US Supreme Court to hear Trump bid to enforce birthright citizenship order
WASHINGTON – The U.S. Supreme Court said on Thursday it will hear arguments next month over Donald Trump’s bid to broadly enforce his executive order to restrict automatic birthright citizenship, a key pillar of the Republican president’s hardline approach toward…
IMF sees US-China trade grievances, welcomes India tariff cuts
WASHINGTON -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the U.S. and China both have trade grievances, but the world’s two largest economies needed to reduce uncertainty and agree on a fairer, rules-based trading system. Georgieva, speaking…
MP Materials stops sending US rare earths to China amid Beijing’s tariffs
MP Materials, which owns the only U.S. rare earths mine, said on Thursday it has stopped shipping the critical minerals to China for processing after Beijing boosted import tariffs to 125% in response to U.S. levies, sending the company’s shares…
Trump says Fed’s Powell will leave if he asks him; Powell has said he won’t
WASHINGTON -President Donald Trump said on Thursday he believes Federal Reserve chair Jerome Powell will leave his job if Trump asks him to do so, although the U.S. central bank chief himself has said he would not leave if asked…
US withdrawing hundreds of troops from Syria, NYT reports
The United States has started drawing down hundreds of troops from northeastern Syria, the New York Times reported on Thursday. The military is shuttering three of its eight small operating bases, reducing troop levels to about 1,400 from 2,000, the…
Trump says he is 100% confident on Europe trade deal
WASHINGTON -U.S. President Donald Trump and Italian Prime Minister Giorgia Meloni each expressed confidence on Thursday that the United States and Europe will be able to negotiate a trade deal before his 90-day pause on some tariffs ends. The 27-nation…
Nvidia faces $5.5 billion charge as US restricts chip sales to China
Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips. Nvidia’s AI chips have been…
Trump says he is in no rush to attack Iran over nuclear program
WASHINGTON – President Donald Trump on Thursday said he was in no hurry to launch an attack on Iran over its nuclear program, a day ahead of U.S.-Iran talks in Rome. Asked about a New York Times report that said…
Deputy sheriff’s son kills two at Florida State University, police say
A deputy sheriff’s son killed two people and wounded four others at Florida State University on Thursday before he was shot by officers and hospitalized, authorities said. Police believe the gunman – the son of a Leon County sheriff’s deputy…
Global shippers await word on US plan to hit China-linked vessels with port fees
LOS ANGELES -The U.S. Trade office will this week announce its plan for levying port fees on China-linked ships as part of President Donald Trump’s effort to revive domestic shipbuilding and counter China’s dominance on the high seas. The proposed…
BlackRock wins renewed permission to own big US utility stakes
U.S. energy regulators on Thursday gave BlackRock renewed permission to own major stakes in public utility companies, a win for the world’s top asset manager over concerns that it wields too much influence. The decision by the U.S. Federal Energy…
Trump: We will have a trade deal with China
President Donald Trump on Thursday said he expects to make a trade deal with China, though he offered no specifics or indications of how talks would get underway with the two superpowers at an apparent impasse. “Oh we’re going to…
Musk’s SpaceX is frontrunner to build Trump’s Golden Dome missile shield
WASHINGTON -Elon Musk’s SpaceX and two partners have emerged as frontrunners to win a crucial part of President Donald Trump’s “Golden Dome” missile defense shield, six people familiar with the matter said. Musk’s rocket and satellite company is partnering with…
Analysis-Markets see door wide open for more ECB rate cuts on tariff hit
LONDON – Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent a fragile economy. The ECB cut…
Zelenskiy accuses China of supplying Russia with weapons
KYIV -Ukrainian President Volodymyr Zelenskiy said on Thursday China was supplying weapons and gunpowder to Russia, the first time he has openly accused Beijing of direct military assistance for Moscow. The Ukrainian leader said at a press conference that his…
UnitedHealth shares crash after surprise earnings miss, cuts to forecast
UnitedHealth Group surprised investors with what its CEO said was an “unusual and unacceptable” quarterly earnings miss, and it lowered its outlook for the full year due to higher-than-expected medical costs, sparking a more than 20% selloff in shares that…
Ukraine talks with US in Paris shows Europeans at the table, France says
PARIS -Talks in Paris among top U.S. officials Marco Rubio and Steve Witkoff, Ukraine and Europe’s top three powers were “excellent” and show Europeans are back at the table for negotiations on Ukraine’s future, French officials said on Thursday. President…
“Resist protectionism,” China’s Xi tells Cambodia as Phnom Penh seeks loans
China’s leader Xi Jinping urged Cambodia to “resist protectionism,” as he arrived in Phnom Penh on Thursday at the end of a three-nation tour of Southeast Asia, as U.S. tariffs threatened the economies of both countries. Cambodia is a major…
Russia using new mass assault tactics on battlefield, Kyiv says
KYIV – Russian forces are trying out a new tactic of larger-scale assaults involving several hundred troops, according to Ukraine’s military, as Kyiv girds for a new offensive push from its bigger adversary more than three years into a full-scale…
Moscow plans to use seized US-owned company to feed Russian army, document shows
LONDON – Plans are afoot for an American-owned company seized by the Kremlin and placed under state control to be used to supply food to the Russian army, a document seen by Reuters showed, potentially threatening Moscow’s warming relations with…
US airlines struggle to forecast their business in worsening economic fog
CHICAGO – President Donald Trump’s trade war has created the biggest uncertainty for U.S. airlines since the COVID pandemic. With little clarity on how consumers will behave in the face of a potentially worsening economy, carriers are struggling to accurately…
Canadians bought record amount of US shares in February
OTTAWA – Although tensions between Canada and the United States are high, Canadians bought a record amount of American shares in February, as U.S. stock markets hit an all-time high, official data indicated on Thursday. Statistics Canada said Canadians snapped…
Oil set for weekly rise on trade deal hopes, new Iran sanctions
NEW YORK -Oil prices rose to the highest in two weeks on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to…
Nvidia CEO stresses importance of China market in Beijing visit, Chinese state media reports
BEIJING – Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country. “We hope to continue to…
Wealth of Russia’s richest people rises to record $625.5 billion
MOSCOW – Russia’s richest people saw their wealth rise by more than 8% to $625.5 billion over the past year, with at least 146 billionaires listed by the Forbes Russian-language list of the wealthiest people in Russia, the magazine said…
Dollar, US stocks find some stability as trade talks help the mood
BOSTON/LONDON -Most stocks and the dollar ticked up on Thursday as traders took some heart from trade talks between the U.S. and Japan, though the positive mood was curbed by Federal Reserve Chair Jerome Powell saying the Fed would be…
S&P 500, Nasdaq advance after selloff; UnitedHealth plunges
The S&P 500 and the Nasdaq rose on Thursday on the final trading day of the week, with focus on U.S.-Japan tariff talks, while a slump in UnitedHealth’s shares following a forecast cut by the insurer weighed on the Dow….
Ukraine’s cenbank holds key rate at 15.5%, sees slower 2025 economic growth
KYIV -Ukraine’s central bank kept its key interest rate unchanged at 15.5% on Thursday and said it expected consumer price inflation to start declining this summer. It warned, however, that global trade disputes as well as wartime challenges would limit…
Trump says ‘very soon’ will send education back to states
U.S. President Donald Trump said on Thursday that the federal government will soon be sending education “back to the states” while congratulating lawmakers in Texas for approving a private school voucher program. “We will very soon be sending Education BACK…
Einhorn’s Greenlight gained 8.2% in Q1, remains bullish on gold
NEW YORK -Hedge fund Greenlight Capital gained 8.2% in the first three months of 2025, buoyed by a bet on gold that it said should pay off further as it expects Trump administration policies to continue roiling financial markets. Greenlight…