrial Average (DJIA) pulled back from Monday’s early gains after news outlets reported that accelerating Middle East conflicts took a turn early this week. According to early reporting, Iranian militants have launched a rocket strike targeting the Al-Asad Airbase, which is jointly operated by the US Air Force and the Iraqi Air…
NEW YORK (AP) — New York City is using ranked choice voting in its Democratic mayoral primary election Tuesday, a system that takes some explaining, even for New Yorkers who have used it before. Voters’ understanding of how ranked choice works could play a role in which candidate comes out on top in a race…
Some segments of the U.S. restaurant industry don’t support President Donald Trump’s proposal to eliminate federal taxes on tips, saying it would help too few people and obscure bigger issues in the way tipped workers are paid. The Independent Restaurant Coalition, which represents nearly 100,000 restaurant and bars, has appealed to Congress to reconsider the…