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Inflation or jobs: Federal Reserve officials are divided over competing concerns

WASHINGTON (AP) — One major question will be front and center for Federal Reserve policymakers as they prepare for an annual conference in Jackson, Wyoming next week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, stubborn inflation or slower hiring? Weak job gains since April have pushed some officials toward supporting […]

AUG. 14, 2025

Brazil’s Lula announces $5.5 billion in credits for exporters hit by US tariffs

SAO PAULO (AP) — The Brazilian government on Wednesday unveiled a plan to support local companies affected by a 50% tariff imposed by U.S. President Donald Trump on several of the country’s exports. Dubbed “Sovereign Brazil,” the plan provides for a credit lifeline of 30 billion reais ($5.5 billion), among other measures. Hours later, U.S. Secretary of […]

AUG. 14, 2025

US will get a 15% cut of Nvidia and AMD chip sales to China under a new, unusual agreement

Nvidia and AMD have agreed to share 15% of their revenues from chip sales to China with the U.S. government, as part of a deal to secure export licenses for the semiconductors. The Trump administration halted the sale of advanced computer chips to China in April over national security concerns, but Nvidia and AMD revealed in […]

AUG. 11, 2025

Trump’s new tariffs go into effect as US economy shows signs of strain

WASHINGTON (AP) — President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. Products […]

AUG. 8, 2025

How India ended up facing steep US tariffs despite its strategic partnership

NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs “unfortunate.” Trump’s Wednesday announcement came as India and the U.S. are still negotiating a trade deal that has faced […]

AUG. 7, 2025

Trump’s planned 100% computer chip tariff sparks confusion among businesses and trading partners

President Donald Trump’s ambiguous plans for 100% tariffs on computer chips that aren’t made in the U.S. are stoking confusion among businesses and trading partners — boosting stocks for leading semiconductor companies while leaving smaller producers scrambling to understand the implications. “We are still waiting for official guidance,” said Limor Fried, founder and engineer at Adafruit Industries, […]

AUG. 7, 2025

Trump announces Apple investing another $100 billion in US manufacturing

Apple CEO Tim Cook joined President Donald Trump at the White House on Wednesday to announce a commitment by the tech company to increase its investment in U.S. manufacturing by an additional $100 billion over the next four years. “This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States […]

AUG. 6, 2025

What to know about mRNA vaccines

So-called mRNA vaccines saved millions of lives during the COVID-19 pandemic — and now scientists are using that Nobel Prize-winning technology to try to develop vaccines and treatments against a long list of diseases including cancer and cystic fibrosis. But this week, U.S. Health Secretary Robert F. Kennedy Jr., a longtime vaccine critic, canceled $500 million in government-funded research projects […]

AUG. 6, 2025

Trump’s politically motivated sanctions against Brazil strain relations among old allies

SAO PAULO (AP) — U.S. President Donald Trump has made clear who his new Latin America priority is: former Brazilian President Jair Bolsonaro, a personal and political ally. In doing so, he has damaged one of the Western hemisphere’s most important and long-standing relationships, by levying 50% tariffs that begin to take effect Wednesday on the largest Latin America economy, sanctioning […]

AUG. 5, 2025

India indicates it will keep buying Russian oil despite Trump’s threats

NEW DELHI (AP) — India has indicated that it would continue buying oil from Russia despite threats by U.S. President Donald Trump. The Indian foreign ministry said its relationship with Russia was “steady and time-tested,” and should not be seen through the prism of a third country. Addressing a weekly presser on Friday, spokesman Randhir […]

AUG. 2, 2025

US employers slash hiring as Trump advances a punishing trade agenda

WASHINGTON (AP) — U.S. hiring is slowing sharply as President Donald Trump’s erratic and radical trade policies paralyze businesses and raise doubts about the outlook for the world’s largest economy. U.S. employers added just 73,000 jobs last month, the Labor Department reported Friday, well short of the 115,000 expected. Worse, revisions shaved a stunning 258,000 jobs off […]

AUG. 1, 2025