AYLESBURY, ENGLAND – JULY 24: UK Prime Minister Keir Starmer and Prime Minister Narendra Modi of India walk in the grounds at Chequers on July 24, 2025 in Aylesbury, England. Kin Cheung | Getty Images News | Getty Images U.K. and India’s bilateral trade is set to get a more than $34 billion annual boost…
Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said travel demand has stabilized, echoing other airlines in recent weeks. Shares were down more than 11% in afternoon trading Thursday. Here’s how Southwest performed in the second quarter compared with Wall Street expectations, according to consensus estimates from…
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Elizabeth Frantz | Nathan Howard | Reuters U.S. President Donald Trump will visit the Federal Reserve on Thursday, the White House said, escalating his pressure campaign against Chairman Jerome Powell. This is the first time in nearly two decades that an American president has…
The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Singapore’s headline inflation rate remained steady at 0.8% in June, staying at its lowest level in over four years. The inflation figure was lower than the 0.9% expected by economists, and comes ahead of…
President Donald Trump on Tuesday continued his barrage of criticism against the Federal Reserve but seemed to take a step back from any lingering plans to fire Chair Jerome Powell. “I think he’s done a bad job, but he’s going to be out pretty soon anyway,” Trump told reporters during a White House exchange. “Eight…
In an aerial view, a container ship is seen docked at the Port of Oakland in Oakland, California, on April 18, 2025. Justin Sullivan | Getty Images Across the U.S., from California to the Gulf Coast, secondary and smaller ports are processing less trade as shippers readjust supply chain deliveries in a race against August…
President Joe Biden stands with his son Hunter Biden after the president arrived at the Delaware Air National Guard Base in New Castle, Delaware, June 11, 2024. Anna Rose Layden | Reuters Hunter Biden said in a new interview that his father, former President Joe Biden, had been taking Ambien in the period before his…
A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025. Kevin Carter | Getty Images News | Getty Images Southwest Airlines passengers will fly in assigned seats for the first time on Jan. 27, the carrier told CNBC. Customers can start…
Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk…
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty Images President Donald Trump on Sunday denied a Wall Street Journal report suggesting Treasury Secretary Scott Bessent talked him out of firing Federal Reserve Chair Jerome Powell. Bessent reportedly…
