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    Is the supreme court ready to stand up to Trump over Federal Reserve attack?

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    Conservative majority appears eager to hand president greater power – with one exception: the US central bankDonald Trump has tried his usual tactics when it comes to getting the US Federal Reserve to lower interest rates: bully when persuasion doesn’t work, and then fire when bullying doesn’t work.In an unprecedented assault on the central bank, the president has called the Fed chair, Jerome Powell, “stupid” and threatened to fire him for not cutting interest rates as quickly as Trump would like. Most recently, the justice department instigated a criminal investigation against Powell for testimony he gave about renovations at the Fed’s headquarters. Even so, the Fed has not budged. Continue reading… More

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      Wall Street landlords have met a surprising opponent in Trump. So why is Starmer courting them? | Adam Almeida

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      To win votes, Trump can afford to face up to corporate power – to deliver his promised 1.5m homes, Starmer can’tIn an incredibly polarised society, there are fewer and fewer things that seem to unite both sides of the aisle in the US political system. Yet it turns out that an objection to Wall Street’s grand heist of single-family homes has done just that.We might expect Alexandria Ocasio-Cortez and Elizabeth Warren to rail against the incursion of institutional investors into residential real estate markets, causing rent prices to jump and effectively locking millions of households out of home ownership. However, I admit I was surprised to see JD Vance and Marjorie Taylor Greene striking a similar note. But I was completely dumbfounded to see the real estate tycoon and Wall Street darling Donald Trump sing from the same hymn sheet.Adam Almeida is a writer and researcher living in London Continue reading… More

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      Rashida Tlaib on fighting billionaire oligarchs: ‘The American people overwhelmingly want to tax the rich’

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      The Democratic representative plans to introduce a bill halting subsidies and tax advantages for the super-richThey had the best seats in the house. When Donald Trump was sworn in as US president a year ago this week, tech titans Jeff Bezos, Tim Cook, Elon Musk, Sundar Pichai and Mark Zuckerberg were sitting closer than even some of his cabinet picks, living symbols of the US’s new gilded age.“It was so gross,” Rashida Tlaib, a Democratic representative from Michigan, recalled in a phone interview. “It was like a reunion of all the billionaires. Some of them didn’t even like each other, but boy, did they come together for Trump.” Continue reading… More

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      Markets fall and gold and silver hit new highs after Trump’s latest tariff threat

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      European carmakers among hardest hit with US president’s talk of Greenland-linked trade levies also pushing down the dollarMarkets stay calm amid Trump’s gambit, but long-term risks are hugeCould the EU hit back with its ‘big bazooka’?European stock markets fell on Monday and gold and silver prices hit record highs after Donald Trump threatened to impose additional tariffs on eight European countries in an increasingly aggressive attempt to claim Greenland.France’s Cac fell 1.8%, while Germany’s Dax and Italy’s FTSE MIB were down 1.3%. In the UK, the FTSE 100 fell 0.4%. Continue reading… More

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      ‘America first’? Trump financial products raise questions about potential presidential conflicts of interest

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      Five exchange-traded funds have been launched by Trump Media, owner of the president’s social media platform Truth SocialThe word “Truth” was plastered all around the New York Stock Exchange on Thursday morning. At 9.30am, when the market opened, a small crowd stood on the balcony above the trading floor to ring in the day.The group was celebrating the launch of five exchange-traded funds, or ETFs, that are tied to Truth Social, Donald Trump’s social media platform that has spun into a menagerie of products over the last few years. Continue reading… More

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      Trump threatens 25% tariff on European allies until Denmark sells Greenland to US

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      Heads of state across Europe respond in solidarity with Denmark and Greenland, and boycott of World Cup suggestedDonald Trump threatened a 25% tariff on a slew of European countries including Denmark, Germany, France and the UK – until the US is allowed to purchase Greenland, in an extraordinary escalation of the president’s bid to claim the autonomous Danish territory.In a lengthy post on Saturday on Truth Social, Trump said he would impose a 10% tariff on Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland beginning 1 February, “on any and all goods sent to the United States of America”. Continue reading… More

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      How local and national news outlets are covering the aftermath of ICE shooting: ‘Get there, bear witness, ask questions’

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      Strong media presence in Minneapolis has ensured Renee Good’s shooting, and its fallout, has received wide coverageAfter a federal immigration agent shot and killed 37-year-old Renee Nicole Good in Minneapolis, Minnesota, with grisly videos quickly going viral on social media, news organizations from around the state, country and world dispatched correspondents and anchors to the scene.In the days since, that media presence has ebbed and flowed – though a well-resourced local news corps and many national journalists have remained, including reporters for the Guardian, covering additional clashes between police and protesters. Continue reading… More

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      Trump-linked figures lead talks on $200m European pipeline contract

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      Exclusive: Jesse Binnall and Joe Flynn, who campaigned to overturn 2020 election, seek to win Bosnia deal for little-known US firmLeading members of Donald Trump’s campaign to overturn the 2020 presidential election are seeking a huge European pipeline contract, the latest figures from the US president’s circle to mix business and geopolitics.Jesse Binnall, a lawyer who worked on legal actions advancing Trump’s baseless claim that the vote was stolen from him, and Joe Flynn, who also sought to undermine Joe Biden’s victory, have been in Bosnia this week to discuss the project. Continue reading… More