If the tariff dispute reaches the Supreme Court, can the tariffs be cut? If the presidential authority is limited, it may detonate tens of billions of dollars in tax rebates and subvert the strategic cards of the United States. Click to view...
On July 23rd, according to sources, the Ukrainian delegation has arrived in Turkey. The delegation will first hold talks with Turkish representatives in Ankara, and then travel to Istanbul to start negotiations with the Russian delegation on preparations for the leaders' meeting.
According to Fox Business Channel, Hassett, director of the National Economic Council, said that the most senior negotiators in Congress will meet with White House officials next week. Hassett said that US Treasury Secretary Bescent and I will present President Trump's priorities at the meeting. Hassett called the meeting a "Big Six" meeting. The "Big Six" negotiators are Bescent, Hassett, House Speaker Johnson and Senate Majority Leader Thune, as well as House Ways and Means Committee Chairpers...
The Federal Court of Australia overturned a previous adverse judgment against crypto lending platform Block Earner, finding that its crypto-backed Earner products did not violate local financial regulations. The court ruled that Block Earner's blockchain lending products are fixed-term loan agreements, not financial investment products that require regulatory approval. The court not only dismissed all the charges by the Australian Securities and Investments Commission (ASIC), but also asked ASIC...
Trump said after the "hush money" verdict that he would continue to appeal. His post said, "Radical Democrats have lost another tragic witch hunt. The real jury, the American people, have spoken and voted overwhelmingly to re-elect me. Today's events were a despicable hoax, and now that the matter is over, we will appeal this baseless hoax and restore Americans to my...
Citi Research: Our basic judgment is that OPEC + will delay the lifting of production cuts by one quarter to April 2025.
Fed policy has been tight enough, but it is difficult to judge precisely how restrictive monetary policy is, said Mr. Barkin. Interest rates could be recalibrated to a less restrictive level. There is plenty of data between now and December. Demand data have been stronger since the Fed began cutting rates. He said he viewed the inverted yield curve as good news.
Fed Chairperson Jerome Powell said it was too early to pass judgment on the impact of Trump's policies and that it was important to reserve judgment on the impact of new policies and wait and see how things actually develop. In the case of fiscal policy, passing a bill takes a long time. The Fed has time to assess the net effect of policy changes before reacting to them. Changes in government policy usually do not have an immediate impact on the achievement of the Fed's goals.
According to a court verdict, South Korea's Supreme Court rejected the appeal of former Fantom CEO Byung-IkAhn for lack of evidence. The case originated from Sik Sin's failure to fulfill a service agreement with Fantom, including technology implementation and the application of Fantom technology to the Korean food technology industry.
On October 17, Goldman Sachs said that we expect the Federal Reserve to cut interest rates by 25 basis points in a row between November 2024 and June 2025, and the final interest rate range will reach 3.25% -3.5%; the European Central Bank is expected to cut interest rates by 25 basis points in October, and will cut interest rates by 25 basis points in a row thereafter until the policy rate reaches 2% in June 2025.