(Reuters) -The U.S.-Saudi Business Council has named Citigroup CEO Jane Fraser as U.S. co-chair of its board, representing the United States. Fraser replaces Steve Demetriou, former CEO of engineering contractor Jacobs, who held the role from 2018 to 2024. Lubna Olayan, chair of the Olayan Group, was also named co-chair representing Saudi Arabia. Founded in 1993 as a spin-off of the U.S.-Saudi Arabian Joint Economic Commission, the council promotes bilateral business ties between Saudi Arabia and the Un ...

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Economic Outlook - The Federal Reserve is expected to cut interest rates, with a consensus leaning towards a 25 basis points reduction, although a 50 basis points cut would be more beneficial for the economy [2][4] - The job market is showing signs of weakness, and there is a significant lack of discussion regarding the housing market, which is affecting young families' ability to afford homes [3][4] Housing Market - The current real estate market is characterized by high demand and low supply, leading to unprecedented affordability issues for young families [4] - Despite high mortgage rates, home prices have not decreased as typically expected, exacerbating the affordability crisis [4] Tariffs and Inflation - The justification for maintaining high interest rates due to tariffs is questioned, as tariffs are viewed as a one-time price increase rather than a continuous inflationary factor [5][6] - The economic environment is complex, with uncertainty surrounding tariff strategies impacting small businesses and hiring [7][8] Employment and Investment - There is optimism regarding a resurgence in hiring by the end of the year, although the current market conditions are weak [9] - Foreign investment and reshoring of manufacturing to the U.S. are anticipated to positively influence the economy [8][9]

So this is a completely different kind of trade deal that anyone's ever seen before. So the idea is the Japanese government will give $550 billion to Donald Trump to invest as the United States and Donald Trump sees that in America. So the Japanese will get back their money and 90% of the profits will go to the American citizens, the American taxpayer.So, Donald Trump, I'll give you an example. We buy all of our antibiotics, generic antibiotics in China. So Donald Trump can say, let's go build generic pharm ...

Growth & Retention - Britain needs to enhance its performance in scaling and retaining high-growth companies [1] - Businesses leaving the UK due to perceived growth limitations is a concern [1] Investment & Business Environment - Acquisition by foreign investors is acceptable, but business emigration due to growth concerns is not [1]