Washington, May 13 (IANS) US President Donald Trump said Iran’s military had been “wiped out” and warned Tehran would either agree to a deal or face further destruction, as he defended his administration’s handling of the conflict and argued that oil prices and inflation would eventually fall once the war ends.Speaking to reporters at the White House before departing aboard Marine One, Trump repeatedly insisted that “Iran cannot have a nuclear weapon” and said the issue outweighed co…
Latest US economy News & Updates
Washington, May 1 (IANS) President Donald Trump on Friday highlighted strong economic indicators and reiterated his “America first” approach, citing record employment, stock market gains, and domestic investment. “The stock market is hitting record numbers. We have more people working in the USA today than we’ve ever had working,” Trump told reporters at the White House.He said economic growth was being driven by tax cuts and deregulation. “We have the largest tax cuts in the his…
Washington, April 30 (IANS) President Donald Trump said his administration plans to release additional information related to unidentified flying objects (UFOs), while also projecting confidence in the US economy and investment environment.“We’re going to be releasing a lot of things that we have… I think some of it’s going to be very interesting to people,” Trump told reporters when asked about UFO files.He noted long-standing public interest in the subject. “They want to find out a…
Los Angeles, April 27 (IANS) Americans are feeling the strain as the cost of groceries, gasoline, and utilities continues to rise. Economists say a one-two punch of new US tariffs and a war-driven spike in global energy prices are pushing up everyday expenses and threatening to slow growth just as households had begun to regain some breathing room.”I feel betrayed,” Katie Peyrey, a 66-year-old struggling grandmother and caregiver from Burbank, California, told Xinhua news agency.She is a minimum…
Washington, April 24 (IANS) Indian American lawmakers and community leaders have strongly condemned remarks by Donald Trump targeting Indian immigrants and India, calling them offensive, divisive and harmful to bilateral ties.Ami Bera, the longest-serving Indian American Member of Congress, said he was proud of his heritage and of the United States. “As the son of immigrants from India, I take great pride in both my heritage and in the country that gave my family the opportunity to build a bet…
Washington, March 31 (IANS) US Trade Representative Jamieson Greer said on Tuesday that the US is largely shielded from supply chain disruptions stemming from tensions in the Strait of Hormuz, but these disruptions are impacting key Asian economies. “Right now, I think the thing to understand is that the United States is generally insulated from a lot of the supply chain effects when it comes to… direct commodities,” Greer told Bloomberg in an interview, noting reliance on “domestic sourcing” …
Washington, March 19 (IANS) Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict in the Middle East. Powell on Wednesday (local time) said the Federal Open Market Committee decided to keep its policy rate unchanged because the current stance remained appropriate. He said the US economy was expanding at “a solid pace”, even as inflation stayed above ta…
New Delhi, March 13 (IANS) India’s GDP is expected to grow 7.5 per cent in the fiscal year ending March 2026 higher than 7.4 per cent forecasted earlier, due to resilient domestic demand even as activity showed tentative slowing in January and February, a report said on Friday.Credit rating agency Fitch Ratings said domestic demand will drive the growth, with consumer spending and investment expected to expand by 8.6 per cent and 6.9 per cent, respectively, in FY26.High frequency indicators in…
Washington, March 10 (IANS) US President Donald Trump used a closed-door address to House Republicans in Florida to mix wartime rhetoric with election-year politics, praising US military action against Iran and pressing lawmakers to rally behind what he called the “Save America Act”.Speaking at the Republican Members’ Issues Conference at Doral, on Monday Trump said House Republicans were part of “one of the most consequential Republican majorities in history” and argued that their legis…
New Delhi, Feb 27 (IANS) Gold and silver prices posted strong gains on Friday, amid rise in the US-Iran tensions and marginal decline in US dollar.MCX gold April futures gained 0.43 per cent to Rs 1,60,399 per 10 grams around 12.30 am on an intra-day basis. Meanwhile, MCX silver March futures gained 3.05 per cent to Rs 2,67,600 per kg.The US-Iran nuclear negotiations were extended without any clear progress, keeping geopolitical tensions elevated. The buildup of US troops led to both countries e…