President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow. Putin said he has "practically agreed" to the proposals to end the war outlined in summit talks with U.S. President Donald Trump in Alaska in August. "To say that we reject something is simply incorrect and has no basis in fact," he said Friday at his annual televised press conference in Moscow. "This issue is entirely on the side of our Western opponents, so to speak, primarily the leaders" of Ukraine and...
The Israeli Air Force conducted a strike in Iran on Thursday, according to two sources with knowledge of the operation. It's not yet clear what Israel is targeting, but explosions were reported in Tehran. Why it matters: Israel is directly attacking its biggest and best-armed adversary, without clear backing from the U.S. President Trump publicly opposed an Israeli attack on Iran's nuclear sites on Thursday, saying he still believed a nuclear deal was possible. It's not clear whether Israel has ordered strikes on Iran's nuclear program, or whether the U.S. opposed this specific...
The Trump administration began sending termination notices Thursday to about 500,000 foreign nationals who had received temporary stays to live and work in the United States under a special humanitarian exception. The so-called CHNV program was open to applicants from Cuba, Haiti, Nicaragua and Venezuela from 2023 until it was terminated by President Donald Trump earlier this year. Recipients of the notices from the Department of Homeland Security are encouraged to "self-deport immediately." The move came two weeks after the Supreme Court ruled that DHS can order CHNV participants to...
President Donald trump ramped up his attacks on Federal Reserve Chair Jerome Powell on Thursday, calling him a "numbskull" and demanding steep rate cuts to ease the $600 billion annual interest bill on U.S. debt. Now, with inflation cooling faster than expected, rate cuts could be on the Fed's monetary policy table as soon as September, according to Citi economists. "We continue to pencil in 125bp of consecutive rate cuts from the Fed starting in September," Citi economists wrote, pointing to a rapid slowdown in core inflation as the key catalyst for policy easing. Trump's latest broadside...
U.S. President Donald Trump continues to press Jerome Powell and the Federal Reserve to cut interest rates, as inflation data remains subdued despite his aggressive tariff policy. While Trump continues to press for lower rates, he said he won't fire Powell. "We're going to spend $600 billion a year because of one numbskull that sits here," Trump said. "Cut your rates now, there's no inflation." Trump suggested the Fed cut interest rates by two full percentage points, which could save the U.S. up to $900 billion. This is larger than his past ask for a one percentage point cut from the Fed....
The Federal Reserve's path to interest rate cuts starting in September appeared to widen on Thursday, after a pair of government reports pointed to cooler inflation and signs of potential weakening in the labor market. U.S. producer prices advanced 2.6% in May from a year earlier, after rising 2.5% in April, the Labor Department reported. Taken together with tamer-than-expected increases in the Consumer Price Index in May, economists estimated that inflation by the Fed's preferred gauge of underlying price pressures, the core Personal Consumption Expenditures Price Index, likely rose in...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow.
Putin said he...