Trump Says He Won't Fire Powell, But Again Demands Rate Cut
President Donald Trump said Thursday he did not plan to fire Federal Reserve Chair Jerome Powell, days after saying he would 'soon' pick his nominee to lead the central bank next.
'The fake news is saying, 'Oh, if you fired him, it would be so bad, it would be so bad.' I don't know why it would be so bad, but I'm not going to fire him,' Trump said at a White House event on Thursday.
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USA Today
16 minutes ago
- USA Today
US appeals court won't reconsider Trump's $5 million loss to E. Jean Carroll
US appeals court won't reconsider Trump's $5 million loss to E. Jean Carroll A divided 2nd U.S. Circuit Court of Appeals has left intact its Dec. 30 decision upholding a $5 million verdict against Donald Trump Show Caption Hide Caption Judges deliberating on Trump's E. Jean Carroll appeal Judges are deliberating on whether the jury that awarded E. Jean Carroll $5 million should have been allowed to hear other allegations. NEW YORK, June 13 (Reuters) - Donald Trump failed to persuade a federal appeals court to reconsider the $5 million verdict won by E. Jean Carroll after a jury found that the U.S. president sexually abused and defamed the former magazine columnist. A divided 2nd U.S. Circuit Court of Appeals in Manhattan on June 13 left intact its Dec. 30, 2024, decision upholding the jury award. Carroll, now 81, accused Trump of attacking her around 1996 in a Bergdorf Goodman department store dressing room in Manhattan, and defaming her in an October 2022 Truth Social post by denying her claim as a hoax. More: Trump loses appeal of sexual abuse and defamation judgment in E. Jean Carroll case Jurors decided in May 2023 that Trump had sexually assaulted Carroll, and defamed her by lying. They did not find that Trump raped Carroll, as she had claimed. More: Did Donald Trump rape E. Jean Carroll? Here's what a jury and judge said. In seeking reconsideration, Trump maintained that the trial judge erred in letting jurors review the 2005 "Access Hollywood" video of him bragging about his sexual prowess, and a "pile-on" of inflammatory evidence that he mistreated two other women. One, businesswoman Jessica Leeds, said Trump groped her on a plane in the late 1970s. The other, former People magazine writer Natasha Stoynoff, said Trump forcibly kissed her at his Mar-a-Lago estate in 2005. Trump has denied their claims. More: Jury finds Donald Trump liable in civil sex abuse case of E. Jean Carroll Trump, who turns 79 on June 14, is separately appealing an $83.3 million jury verdict in January 2024 for defaming Carroll and damaging her reputation in June 2019, when he first denied her claim about the Bergdorf encounter. The president is arguing in that appeal that the U.S. Supreme Court's decision last July providing him substantial criminal immunity shields him from liability in Carroll's civil case. In his 2019 and 2022 denials of Carroll's accusations, Trump said she was "not my type" and had made up the rape claim to promote her memoir.
The Verge
17 minutes ago
- The Verge
The new Pebble watch's mobile app will also work with some old Pebble watches
On his personal blog, Eric Migicovsky, the creator of the original Pebble smartwatch, has shared some updates and important milestones about the smartwatches his new company plans to release this year. The Core 2 Duo smartwatch is 'nearing mass production,' according to Migicovsky, and Core Devices is 'on track to ship out all pre-orders in July and August.' Customers who preordered the Core 2 Duo should receive an email later this month to confirm shipping and to pay any regional charges that apply, including duties, tariffs, and taxes. The Core 2 Time – an upgraded version of the Core 2 Duo that adds a touchscreen and sleep and step tracking capabilities – is also still on schedule for a release later this year, and the company is 'aiming to have working engineering samples within the next month.' Migicovsky also says the Core 2 Duo is ready to start beta testing and that 200 units have been manufactured and will be sent out to some early preorder customers over the next few weeks, but only those who opt in and are selected to be testers. The company is seeking volunteers to try the new hardware, software, and mobile apps. The most interesting detail about Core Devices starting its beta test program is that it's not limited to those who preordered the new watches. Migicovsky revealed that the company's new iOS and Android mobile apps are also designed to work with older smartwatches, including the Pebble Time (both the Steel and Round versions) and the Pebble 2. If you still have any of those models on hand, you're encouraged to join the beta program to put the new app through its paces. Even if you don't have any interest in testing Core Devices' new hardware or software, this is great news for fans of the original Pebble watches who have had to rely on sideloading old versions of the company's mobile app to keep them running after Fitbit ended support back in 2018.
Yahoo
17 minutes ago
- Yahoo
Foxconn Ships 97% of India-Made iPhones to U.S.
Apple's (NASDAQ:AAPL) efforts to sidestep steep U.S. tariffs on China-made handsets are crystalizing in India, where Foxconn shipped roughly 97% of its $3.2 billion in iPhone exports to the U.S. between March and Mayup from a 50.3% U.S. share in 2024. May alone saw about $1 billion of India-made iPhones land stateside, the second-largest monthly tally after March's $1.3 billion, according to customs data. In the first five months of 2025, Foxconn has sent $4.4 billion worth of devices from India to Americaalready surpassing the full-year 2024 total of $3.7 billion. Apple CEO Tim Cook told investors that most iPhones sold in the June quarter in the U.S. would be built in India, part of a broader push to diversify manufacturing beyond China. Foxconn's plants and Tata Electronics' three South India facilitieswhere 86% of their March-April output also went to the central to that strategy. Apple has even lobbied Chennai airport officials to cut customs clearance times from 30 hours to six, smoothing the export pipeline. While India faces its own tariff negotiationsa baseline 10% import duty and a paused 26% surcharge proposed by the Trump administrationApple's shift underscores how global supply chains are realigning around tariff arbitrage. In parallel, former President Trump has threatened 25% levies on iPhones not made in the U.S. and floated 55% duties on Chinese goods, highlighting the political stakes. Why It Matters: With India becoming a primary export hub for U.S. iPhone sales, Apple could trim tariff drag and fortify its supply resiliencebut must navigate evolving duties and geopolitical headwinds. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
