Tensions Between Trump and Powell at Tipping Point Ahead of Fed Meeting
President Trump wants lower interest rates, but Jerome H. Powell, the chair of the Federal Reserve, is not yet ready to deliver them. Source link
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E.U. Did Not Retain Texts Sought by Journalists on Covid Vaccine Deal
The European Union acknowledged for the first time that a top official reviewed the messages, but said it had no duty to keep them, despite intense interest. Source link
Cambodia Agrees to a Reduced Tariff and Breathes a Sigh of Relief
Initially 49%, it was lowered to 19%, easing worries of a damaging hit to the country’s garment and footwear production industries. Source link
Trump has reshaped global trade. What does that mean for the U.S. economy?
Trump has reshaped global trade. What does that mean for the U.S. economy? Source link
See How Often Two Fed Governors Have Dissented on a Rate Change Vote
Two top Fed officials voted against the central bank’s decision to leave rates unchanged, the first dual dissent in more than 30 years. Source link
Here’s What to Know About Trump’s 50% Tariffs on Brazil
Latin America’s biggest economy can weather the shock of a high tariff rate. But American coffee lovers and Brazilian ranchers are likely to feel the pain. Source link
Amazon Reports Strong Retail Demand, but Says Future Is Less Clear
Consumers spent more than expected on the e-commerce giant’s site, while margins tightened at the company’s all-important cloud computing division. Source link
Trump Demands That Drugmakers Lower Some of Their U.S. Prices by September
The administration has not put forward a clear legal authority to compel drugmakers to reduce their prices. Source link
Apple Surprises Investors Worried That It Had Lost Its Touch
Despite recent criticism about its product outlook, the company reported strong sales of iPhones, Macs, iPads and services. Source link