src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-8050569412065003" crossorigin="anonymous">[/script]

Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows newsthirst.

Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday. The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at…

Read More

China calls out Trump for ‘abuse’ of semiconductor export controls newsthirst.

Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images China is calling out the U.S. for “discriminatory restrictions” in its use of export controls in the chip industry, after the Trump administration accused the world’s second-largest economy of violating a preliminary trade deal between the two countries….

Read More

Supreme Court allows Trump to revoke legal status for 500,000 migrants newsthirst.

President Donald Trump’s administration can temporarily revoke the legal status of over 500,000 migrants living in the US, the US Supreme Court ruled on Friday. The ruling put on hold a previous federal judge’s order stopping the administration from ending the “parole” immigration programme, established by former President Joe Biden. The programme protected immigrants fleeing…

Read More