Why Trump's hand-picked Fed chair defied him by raising interest rates

BBC - Sep 17, 2026

The 0.25% increase comes despite fierce opposition from the US president, who has called for rates to be cut.

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Sep 16, 2026

Trump Ally Harold Hamm Strikes Venezuela Oil Deal

Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop and produce oil.

Sep 16, 2026

Takeaways From the Fed’s Decision to Raise Interest Rates

Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’

Sep 16, 2026

Takeaways From the Fed’s Decision to Raise Interest Rates

Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’

Sep 16, 2026

The Quiet Way A.I. Is Hitting the Work Force

Lower wage growth and slower hiring in some sectors may be the result of artificial intelligence, especially for younger workers.

Sep 16, 2026

The World Economy Is Becoming Wary of the U.S.

America’s position of global economic stability is starting to look shakier as the Trump administration piles on debt and doubles down on sanctions.

Sep 16, 2026

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.

Sep 16, 2026

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.

Sep 16, 2026

Outkick Moves Past Its Clay Travis Era

Fox is revamping the sports site following the exit of its founder, Clay Travis. It’s hiring a writer who resigned from The Seattle Times over a column about transgender athletes.

Sep 16, 2026

Zuckerberg: AI companies incentivized toward safety

Meta CEO Mark Zuckerberg on Tuesday argued that artificial intelligence (AI) companies are incentivized toward safety when it comes to the timing of crafting their models and that external pressure is not needed to keep to that timeline. “Every lab has the responsibility and incentive to move at the pace required to train its models...

Sep 16, 2026

Fed hikes interest rates by quarter point

The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the...

Sep 16, 2026

Vance to AI leaders: 'If you're building Frankenstein, stop'

Vice President Vance weighed in on the ongoing AI safety debate Tuesday, pressing those behind the technology to be careful. “The president, I think, is very rightly asking the question, why is it that the people who are at the frontier of the AI economy are throwing up their hands and saying, 'Well, we've built...

Sep 16, 2026

Billions in Taxes Go Unpaid. Under Trump, the I.R.S. Won’t Say How Much.

The absence of the annual estimate on the tax gap could make it more difficult to assess whether more taxes are going unpaid since President Trump took office.

Sep 16, 2026

Bessent and Warsh Take On the Bond Bears

The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors’ growing worries about inflation and deficits.

Sep 16, 2026

Minneapolis driverless car ordinance would require human monitors

The proposal would require autonomous vehicle companies to put a paid "safety monitor" in the driver's seat of every car.

Sep 16, 2026

Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks

Prolonged restrictions on exports could push oil prices even higher.

Sep 16, 2026

Henry Zeffman: Andy Burnham and his chancellor have a battle on their hands as the Budget approaches

The Budget is only six weeks away and the economy is undoubtedly the biggest challenge facing the prime minister.

Sep 16, 2026

Amazon increases minimum starting pay, adds new discount for employees

The move bumps the company's average hourly wage to almost $24 an hour.

Sep 16, 2026

Petrol and diesel price rises push UK inflation higher

Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.

Sep 16, 2026

EU chief wants Canada as bloc's first associate member

European Commission President Ursula von der Leyen said Wednesday she wants Canada to join the European Union as an associate member, as the North American nation is embroiled in a trade war with the U.S. “I would like to work with you on opening the door for Canada to being the first associate member of...

Sep 16, 2026

Burnham rejects 'tax and spend socialist' comments

The prime minister insists he is prepared to take "difficult decisions" at next month's Budget.

Sep 16, 2026

Federal employees were paid nearly $7B not to work under DOGE effort: GAO

The Trump administration paid outgoing employees an estimated nearly $7 billion to not work as it encouraged them to leave the federal service, a government watchdog found in a Tuesday report. Federal workers' use of paid leave increased 435 percent under the first two years of the Trump administration, a dynamic the Government Accountability Office...

Sep 16, 2026

What's happening to UK interest rates and what does it mean for mortgages?

The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.

Sep 16, 2026

Fed Meeting Is a Big Moment for the Bond Market

If the Fed opts against raising interest rates on Wednesday, investors will probably increase their forecasts for inflation, injecting new turmoil into the government bond market.

Sep 16, 2026

What's driving UK 'shoplifting crisis'?

The number of shoplifting offences recorded in England and Wales in 2025-26 is still above pre-pandemic levels.

Sep 16, 2026

Hong Kong's first five-year plan: Key economic and trade priorities

The Hong Kong Special Administrative Region has unveiled its first five-year plan for economic and social development (2026-2030) on Wednesday.

Sep 16, 2026

Graphics: What stood out in China's economy in August?

Sep 16, 2026

Witness the Pinglu Canal open to navigation!

The Pinglu Canal opens a faster gateway to the sea for China's Guangxi Zhuang Autonomous Region and southwest China's cargo.

Sep 16, 2026

Chinese films seek a bigger stage in North America

Chinese films are gaining momentum in overseas markets, with North America emerging as an important testing ground for their global appeal.

Sep 16, 2026

Hong Kong's first five-year plan signals a new path for future growth

The release of Hong Kong's first five-year plan marks an important milestone in the city's development. By building on its existing strengths and creating new opportunities through planning and innovation, the city can strengthen its competitiveness in a changing global environment.

Sep 16, 2026

Nanning and Guilin take center stage at the 23rd China-ASEAN Expo

The 23rd China-ASEAN Expo is set to open in Nanning, south China's Guangxi Zhuang Autonomous Region.

Sep 16, 2026

OpenAI boss says world 'right to be afraid' but should trust AI firms

Sam Altman and other tech CEOs say there are incentives to limit advancements in AI, as fears grow over the threats it poses to humanity.

Sep 16, 2026

Warsh under pressure as Fed considers rate hike

Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash with President Trump’s demands for cuts. Warsh gave himself wiggle room for a rate hike in late August, saying the central bank had “work to do” if underlying inflation was not moving toward its 2 percent target. But Trump, who...