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Business Update

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Trump Administration Will Withhold $1.3 Billion in Medicaid Payments to California

Raj2 weeks ago01 mins

Vice President JD Vance said the state had not done enough to fight fraud in the public health insurance program. Source link

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  • Business

Wholesale Prices Jumped in April, in Latest Sign of War’s Economic Ripples

Raj2 weeks ago01 mins

The Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging. Source link

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  • Business

Senate Confirms Kevin Warsh as Fed Chair

Raj2 weeks ago01 mins

President Trump’s pick to replace Jerome H. Powell takes the helm at a highly uncertain moment for the economy and with heightened concern about the Federal Reserve’s ability to operate independently. Source link

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  • Business

What to Watch at Trump and Xi’s U.S.-China Summit

Raj2 weeks ago01 mins

Here’s what to know about the biggest sources of tension in U.S.-China relations before the first summit in Beijing in nine years between the nations’ leaders. Source link

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  • Business

Trump Administration Pushes I.R.S. to Identify Undocumented Immigrants

Raj2 weeks ago01 mins

The deliberations are a sign that the Trump administration may once again try to harness the power of the I.R.S. to advance its immigration agenda. Source link

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  • Business

An Uncertain World Awaits the Reopening of the Strait of Hormuz

Raj2 weeks ago01 mins

Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond. Source link

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Fuel Prices Drive Sales of E.V.s, Just Not in the U.S.

Raj2 weeks ago01 mins

Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant. Source link

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With a Friend in Trump, the Tobacco Industry Secures a Lucrative Win

Raj2 weeks ago01 mins

In a dispute over vapes, the president sided with tobacco companies that filled his groups’ coffers over his own F.D.A. commissioner, who resigned in protest. Source link

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  • Business

Why a Warsh-Led Fed May Keep Interest Rates Higher for Longer

Raj2 weeks ago01 mins

Kevin Warsh, President Trump’s pick to run the Federal Reserve, would face a growing inflation challenge if he’s confirmed. Source link

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  • Business

Trump’s Shrinking Ambitions on China

Raj2 weeks ago01 mins

The president came into office planning harsher trade moves on China than on the rest of the world. Here’s why he’s had to scale them back. Source link

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