Fed’s Goolsbee hopes US not moving to where monetary independence is questioned - CBS ’Face the Nation’

Austan Goolsbee warns against undermining the Federal Reserve's independence, emphasizing its importance for better economic outcomes amidst political pressures.

Busy US earnings week confronts market grappling with tariff fallout

U.S. company results amidst tariff concerns expect volatility, with economists signaling increased recession risks and investors awaiting key reports from major firms like Tesla and Alphabet.

South Korea, US, to hold trade talks this week, Seoul says

South Korea and the U.S. are set for trade talks aiming to address the 25% tariff imposed by the U.S., during the IMF and World Bank meetings in Washington.

DHL to suspend global shipments of over $800 to US consumers

China’s US envoy urges end to trade war, but warns Beijing ready to fight

Carney pledges tax cuts, defense spending in Canada election platform

Mark Carney's campaign focuses on tax cuts, infrastructure, and defense spending while reducing Canada's reliance on the U.S. and managing government spending growth.

India central banker warns of dwindling money market liquidity

India's central bank warns of liquidity risks in the call money market, stressing the need for proactive banks and better management in the derivatives market for effective monetary policy transmission.

China shipbuilders rip Trump’s ’short-sighted’ US port fees

US Treasury’s Bessent names deputy as acting IRS chief

Michael Faulkender is appointed acting IRS commissioner by Treasury Secretary Scott Bessent, replacing Gary Shapley, as trust in the agency is prioritized.

IRS acting head ousted after US Treasury chief wins power struggle with Musk, NYT reports

Treasury Secretary Scott Bessent's complaint leads to the replacement of IRS acting commissioner Gary Shapley, appointed without his knowledge at Elon Musk's request, amid ongoing controversies.