U.S. President Donald Trump's envoy, Steve Witkoff, will visit Moscow this week for a new round of talks with Russian President Vladimir Putin about the war in Ukraine, the White House said on Tuesday.

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

Trump and GOP lawmakers have weighed raising taxes for some of the country's wealthiest to offset their broader tax proposal.

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.

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.

Gold prices soared to a record high, hitting the crucial $3,500 mark on Tuesday, as concerns over U.S. President Donald Trump's criticism of Federal Reserve Chair Jerome Powell dampened risk sentiment and drove investors towards safe-haven bullion.

The price of gold jumped to a fresh record high on Tuesday, as concerns about US President Donald Trump’s intention to oust Federal Reserve Chair Jerome Powell weighed on investors.