Immigrants help keep job growth high as inflation cools

Immigrants help keep job growth high as inflation cools

U.S. President Joe Biden greets members of the U.S. Border Patrol at the U.S.-Mexico border in Brownsville, Texas, U.S., February 29, 2024. Kevin Lamarque | Reuters Immigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. The effect … Read more

U.S. sends senior adviser amid surging Israel-Lebanon tensions

U.S. sends senior adviser amid surging Israel-Lebanon tensions

Smoke and flame rise after Hezbollah carried out a missile attack on Safed city, northern Israel on June 12, 2024. Anadolu | Anadolu | Getty Images A senior U.S. adviser will travel to Israel in a bid to cool rising tensions at the Lebanon border, where recent rains of missiles have reignited the risk of … Read more

Russia’s Putin outlines conditions for peace talks with Ukraine

Russia’s Putin outlines conditions for peace talks with Ukraine

Russian President Vladimir Putin speaks during his meeting with scientists while visiting the Joint Institute for Nuclear Research on June 13, 2024 in Dubna, Russia. Contributor | Getty Images News | Getty Images Russian President Vladimir Putin on Friday set out the requirements for Moscow to start peace talks with Ukraine, more than two years … Read more

G7 taps Moscow’s frozen assets in support of Ukraine

G7 taps Moscow’s frozen assets in support of Ukraine

A simple principle underpins a contentious Thursday decision by the U.S. and key allies to tap profits from Russian sovereign assets in support of Ukraine: Moscow must make reparations. “Russia has to pay,” European Council President Charles Michel told CNBC’s Steve Sedgwick, after the leaders of the Group of Seven (G7) major democracies agreed in … Read more

More aid can be backed by Russian assets

More aid can be backed by Russian assets

U.S. Treasury Secretary Janet Yellen speaks to the Economic Club of New York in New York City, U.S., June 13, 2024. Brendan McDermid | Reuters U.S. Treasury Secretary Janet Yellen said Thursday that the $50 billion loan to Ukraine that President Joe Biden and other leaders of Group of Seven highly developed nations have agreed … Read more

Biden cheers cooling inflation ahead of key Fed interest rate decision

Biden cheers cooling inflation ahead of key Fed interest rate decision

President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did not rise in May over their April levels, marking the first time since 2022 that U.S. month-over-month inflation has remained flat. “Prices are still too high, but today’s report shows welcome progress on lowering inflation,” … Read more

Hungary agrees not to veto NATO’s deepening support for Ukraine

Hungary agrees not to veto NATO’s deepening support for Ukraine

Hungarian Prime Minister Viktor Mihaly Orban. Thierry Monasse | Getty Images News | Getty Images NATO Secretary-General Jens Stoltenberg said Hungary will neither block nor participate in the military alliance’s deepening support for Ukraine, as he looks to shore up support ahead of a key summit in Washington next month. “At the summit, I expect allies … Read more

Trump says he will eliminate taxes on tips

Trump says he will eliminate taxes on tips

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign event, in Las Vegas, Nevada, U.S. June 9, 2024.  Brendan McDermid | Reuters Former President Donald Trump said he would eliminate taxes on tipped income if he wins a second White House term, an effort to appeal to voters in the battleground … Read more

Israel between far-right coalition and Gaza cease-fire

Israel between far-right coalition and Gaza cease-fire

Benny Gantz, a member of the country’s wartime cabinet, departs after announcing his resignation during a press conference on June 9, 2024. Amir Levy | Getty Images News | Getty Images Israel’s war cabinet minister Benny Gantz resigned from the emergency government, dealing a decisive blow which is expected to entrench Prime Minister Benjamin Netanyahu … Read more

South Dakota Gov. Kristi Noem says Trump choosing a woman VP would help him win

South Dakota Gov. Kristi Noem says Trump choosing a woman VP would help him win

South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022.  Shannon Stapleton | Reuters South Dakota Gov. Kristi Noem, once a strong contender to be former President Donald Trump’s vice presidential pick, suggested on Sunday that the presumptive Republican … Read more