President Donald Trump rejected the possibility of raising taxes on millionaires, arguing the policy could prompt them to leave the country.

The massive attack on Kyiv and other cities in the early morning came after President Donald Trump expressed frustration with Ukraine’s leadership.

"This statement is very harmful to the Peace Negotiations with Russia," Trump said in a social media post. He said Crimea was lost years ago "and is not even a point of discussion." Zelenskiy on Tuesday reiterated that Ukraine will not recognize Russia's occupation of the Crimea.

The uncertainty hanging over President Donald Trump's tariff policy is what is really depressing investor and consumer sentiment, Krugman said.

U.S. President Donald Trump is planning to spare carmakers from some tariffs following intense lobbying by industry executives over recent weeks, the Financial Times reported on Wednesday, citing a couple of people familiar with the matter.

A dozen US states are challenging President Donald Trump’s “immense and ever-changing” global tariffs in court, alleging he illegally bypassed Congress by issuing duties under an emergency economic law.

The U.S. dollar jumped broadly against major currencies on Wednesday as investors heaved a sigh of relief after President Donald Trump backed away from threats of firing Federal Reserve Chair Jerome Powell following his recent attacks.

Donald Trump has said he has “no intention” of firing the Federal Reserve chair Jay Powell, after indications that he could sack him sparked a sell-off in markets. The president has repeatedly hit out against the Fed chair’s refusal to cut interest rates and last week signalled he believed he could dismiss Powell before his term as central bank head comes to an end in May 2026.