Americas / The Economic Times
A federal judge in Nevada disqualified acting U.S. Attorney Sigal Chattah from several criminal cases, ruling her temporary appointment exceeded legal limits. This decision, mirroring a similar case in New Jersey, underscores the Trump administration's controversial strategy of bypassing Senate confirmation for key roles. Judge David G.
U.S. job openings remained largely unchanged at 7.23 million in August, as economic uncertainty from Trumps trade policies and a potential government shutdown weighed on hiring. Layoffs fell, but quits also dropped, signaling cautious worker confidence.
Tyler Robinson, 22, charged with aggravated murder in the killing of conservative figure Charlie Kirk, faces a court hearing Monday to decide on a preliminary hearing. Prosecutors, who are seeking the death penalty, have revealed incriminating text messages and DNA evidence. Kirk's assassination has galvanized Republicans and sparked political fallout.
President Trump addresses the UN, criticizing globalist institutions and outlining his America First foreign policy. He highlights efforts to resolve conflicts, despite challenges in Gaza and Ukraine. Trump's speech comes amid global tensions and questions about his approach to international relations, including military actions and views on Palestinian statehood. His pursuit of a Nobel Peace Prize may influence his tone.
China has launched two probes into the US semiconductor sector ahead of trade talks in Spain this week. The Ministry of Commerce announced an anti-dumping investigation into certain analog IC chips imported from the US, including products commonly made by Texas Instruments and ON Semiconductor. A separate anti-discrimination probe will examine US measures against Chinas chip industry.
Rudy Giuliani got injured in a car accident in New Hampshire. The vehicle he was in was hit from behind. Giuliani suffered a fractured vertebra and other injuries. Ted Goodman, his spokesperson, and the other driver also sustained injuries. Police are investigating the incident. Giuliani is currently recovering in a trauma center.
Donald Trump's action to dismiss a Federal Reserve board member sparks worries. Experts fear this move threatens the Fed's autonomy. Economists caution that political influence could lead to higher inflation. Lisa Cook's potential removal could shift the Fed's board control. The court will decide on blocking Cook's firing. The Fed's independence is crucial for economic stability.
The U.S. government is investing heavily in domestic critical mineral production to reduce reliance on China. This initiative includes funding for American companies, setting minimum prices for U.S.-produced minerals, and investigating foreign supplies. These efforts aim to secure the supply chain for essential components in electric vehicles, smartphones, and defense technologies, addressing national security concerns.
President Trump is challenging the Senate's lue slip tradition, which allows home-state senators to influence judicial and U.S. attorney nominations, deeming it unconstitutional and threatening legal action. However, key Republican senators, including Grassley and Thune, are resisting Trump's push to abandon the practice. They argue it's a valuable tool for both parties and essential for confirming nominees.
Keurig Dr Pepper is set to acquire JDE Peet's, the owner of Peet's Coffee, for approximately $18 billion. Following the acquisition, the company intends to split into two distinct entities: one concentrating on coffee brands and the other on its beverage portfolio, including Dr Pepper and 7Up.
The Trump administration's renewed pursuit of the death penalty faces significant judicial pushback, with judges blocking attempts to reverse prior decisions against capital punishment in numerous cases. Attorney General Bondi's efforts to reinstate the death penalty, fulfilling a Trump campaign promise, have been largely thwarted due to constitutional and procedural concerns.
In the United States, unemployment claims saw a slight increase last week. The Labor Department reported 235,000 new applications. However, overall layoffs remain within a healthy range, consistent with the past few years. The four-week average also experienced a rise. The number of Americans receiving benefits reached 1.97 million, the highest since November 2021.