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6 days ago | 
today.westlaw.com | Andrea Shalal |Franklin Paul |Dan Burns |Lisa Shumaker
WASHINGTON (Reuters) -White House economic adviser Kevin Hassett on Friday said President Donald Trump and his team were continuing to study if they could fire Federal Reserve Chair Jerome Powell, a sign that such a move, a matter of great...
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1 week ago | 
today.westlaw.com | Rosalba O'Brien |Dan Burns
(Reuters) - President Donald Trump's firing of Democrats from two federal labor boards leaves the independence of the U.S. Federal Reserve vulnerable should his actions be allowed to stand, lawyers for the two fired individuals wrote on Tuesday in...
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1 week ago | 
money.usnews.com | Dan Burns
(Reuters) - U.S. President Donald Trump's rollback of some of the steep tariffs he has imposed has done little to lower the average import duty rate from the elevated levels to which his wave of levies had driven them, researchers from Yale University said on Thursday. Trump on Wednesday unveiled a 90-day pause on the highest rates he had imposed under the two-tiered global tariffs he had announced a week earlier.
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2 weeks ago | 
kfgo.com | Dan Burns
(Reuters) – The stock market plunge has more to do with the surprise emergence of China’s DeepSeek artificial intelligence tool earlier this year than it does with President Donald Trump’s policies, U.S. Treasury Secretary Scott Bessent said in an interview with Tucker Carlson released on Friday.
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2 weeks ago | 
streetinsider.com | Dan Burns
Privacy Preference CenterWhen you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies.
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3 weeks ago | 
wimz.com | Dan Burns
(Reuters) – The U.S. tariff rate on all imports has rocketed to 22% from just 2.5% in 2024 under the new global levies imposed by President Donald Trump, Fitch Ratings’ U.S. economic research chief said on Wednesday. “That rate was last seen around 1910,” Olu Sonola, Fitch’s head of U.S. economic research, said in a statement after Trump’s announcement for a global baseline import tax of 10%, but much higher rates for many trading partners.
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3 weeks ago | 
streetinsider.com | Dan Burns
Privacy Preference CenterWhen you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies.
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3 weeks ago | 
usnews.com | Dan Burns
(Reuters) - President Donald Trump is not imposing his new 10% global tariff rate on goods from Canada and Mexico while his previous order remains in place for up to 25% tariffs on many goods from the two in connection to border control and fentanyl trafficking issues, according to a White House fact sheet released on Wednesday. "For Canada and Mexico, the existing fentanyl/migration ... orders remain in effect, and are unaffected by this order," the White House fact sheet said.
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3 weeks ago | 
wncy.com | Dan Burns |Howard Schneider
By Dan Burns and Howard Schneider(Reuters) – As the world emerged from pandemic shutdowns in early 2021, a supply chain shock left a lasting imprint on the cost of owning a car in the U.S., spilling out first through prices of used and then new cars and on to replacement parts and finally to loan costs and vehicle insurance rates.
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1 month ago | 
marketscreener.com | Dan Burns
(Reuters) - Factory activity in New York State plummeted this month by the most in nearly two years, a survey showed on Monday, with new orders falling sharply and input prices climbing at the fastest rate in more than two years in the latest sign the economy may be weakening. The Federal Reserve Bank of New York said its Empire State manufacturing index plunged by nearly 26 points - the largest drop since May 2023 - to a reading of negative 20.0 from positive 5.7 in February.
