Author: Robert Jones
On Friday, the Federal Reserve announced Adriana D. Kugler, a member of its Board of Governors, is resigning early in a move that will allow President Donald Trump to select her replacement amid ongoing tensions with Jerome Powell, the body’s chair.Newsweek contacted the Federal Reserve for comment via online inquiry form on Saturday outside of regular office hours.Why It MattersTrump has launched a series of scathing attacks on Powell over his refusal to reduce interest rates. The president claimed that the central banker is “TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair” in a…
SAN SALVADOR, El Salvador (AP) — The party of El Salvador President Nayib Bukele approved constitutional changes in the country’s Legislative Assembly on Thursday that will allow indefinite presidential reelection and extend presidential terms to six years.Lawmaker Ana Figueroa from the New Ideas party had proposed the changes to five articles of the constitution. The proposal also included eliminating the second round of the election where the two top vote-getters from the first round face off.New Ideas and its allies in the Legislative Assembly quickly approved the proposals with the supermajority they hold. The vote passed with 57 in favor…
RALEIGH, N.C. (AP) — Democrats still in the dumps over last year’s elections have found cause for optimism in North Carolina, where former Gov. Roy Cooper jumped into the race for that state’s newly open seat with a vow to address voters’ persistent concerns about making ends meet.Even Republicans quietly note that Cooper’s candidacy makes their job of holding the seat more difficult and expensive. Cooper had raised $2.6 million for his campaign between his Monday launch and Tuesday, and more than $900,000 toward allied groups. Republicans, meanwhile, are hardly ceding the economic populist ground. In announcing his candidacy for…
President Donald Trump has said that Canada’s support for a Palestinian state will make any trade deal between Washington and Ottawa “very hard.”In a post on Truth Social, Trump referred to comments made by Canadian Prime Minister Mark Carney that Canada was planning to recognize a Palestinian state at the United Nations in September.Trump wrote: “Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!”Newsweek has contacted Global Affairs Canada for comment. Canada’s Prime Minister Mark Carney and President Donald Trump…
ROME (AP) — Hard-right commentators, politicians and activists in Europe have uncovered a secret to expanding their influence: engaging with Elon Musk.Take the German politician from a party whose own domestic intelligence agency has designated as extremist. Her daily audience on X surged from 230,000 to 2.2 million on days Musk interacted with her posts. She went on to lead her party to its best-ever electoral showing.Or the anti-immigration activist in Britain, who was banned from Twitter and sentenced to 18 months in prison for contempt of court. Since Musk let him back on the platform in late 2023, he’s…
Facebook Tweet Email Link There has been something of a shift in the conventional wisdom about President Donald Trump’s tariffs of late. On the one hand, economists and political analysts have warmed to the idea that Trump is more or less getting what he bargained for out of his threats of a global trade war. This has come as a number of foreign nations come to the table and, in a few cases, cut apparent deals. On the other, that’s different from saying Trump’s tactics will ultimately work. And the picture there certainly got more complicated this week, including with…
Donald Trump has escalated his feud with Dmitry Medvedev, warning the former Russian president and long-term Putin ally he should “watch his words” and is straying into “dangerous territory.”Trump also had harsh words for India, which is a major buyer of Russian oil, saying both the Russian and Indian economies were “dead.”Trump’s comments come after Medvedev this week dismissed a call by U.S. Senator Lindsey Graham for Russia to get “to the peace table” and negotiate an end to the war in Ukraine.Newsweek reached out to the Russian and Indian governments for comment. Russian State Council’s Deputy Chairman Dmitry Medvedev…
OTTAWA, Ontario (AP) — Plans announced by France, the United Kingdom and Canada to recognize a Palestinian state won’t bring one about anytime soon, though they could further isolate Israel and strengthen the Palestinians’ negotiating position over the long term.The problem for the Palestinians is that there may not be a long term.Israeli Prime Minister Benjamin Netanyahu rejects Palestinian statehood and has vowed to maintain open-ended control over annexed east Jerusalem, the occupied West Bank and the war-ravaged Gaza Strip — territories Israel seized in the 1967 war that the Palestinians want for their state.Israeli leaders favor the outright annexation…
President Donald Trump’s approval rating among white voters has slipped to its lowest point, according to a new YouGov/Economist poll.The survey, conducted between July 25-28, puts Trump’s approval among white voters at 47 percent, with 49 percent disapproving, putting his net approval rating at -2 points.That is down from last month, when 50 percent approved and 47 percent disapproved. Overall, the poll showed Trump’s net approval rating at an all-time low of -15 among all voters, down from -14 last month, making the survey one of several that have recently shown Trump’s approval rating at a low for his second…
The U.S. stock market had its worst day since May on Friday after the government reported a sharp slowdown in hiring and President Donald Trump imposed sweeping tariffs on imports from a number of U.S. trading partners. The S&P 500 fell 1.6%, its biggest decline since May 21 and its fourth straight loss. The index also posted a 2.4% loss for the week, marking a sharp shift from last week’s record-setting streak of gains.The Dow Jones Industrial Average fell 1.2%, while the Nasdaq composite fell 2.2%.Worries on Wall Street about a weakening economy were heavily reinforced by the latest report…