Fed Governor Cook's Lawyer Rebuts Trump's Fraud Claims, Says No Grounds for Dismissal
Lisa Cook's lawyer rejects mortgage fraud accusations as baseless, arguing there is no legal cause for her removal from the Fed.
Economy
Fed Governor Cook Rejects White House Bid to Remove Her
Federal Reserve Governor Lisa Cook has told the White House there is no legal basis for her removal, responding to renewed pressure over mortgage disclosures.
Qatar PM heads to Tehran as Gulf diplomacy shifts to economics
Qatar's prime minister will visit Tehran to push for renewed diplomacy and freedom of navigation in the Strait of Hormuz.
Ex-JPMorgan Executive Told Congress He Shared Bank Secrets With Epstein
Former JPMorgan executive Jes Staley admitted to Congress he shared confidential bank information with Jeffrey Epstein, including Fed communications and pending deals.
Canada's electricity threat: What it really means for US power supply
Despite Ontario's threat to cut electricity exports, experts say US power supply is secure, with economic impacts more likely than blackouts.
US Army picks five firms for $2.2 billion microreactor push
The US Army has selected five companies for up to $2.2 billion in contracts to build and operate microreactors on military bases, targeting deployment by 2028.
Carney to address European Parliament as Canada pivots away from US
Canadian PM Mark Carney will address the European Parliament in September, part of a broader strategy to reduce Canada's economic dependence on the US.
Banxico lifts 2025 growth outlook, pushes inflation goal to 2027
Mexico's central bank raised its 2025 GDP forecast to 1.5% but delayed the inflation convergence timeline to Q4 2027.
Brazil's Floating-Rate Debt Share Could Hit Record 53% This Year
Brazil's Treasury now expects floating-rate debt to reach 49%-53% of total public debt this year, up from an earlier forecast of 46%-50%.
Ivory Coast cocoa delay raises port congestion fears ahead of EU deadline
A delayed Ivory Coast cocoa main crop could cause port congestion in December as exporters rush shipments before stricter EU deforestation rules take effect.
Trump says US doesn't need Canada. Trade data and supply chains say otherwise
Despite President Trump's claims, US reliance on Canadian energy, minerals, and auto parts underscores deep economic ties.
Loonie Slips to One-Week Low as Canada-U.S. Tariff War Weighs
The Canadian dollar hit a one-week low as new U.S. tariffs and retaliation stoked worries about exports and growth.
White House seeks wider refinery waivers to curb fuel prices
White House urges EPA to grant more small refinery biofuel waivers to ease pump prices, risking backlash from agricultural states.
US Declares Drought Disaster in Puerto Rico as Water Crisis Deepens
US declares drought disaster for 26 Puerto Rico municipalities, unlocking emergency loans for farmers as extreme drought grips over a third of the territory.
Czech farms cull cattle as drought drives feed costs to record highs
Czech farmers are cutting cattle herds as an exceptional drought shrinks feed supplies and sends hay prices soaring.
Iran and Oman Still Negotiating Strait of Hormuz Deal, Tehran Source Says
Iran and Oman continue talks on a Strait of Hormuz agreement, with Tehran accusing Washington of obstruction.
African Union to Launch Continental Credit Rating Agency in October
The African Union will launch its own credit rating agency on October 5 in Mauritius, seeking fairer assessments for African economies.
Norway trims gas exports ahead of winter as fields undergo maintenance
Norway's gas exports will drop about 20% through September due to planned maintenance, with a separate field outage lasting until February.
US GDP growth eases to 1.5% in Q2 2026 as price pressures firm
US GDP grew at a 1.5% annual rate in Q2 2026, down from 2.1% in Q1, as inflation measures were revised upward.
Trump says time to teach Canada a trade lesson after talks collapse
Trump says it's time to teach Canada a lesson after trade talks broke down, with both sides imposing matching tariffs.