Page 634 - World News

US Fed could be in 'difficult' spot with higher prices, slower hiring

Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated, and they said it could cut its rate if growth slowed and unemployment rose

Trump reverses Biden-era rule, allows more water flow from showerheads

Biden and former President Barack Obama both imposed restrictions on water flow from showerheads and other appliances

Asian shares surge as Trump pauses tariffs, boosting US market to record

Analysts had anticipated the regional rebound after US stocks saw one of their best days ever on a euphoric Wall Street, driven by investor hopes that Trump would ease tariff measures

Trump's 'buy' tip before tariff pause paid off for investors who listened

Trump's 53 per cent ownership stake in the company Trump Media, now in a trust controlled by his oldest son, Donald Trump Jr, rose by $415 million on the day

US stocks surge, dollar gains in dramatic relief as Trump halts tariffs

The S&P 500 ended 9.5 per cent higher, while the Nasdaq rose 12.2 per cent in its biggest one-day gain since January 3, 2001

Army Secretary Driscoll replaces Kash Patel as acting head of ATF

It was not immediately clear why Patel was replaced by Army Secretary Daniel Driscoll to lead the Justice Department agency that's responsible for enforcing the nation's gun laws

US Treasury Secy defends China tariffs, says India important trade partner

US Secretary of the Treasury Scott Bessent emphasised that such a move focuses on countries like China, which have been contributing to imbalances in the global economy

Trump announces 90-day pause on tariffs, raises China tariffs to 125%

US President Donald Trump doubled down on his tough stance on Beijing by raising the tariff on Chinese goods to 125 per cent, effective immediately

Whispers of change in China as some companies tell staff to work less

In another sign of how the zeitgeist for China Inc is slowly changing, a Beijing law firm was fined in March for not taking corrective measures after it illegally extended staff working hours

World leaders desperate for trade deals amid tariff chaos, claims Trump

Trump's tariffs include massive 104 per cent duties on Chinese goods while dozens of other nations, including the European Union, will face tariffs ranging from 11 per cent to 50 per cent

Walmart backs annual forecasts, vows to keep prices low amid tariff woes

The company's shares, which have fallen nearly 9 per cent since the announcement of a raft of tariffs on April 2, rose about 5 per cent in early trading

Sebi chief assures of no systemic risk despite tariff-induced selloff

Pandey - who took charge of Sebi last month - touted the country's settlement system as unique where trade clearing houses of both the National Stock Exchange of India Ltd. and BSE Ltd

China, EU hit back with their own tariffs as Trump's trade war intensifies

China announced a tariff hike on US imports to 84 per cent from 34 per cent, shortly after Trump's punitive 104 per cent tariffs on Chinese imports kicked in on Wednesday

US stocks steady despite jitters; bonds feel heat after tariff escalation

The Dow Jones Industrial Average was down 170 points, or 0.5 per cent, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5 per cent higher

Delta CEO says won't pay tariffs on Airbus planes, cites trade tensions

Delta Chief Executive Officer Ed Bastian said he has been 'very clear' with Airbus and would defer any deliveries with the additional expenses

US sanctions Iran amid talks over nuclear programme, Trump issues warning

The US Treasury Department in a statement said it imposed sanctions on five Iran-based entities and one person based in Iran for their support of Iran's nuclear program

Fed's Musalem sees growth slipping below trend, higher inflation risk

Higher prices from tariffs could lead to a one-time price shock that the Fed could largely look through in setting policy, though Musalem said he regarded that approach as risky

Treasuries, US dollar see fall as Trump's trade war sparks recession fears

US stocks were in positive territory early, with investors weighing whether recent sharp selling may have been overdone, although trading remained choppy as it has been all week

JPMorgan CEO Dimon warns of recession & defaults, urges quick trade talks

JPMorgan's economists raised the risk of a US and global recession this year to 60 per cent from 40 per cent after Trump unveiled the trade barriers

EU slaps new tariffs on $23 bn in US goods over Trump's metal duties

The tariffs will go into effect in stages, with some on April 15 and others on May 15 and Dec. 1. The EU executive commission didn't immediately provide a list of the goods Wednesday