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US Politics · United StatesFederal Reserve Chairman Jerome Powell pushed back on President Trump’s cost estimate of renovations at the central bank’s headquarters during a tour of the site on Thursday. “It looks like it’s about $3.1 billion. Went up a little bit, or a lot,” Trump said, asserting the cost of the renovation had increased from the previously estimated $2.5 billion. Powell, standing next to Trump as he addressed reporters, shook his head. “I’m not aware of that, Mr. President,” Powell said. “I haven’t heard that from anybody at the Fed.”See the Story
Trump, Powell Clash as President Visits Federal Reserve
37% Left coverage: 79 sources
Trade War · Brussels The EU and United States are closing in on a trade deal that would impose 15% tariffs on European imports, similar to the agreement U.S. President Donald Trump struck with Japan this week, the Financial Times reported on Wednesday.See the Story
US and EU close in on 15% tariff deal, FT reports
40% Center coverage: 60 sources
Business · South KoreaSouth Korea’s SK Hynix on Thursday posted record operating profit and revenue in the second quarter on sustained demand for its high bandwidth memory technology used in generative AI chipsets. See the Story
Nvidia supplier SK Hynix second-quarter profit soars 68% to a record high, revenue also hits new highs
54% Center coverage: 50 sources
