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Federal Reserve Governor Stephen Miran downplayed the economic impact of President Donald Trump's sweeping trade measures, saying there’s little evidence the new tariffs are weighing on growth or stoking inflation.Miran, who spoke at Semafor’s World Economy Summit on Thursday, said there have been "no real material signs of growth drags, no real material signs of an inflation spike." Pressed on whether consumers would end up paying more as companies pass along […]

President Donald Trump said he may attend next month’s Supreme Court oral arguments in a key tariffs case that could decide the future of his trade policy.His attendance would make Trump the first sitting president ever to witness Supreme Court arguments in person.The White House did not immediately respond for further comment.TRUMP TARIFFS HAUL OVER $200B IN REVENUES AS SUPREME COURT WEIGHS CHALLENGE TO LEGALITY"We have a big case coming […]

As part of a special federal task force investigating where a staggering $24 billion designated for homelessness in California has ended up, the Department of Justice revealed initial findings on Thursday, announcing new criminal cases against two LA area real estate developers who the federal government says misused roughly $50 million in a combination of federal, state and local dollars earmarked for homelessness."This is not a victimless crime," said Akil […]

JPMorgan Chase CEO Jamie Dimon warned this week that there could be credit risks lurking in the economy, saying that "when you see one cockroach there are probably more."Dimon spoke on the bank's quarterly earnings call on Tuesday and acknowledged that the firm had to take a $170 million write-off in the third quarter related to the bankruptcy of subprime auto lender and dealership Tricolor. He also pointed to the bankruptcy of auto […]

Hundreds of thousands of Ford vehicles in the U.S. are being recalled due to seatbelt and rearview camera issues, regulators said on Friday.The National Highway Traffic Safety Administration (NHTSA) said in a Friday notice that 332,778 Mustang vehicles from model years 2015-2017 were recalled because water and road salt may corrode the front seat belt anchor pretensioner cables. NHTSA warned that the corroded cable can break, which would prevent the seat […]