Washington Financial News

08.04 / 23:25

UPS Provident Manufacturing security Microchip reports Biden administration announces $6.6 billion to ensure leading-edge microchips are built in the US

The Biden administration has pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the...

08.04 / 15:31

markets COST Progressive CEO JPMorgan economy Jamie Dimon warns inflation, interest rates may remain elevated

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve's rate trajectory, 2024 economy, looming bank regulations and artificial intelligence.

08.04 / 14:59

COST Target economy trends President show reports NOT When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates

08.04 / 14:59

Target wellness Bill Trade information rights Key lawmakers float new rules for personal data protection; bill would make privacy a consumer right

Two lawmakers from opposing parties are floating a new plan to protect the privacy of Americans' personal data

08.04 / 14:59

UPS Manufacturing Fighting economy Remark Trade reports Will China flood the globe with EVs, green tech? What's behind latest US-China trade fight

China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight

08.04 / 11:03

security Election wellness President country reports First US-Japan-Philippines summit to boost defence ties

Japan and the Philippines head to Washington this week for a first trilateral summit aimed at boosting defence ties, hot on the heels of four-way military drills in the South China Sea that riled Beijing. A major upgrade of military command structures between the United States and an increasingly self-confident Japan could be announced, as well as joint coast guard patrols with Manila in areas disputed with China. Also on the agenda will be securing access to vital supplies such as semiconductors and rare metals, North Korea's growing belligerence, and the Japanese takeover of US Steel opposed by President Joe Biden.

08.04 / 10:51

markets MET economy DISH Trade testing Relationships Yellen’s tough message to China on exports tests fragile detente

BEIJING—When Treasury Secretary Janet Yellen met her Chinese counterpart in Switzerland early last year, she tiptoed around controversial issues, only raising trade disagreements during a brief, one-on-one coffee break with Liu He, then China’s vice premier, according to people familiar with the meeting. In China over the past few days, Yellen wasn’t so shy. She hammered Chinese officials for exporting too many clean-energy goods, warning regional officials, as well as Vice Premier He Lifeng and Premier Li Qiang, to scale back industrial production.

07.04 / 03:55

Cooper Progressive Manufacturing President country Relationships US, China need 'tough' conversations, Janet Yellen tells Chinese Premier Li Qiang

Li Qiang on Sunday that the ability to have difficult conversations has put the two economic superpowers on «a more stable footing» over the past year. As they began a meeting in Beijing, Li responded that the two countries needed to respect each other and should be partners, not adversaries, adding that «constructive progress» had been made during Yellen's trip.

06.04 / 07:25

markets Cooper Manufacturing economy Southern country US, China to launch exchanges on balanced growth, money laundering, Yellen says

China -U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier Hi Lifeng agreed to launch exchanges on balanced growth in domestic and global economies, an effort she said partly aimed at addressing U.S. concerns about China's excess manufacturing capacity. After two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems.

06.04 / 05:39

economy country International 'India's GDP estimate made by IMF consistently INACCURATE', former CEA Subramanian hits back

Indian economy could grow at 8 per cent till 2047, while the IMF distanced itself from Subramanian's growth projections of Indian economy. On Saturday, Subramanian hit back at the Washington-based financial body saying the staff at the International Monetary Fund has consistently been ‘INACCURATE’ about India's growth estimates during hid tenure at IMF. “During my tenure at IMFNews (since Nov-22), IMF staff’s estimate of India’s growth rate has been consistently INACCURATE," the IMF official wrote in a post on X (formerly Twitter).

06.04 / 02:01

Death community students Universities classical testing shock Another Indian student dies in US, police probe underway: Consulate General

More Indian students than American took GRE test in 2022-23 for first-time ever Since 2024, there have been several cases of deaths of Indian and Indian-origin students in the US. The death of Uma Satya Sai Gadde is the latest in a string of tragedies to shock the Indian community in America. In March this year, a 34-year-old trained classical dancer from India, Amarnath Ghosh, was shot dead in St Louis, Missouri.

05.04 / 18:17

Citi Reuters President show rock reports New York earthquakes are rare, felt across broader area: Times when US cities felt 'strong' tremors

Reuters as saying. The earthquake centred near Whitehouse Station, was reportedly the third largest in the last 50 years and the 10th-strongest of all time in the Northeast. According to the data cited by CNN, the largest earthquake of 5.3 magnitude quake took place in Au Sable Forks, New York, in 2002.

05.04 / 16:34

Waters SEC security Trade information reports Courts Amid legal challenges, SEC pauses its climate rule

The U.S. Securities and Exchange Commission on Thursday said it would pause the implementation of its new climate disclosure rule while it defended the regulation in court

05.04 / 16:33

markets COST UPS economy President show reports Another month of robust US job growth points to continued economic strength

America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates

05.04 / 16:33

Citi Progressive economy Myanmar Trade country ASEAN finance leaders end meetings in Laos, pointing to challenges from geopolitics, volatile prices

Southest Asian finance ministers and central bank governors have ended meetings in the Laotian city of Luang Prabang citing progress in building stronger regional institutions, but also noting serious challenges due to geopolitical tensions and volatil...

05.04 / 12:59

markets BTC ETF Research Bitcoin Bitcoin Price ‘Real BTC Bull Run Is Yet to Begin’ – South Korean Crypto Chief

The “real” Bitcoin (BTC) “bull run” is yet to start, a South Korean crypto firm CEO has claimed.

05.04 / 05:45

Provident security President War International Arsenal Can Europe still count on America’s nuclear umbrella?

When President John F. Kennedy met his French counterpart during the Berlin crisis of 1961, he found himself having to offer reassurances. With Moscow demanding that NATO withdraw its forces from the divided city, President Charles de Gaulle cast doubt on America’s determination to protect Europe.

05.04 / 02:41

Provident Action security President War country Biden threatens change in US policy if Netanyahu fails to protect Gaza civilians

Joe Biden threatened on Thursday to condition support for Israel's offensive in Gaza on it taking concrete steps to protect aid workers and civilians, seeking for the first time to leverage U.S. aid to influence Israeli military behavior. Biden's warning, relayed in a call with Prime Minister Benjamin Netanyahu on Thursday, followed a deadly Israeli attack on World Central Kitchen aid workers that spurred new calls from Biden's fellow Democrats to place conditions on U.S. aid to Israel. Israel said the attack was a mistake.

04.04 / 21:25

UPS Progressive CEO Gap London Underground song reports Watch your step, advisors! It’s your job to ‘mind’ the retirement gap

Americans had better start acting like London commuters and “mind the gap” when it comes to retirement, or they could be in big trouble down the line.

04.04 / 20:29

UPS Citi Aviat Airlines reports Traffic Investigations FAA investigating flight that came close to tower at LaGuardia Airport

Federal officials are investigating whether a Southwest Airlines flight veered off course and flew over the air traffic control tower at LaGuardia Airport last month

04.04 / 20:29

markets Food community show patient medicines Pharmaceuticals ALS drug will be pulled from US market after study showed patients didn't benefit

The maker of a drug for Lou Gehrig’s disease that recently failed in a study says it will pull the medicine from the U.S. market

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