The Federal Reserve’s independence from the White House has long been enshrined in the law. But an executive order that President Trump signed this week seeking to extend his administration’s…
American manufacturing has been in the doldrums for years, battered by high borrowing costs and a strong dollar, which makes exports less competitive. But there has been a bright spot:…
Last August, a hotel room in Europe priced at 200 euros was about $224. Today, travelers spending American dollars would pay only $208.On the rise since last autumn, the dollar…
Delta Air Lines said on Wednesday that it was offering $30,000 to each passenger who was aboard the flight from Minneapolis that crashed and flipped upside down this week while…
The Federal Reserve pressed pause on interest rate cuts last month. The minutes from its January meeting suggest the hiatus is likely to be a long one.A record of the…
After decades of dominating China’s market for high-performance cars with precision engineering, German automakers are losing out to Chinese rivals that have shifted the definition of a high-end car to…
Lucy HookerBusiness reporter, BBC NewsLloyds Banking Group has nearly tripled the amount it is setting aside to cover the car finance mis-selling scandal to £1.2bn, knocking its profits for the…
Since 2023, Dr. Mehmet Oz, the celebrity doctor nominated by President Trump to head the Centers for Medicare and Medicaid Services, has been a high-priced pitchman for iHerb, a California…
Tom GerkenTechnology reporterApple has announced a new iPhone which brings artificial intelligence (AI) features at a lower cost than its flagship handsets.The iPhone 16e has the same processor as the…
The Trump administration is facing pressure to protect the Federal Aviation Administration from further layoffs after hundreds of workers were fired over the weekend.The job cuts were part of a…
João da SilvaBusiness reporterThe US President Donald Trump has said he is not happy with Boeing over a contract to build two new Air Force One planes that is running…
President Trump recently ordered the U.S. Mint to stop producing pennies, for a simple-sounding reason. Each penny, he said, has “literally cost us more than 2 cents.”He’s right. Since 2006,…