Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump‘s tariffs would have in making that happen, according to meeting minutes released Wednesday. Policymakers on the Federal Open Market Committee unanimously decided at the meeting to…
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U.S. President Donald Trump speaks next to Elon Musk and X Æ A-12, Musk’s son, in the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. Kevin Lamarque | Reuters Elon Musk said he’s going to touch base with President Donald Trump on a proposal to send Americans tax refund checks…
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U.S. President Donald Trump speaks at Mar-a-Lago in Palm Beach, Florida, U.S., Feb. 18, 2025. Kevin Lamarque | Reuters President Donald Trump said he may broaden the scope of U.S. tariffs on imports to include automobiles, pharmaceuticals and semiconductors. In remarks to reporters Tuesday, Trump said the duties would be around 25% and “go very…
Heat pump sales fell 23% in Europe last year, industry data shows, reverting to the level they were at before the war in Ukraine and slowing the shift away from gas-burning boilers. Demand for clean heating devices fell by about half in Belgium and Germany, and by 39% in France, according to data for 13…
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Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Pershing Square’s Bill Ackman hiked his takeover offer for Howard Hughes Holdings to create a “modern-day” Berkshire Hathaway. The…
Signage outside a Yum Brands Inc. KFC restaurant in Shelbyville, Kentucky, on Jan. 29, 2021. Luke Sharrett | Bloomberg | Getty Images KFC is leaving Kentucky. The fried chicken chain’s U.S. headquarters will move from Louisville, Kentucky, to Plano, Texas, owner Yum Brands said Tuesday. About 100 KFC U.S. employees will be required to relocate…
