Yahoo Finance Plus US House Speaker Nancy Pelosi is expected to defy threats from China by landing in Taiwan on Tuesday evening as part of a trip that would make her the highest-ranking American politician to visit the island in 25 years. John Liu reports on Bloomberg Television.
(Bloomberg) -- US central bankers offered divergent signals over the size of the next interest-rate hike, with St. Louis’s James Bullard urging another 75 basis-point move while Kansas City’s Esther George struck a more cautious tone.Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesBiden Called Cheney After Her Loss to Trump-Backed ChallengerCovid’s Harmful Effects on the Brain Reverberate Years LaterBill Gates and the Secret Push to Save Biden’s Climate
(Bloomberg) -- China lashed out at a $52 billion program to expand American chipmaking, saying the landmark blueprint contains elements that violate fair market principles and targets Beijing’s own efforts to build a semiconductor industry.Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesBiden Called Cheney After Her Loss to Trump-Backed ChallengerLiz Cheney Prepares for Next Act in GOP Where Trump Holds SwayBill Gates and the Secret Push to Save Biden’s
Now that President Joe Biden signed Democrats' expansive climate, tax and health care bill into law, U.S. Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will overhaul its technology, customer service and hiring processes.
Notable business headlines include U.S.-Taiwan trade negotiations set to begin this fall, CVS, Walgreens and Walmart having to pay Ohio $650 million for opioid damages, and WWE finding $5 million worth of undisclosed funds went to a Trump charity.
With his attempt to un-buy Twitter not going to trial until October, Elon Musk has spent the interlude by wading even further into politics and the Republican camp by appearing this week at a retreat in Wyoming hosted by House Republican Leader Kevin McCarthy.
The Biden administration is planning for an end to its practice of paying for Covid-19 shots and treatments, shifting more control of pricing and coverage to the healthcare industry in ways that could generate sales for companies—and costs for consumers—for years to come. The Department of Health and Human Services intends to hold a planning session on Aug. 30 that would bring together representatives from drugmakers, pharmacies and state health departments with a stake in a Covid-19 treatment industry. Both the Trump and Biden administrations always planned to shift the bill for Covid-19 shots and treatments from the federal government to individuals eventually.
(Bloomberg) -- Turkish President Recep Tayyip Erdogan said talks in Lviv, western Ukraine, with United Nations Secretary General Antonio Guterres and Ukraine President Volodymyr Zelenskiy focused on how to “ultimately end” the nearly six-month-old conflict. Erdogan said he would evaluate the meeting with Russian President Vladimir Putin. Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesBiden Called Cheney After Her Loss to Trump-Backed ChallengerCovid’s
Here's what to know about income caps, sticker-price limits, and rules around final assembly in North America.
There was no secret dovish message in the minutes of the Federal Reserve's July 26-27 meeting. But some found one anyway.
Cheney releases recording of her call to Harriet Hageman, conceding her loss in the Wyoming US House primary on Tuesday
(Reuters) -The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them. St. Louis Fed President James Bullard, who was among the central bank's earliest advocates last year of a more muscular response to fast-building price pressures, said that given the strength of the economy he is currently leaning toward supporting a third straight 75-basis-point interest rate hike in September. "I don't really see why you want to drag out interest rate increases into next year," Bullard told the Wall Street Journal, saying he would like to get the Fed's benchmark overnight interest rate to a target range of 3.75% to 4.00% by the end of this year.
Liz Cheney responded to her widely expected loss on Tuesday with a quick pivot and launched a new political group for herself aimed at 2024. The website was up and accepting donations by Wednesday morning.
The former CIA director and former NSA director under the Bush administration claimed Wednesday that the modern GOP is the most treacherous political force he has encountered in his lifetime.
The Inflation Reduction Act gives the IRS $79.6 billion over 10 years, and $45.6 billion of that would be directed towards enforcement.
St. Louis Fed President James Bullard said he is considering support for another large rate rise at the central bank’s policy meeting next month and added he isn’t ready to say the economy has seen the worst of the inflation surge.
For California consumers thinking about going electric, the Inflation Reduction Act could tilt the math in favor of nabbing that new Model 3 or F-150 Lightning sooner than later.
The Trump-backed Wyoming winner insisted on Fox News that Cheney left a "two-second message" that didn't concede the election, then hung up.
The U.S. leading index fell by 0.4% in July to mark the fifth decline in a row, reflecting a slowdown in the economy tied to rising interest rates and pessimism among consumers.
The recently passed Inflation Reduction Act contains five new healthcare benefits for retirees. Because Congressional Democrats in the Senate passed the Inflation Reduction Act through the reconciliation process, its healthcare provisions apply only to Medicare, Medicaid and other government programs. Consider … Continue reading → The post Inflation Reduction Act: 5 Ways Retirees Can Save on Healthcare appeared first on SmartAsset Blog.
A Republican group in Alabama is apologizing after accidentally using a picture of the GOP elephant that contained Ku Klux Klan imagery. The Lawrence County Republican Party intended to post an image of the GOP elephant on its Facebook page, but ended up using one in which the white spaces between the animal's legs were drawn to resemble hooded Klansmen. A party official said the image was taken from the results of a Google search and that the image was immediately replaced once the mistake was detected.
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