WASHINGTON: US paper currency will soon feature the signature of sitting President Donald Trump, marking a historic first, the Treasury Department announced on Thursday. The change is set to take effect this summer as part of commemorations for the 250th anniversary of American independence. Read More: Dollar rises as Trump signals Fed pick, shutdown fears ease The redesigned […]
US economy
US Federal Reserve holds rates steady amid Trump pressure
The US Federal Reserve held interest rates steady on Wednesday, resisting pressure from President Donald Trump to implement cuts. In a 10-2 vote, the central bank maintained the federal funds rate at 3.50–3.75%, citing solid economic growth and stabilizing unemployment. Read More: Dollar faces pressure but remains dominant in global finance The Federal Open Market […]
Gold, silver, platinum hit record highs amid economic uncertainty
Gold extended its record-setting rally on Friday, while silver and platinum also reached all-time highs as investors sought refuge from geopolitical tensions and growing doubts over US assets. Read More: Precious metals rally as silver tops $75, gold and platinum hit records Spot gold rose 0.4 percent to $4,957.10 per ounce as of 05:36 GMT (10:36am PKT), after earlier touching $4,966.59, […]
US economic growth hits two-year high
NEW YORK: The United States (US) economy expanded at an annualised rate of 4.3 per cent in the third quarter, marking its fastest growth in two years and significantly exceeding market expectations, according to data released by the Commerce Department on Tuesday. Read More: Trump claims historic Gaza peace, hails US economic boom The stronger-than-expected performance […]
Trump claims historic Gaza peace, hails US economic boom
US President Donald Trump addressed the nation from the White House, highlighting his achievements and criticizing his Democratic predecessors. He used the 19-minute speech to promote a narrative that the country is on the right track, despite declining approval ratings. Trump claimed that America is strong, respected, and nearing unprecedented economic prosperity. In his speech, […]
Trump highlights first-year achievements in pre-holiday address
WASHINGTON: US President Donald Trump delivered a pre-holiday address from the White House on Wednesday, portraying his first year in office as a success despite Americans’ concerns about the economy and Republicans facing challenging midterm elections in 2026. Read More: Trump 2.0: US Revival or Regression – I Trump opened by blaming former President Joe Biden […]
Walmart posts blockbuster quarter as outlook strengthens
NEW YORK — Walmart delivered a robust third quarter, reporting stronger-than-expected sales and profits as it continues to attract shoppers across income groups amid lingering economic uncertainty. The retail giant, which serves as a key indicator of U.S. consumer spending trends, said its performance has positioned it for a strong holiday shopping season. The company […]
Trump asks DOJ to probe high beef prices
WASHINGTON – US President Donald Trump on Friday called on the Justice Department to investigate the meatpacking industry, accusing companies of collusion, price fixing, and manipulation that he says are driving up beef costs. Trump made the announcement in a social media post on Truth Social, saying that American ranchers were being unfairly “blamed” for […]
Trump refocuses on affordability to win over concerned voters
WASHINGTON — President Donald Trump is shifting his messaging strategy to highlight affordability and combat voter concerns about the rising cost of living. The approach emphasizes new tax breaks, progress on inflation, and recent deals to reduce prescription drug prices, aiming to appeal to voters who cited economic issues as their top priority in recent […]
Dollar Weakens as U.S. Economic Worries and Trade Tensions Boost Yen and Euro
TOKYO – The U.S. dollar weakened on Friday as concerns about the economy and global trade tensions encouraged expectations of more interest rate cuts by the Federal Reserve. The dollar index, which tracks the greenback against a basket of currencies, was little changed at 98.23, but is set for its biggest weekly drop in almost […]