Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show.The summary of the May 6-7 meeting of the Federal Open Market Committee reflected ongoing misgivings about the direction of fiscal and trade...
Category: Finance
Xiaomi takes aim at Tesla’s bestselling car in China with its longer-range YU7
Xiaomi revealed its first electric SUV, the YU7, in Beijing on May 22, 2025, and said its full launch would be held in July.Adek Berry | Afp | Getty ImagesBEIJING — China's Xiaomi, known for its smartphones, only recently entered the electric-vehicle space. It is now taking aim at Tesla's...
Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty
Chicago Federal Reserve President Austan Goolsbee said Friday that President Donald Trump's latest tariff threats have complicated policy and likely put off changes to interest rates.In a CNBC interview, the central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be...
Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
U.S. births rose by 1% in 2024, with 3.6 million births recorded for the year, according to the CDC’s National Center for Health Statistics.SAN DIEGO, CALIFORNIA - OCTOBER 26: A woman pushes a stroller while walking along the La Jolla coastline at sunset on October, 2024 in San Diego, California....
Long-term care costs can be a ‘huge problem,’ experts say. Here’s why
Kate_sept2004 | E+ | Getty ImagesLong-term care can be costly, extending well beyond $100,000. Yet, financial advisors say many households aren't prepared to manage the expense."People don't plan for it in advance," said Carolyn McClanahan, a physician and certified financial planner based in Jacksonville, Florida. "It's a huge problem."Over half,...