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Trump's new economic squeeze on Iran has a big challenge: China12:37 The Trump administration's new “economic onslaught” on Iran's financial connections around the world faces a challenge when it comes to China Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights12:37 An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs The US and Canada could pull back from an all-out trade war. It's not clear that they will12:37 The U.S. and Canada have ramped up their trade war, hitting each other with steep new tit-for-tat tariffs How to avoid a Social Security cut? Lawmakers are floating ideas for what to do12:37 Two senators who are set to retire have embarked on a mission to save tens of millions of Social Security beneficiaries from a projected 22% cut in their benefits, starting in just six years A Wildberries depot in Russia is hit again and destroyed as Ukraine extends its drone campaign12:37 Ukrainian long-range drones have struck a major warehouse belonging to Russia’s biggest online retailer, Wildberries, for the second time in six weeks Fed governor Lisa Cook slams Trump's renewed threat to fire her2:29 Federal Reserve governor Lisa Cook says the Trump administration has no legal basis to remove her from the central bank’s governing board Lucky Charms and Trix go au naturel as General Mills ditches artificial colors2:29 General Mills has removed artificial dyes from all its U.S. cereals, including Lucky Charms and Trix US targets Egyptian bank's UAE branches under new push for Iran's economic isolation18:29 The Trump administration is limiting an Egyptian bank's operations in the United Arab Emirates and accusing the financial institution of supporting Iran's leadership Fed Chair Warsh signals rate hikes may be needed with inflation still elevated16:54 Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has sent before about his economic outlook Washington chemical tank was called unfit for service before deadly failure, investigators find16:54 An inspection contractor found a chemical tank at a Washington state paper mill was unfit for service 10 months before its fatal failure in May |
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