U.S. President Donald Trump in the Oval Office at the White House on Feb. 14, 2025.Nathan Howard | ReutersA three-judge panel of the 9th U.S. Circuit Court of Appeals on Wednesday declined the Justice Department’s request to immediately reinstate President Donald Trump’s executive order limiting birthright citizenship, setting up a potential emergency application to the Supreme Court. Legal experts have said Trump’s order conflicted with the Fourteenth Amendment, which extends American citizenship to anyone born on U.S. soil, by denying citizenship to future children born in the United States if their mothers were unlawfully present in the country and their fathers were…
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Almost nine out of 10 Japanese companies expect U.S. President Donald Trump’s policies to negatively affect business, a Reuters survey showed on Thursday.Eschcollection | Digitalvision | Getty ImagesAlmost nine out of 10 Japanese companies expect U.S. President Donald Trump’s policies to negatively affect business, a Reuters survey showed on Thursday, the clearest sign yet of mounting worry in the United States’ top foreign direct investor.The results of the survey show how the prospect of higher tariffs and increased trade friction between the United States and China has clouded the outlook for companies in the world’s fourth-largest economy.Japan, a firm U.S.…
Nataliia Klymyuk, who has been volunteering for 11 years to look after a memorial to war dead in Kyiv, the Ukrainian capital, said she had never had any illusions about President Trump.On Wednesday, she stood among a crowd of people at the memorial, on Independence Square in central Kyiv, where tens of thousands of little flags fluttered, each representing a soldier killed during Russia’s relentless invasion. The mood was especially somber.A day earlier, Mr. Trump, from his Mar-a-Lago estate in Florida, had blamed Ukraine for the violence. “You should have never started it,” he said, referring to Ukrainian leaders who…
The People’s Bank of China (PBoC) has set up a fintech committee. Zhang Peng | LightRocket | Getty ImagesChina kept its key lending rates unchanged Thursday, as Beijing prioritizes financial stability over interest rate easing to bolster the economy.The People’s Bank of China held the 1-year loan prime rate unchanged at 3.1%, and the 5-year LPR at 3.6%. The decision was in line with Reuters poll estimates.The benchmark lending rates — normally charged to banks’ best clients — are calculated monthly based on designated commercial banks’ proposed rates submitted to the PBOC. The one-year LPR influences corporate loans and most…
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images Members of the U.S. Federal Reserve’s rate-setting committee unanimously agreed to hold rates steady in January because they were, in part, worried about the impact that U.S. President Donald Trump’s tariffs would have on inflation. As if proving the Fed prescient, Trump announced on Tuesday (more) possible tariffs on targeted sectors.Apple launched a new low-cost iPhone on Wednesday in a bid to expand its market…
The ‘Fast Money’ traders talk why Walmart might be the biggest earnings report this season. Source link
Igor Golovniov | SOPA Images | Lightrocket | Getty ImagesAmazon said it would stop support for its unified communications service, Chime, next year and will not accept new customers beginning Wednesday.Amazon employees have long used Chime, which lets users meet, chat and place business calls inside and outside the organization, as a preferred service for video calls.”After careful consideration, we have decided to end support for the Amazon Chime service, including business calling features, effective February 20, 2026,” Amazon’s cloud unit AWS said in a blog post.Earlier this week, the company also shut down Inspire, its TikTok-like, short-form video and photo feed that was previously…
After President Trump shocked the Arab world last month by suggesting the entire population of Gaza be expelled from the territory, his aides reframed the idea as an invitation to the leaders of the Middle East: Come up with a better plan, or do it our way.“All these countries say how much they care about the Palestinians,” Secretary of State Marco Rubio said last week. “If the Arab countries have a better plan, then that’s great,” Mr. Rubio added.Now, the governments of several Arab states are attempting to do exactly that. Representatives of Egypt, Jordan, Saudi Arabia, Qatar and the…
The major averages posted modest gains on Wednesday, with the S&P 500 closing at another record. Here’s what’s on CNBC’s radar going into Thursday. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyBen Emons, Strategic Fortune Wealth chief markets strategist and FedWatch founder, joins ‘Fast Money’ to talk last month’s Fed minutes.05:442 hours ago Source link
