With inflation progress slow, Fed’s Daly says rate cuts may need to wait

Mary Daly of the San Francisco Fed discusses interest rates, inflation risks, and the economy's resilience amid uncertainties related to Trump's trade policies.

US judge temporarily blocks mass firings at consumer bureau

A federal judge stopped mass firings at the CFPB, raising concerns about compliance with court orders during the Trump administration's staffing cuts and accusations of workplace abuse.

Italy agrees with US to oppose ’discriminatory’ tech taxes

Italy and the U.S. issued a joint statement opposing discriminatory digital taxes, signaling potential changes to Italy's 3% web tax in light of U.S. pressures and investment opportunities.

Trump studying whether to fire Fed Chair Powell, adviser says

Kevin Hassett discusses the potential for Trump to fire Fed Chair Jerome Powell, raising concerns about Fed independence amid ongoing tensions relating to interest rates and tariffs.

Trump administration seeks records from Harvard on foreign funding and ties

Trump's administration is demanding records from Harvard on foreign funding amid a crackdown on universities over protests and other culture issues, threatening funding and compliance measures.

IMF-World Bank meetings to discuss restoring support for Syria, UN official says

Officials will discuss restoring Syria's World Bank and IMF support, while sanctions hinder reconstruction efforts. Saudi Arabia's payments could facilitate potential grants for rebuilding.

US Vice President says he is ’optimistic’ Russia-Ukraine war can be ended

Vice President JD Vance expressed optimism in ending the Russia-Ukraine war during a meeting with Italian Prime Minister Giorgia Meloni amidst ongoing negotiations.

Italian fashion house Valentino suffers 22% profit drop in 2024

Valentino's operating profit fell 22% in 2024 amid a luxury market slowdown. Revenue decreased 2%, but online sales rose 5% as the brand adapted to new leadership and shifted focus.

Busy US earnings week confronts market grappling with tariff fallout

Japan cautions about uncertainty from Trump trade policies