US president addresses WEF Links high inflation to oil price Trump ‘surprised’ prices still high Oil prices were down on Friday after US President Donald Trump drew a direct link between persistently high inflation and global oil prices during video remarks before the World Economic Forum in Davos,

President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.

Saudi Arabia aims to diversify its economy as part of the country’s long-term economic transformation plan, Finance Minister Mohammed Al-Jadaan tells Bloomberg at the World Economic Forum in Davos, Switzerland.

Italy and Saudi Arabia have signed an agreement to boost energy cooperation, including for the possible supply to Europe of Saudi-made hydrogen, Italy's energy and environment minister Gilberto Pichetto Fratin said on Tuesday.

President Donald Trump took his America First economic platform to the international community Thursday, promoting tax cuts, oil extraction, and tariffs at the World Economic Forum at Davos.

U.S. stocks are poised to pull back slightly from record highs as caution prevails following President Trump's remarks on tariffs and trade. The dollar faces its largest weekly drop in two months, amid investor confidence in potential Federal Reserve rate cuts.

Ultimately, global markets will determine medium- and long-term interest rates and oil prices. The caveat for Trump is that politicians who try to circumvent markets eventually lose. The price discovery mechanism, unlike politicians and bureaucrats, can’t be suppressed, bought off or rendered inert for long.

Investing.com – US stock index futures edged lower Friday, consolidating after the benchmark S&P 500 index notched a record closing high, as investors digested more corporate earnings and economic activity data.

US President Donald Trump has said he will demand the country's central bank to lower interest rates when crude oil prices come down.

Stargate, the joint venture by OpenAI, SoftBank and Oracle to develop data centers for artificial intelligence in the U.S., will exclusively serve ChatGPT maker OpenAI, the Financial Times reported on Thursday.

The S&P 500 ( ^GSPC) jumped over 0.5% to secure its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, while the Nasdaq Composite ( ^IXIC) recovered from earlier session losses to finish the day up about 0.2%.

Addressing the World Economic Forum in Davos, the US president (pictured) said borrowing costs in America and around the world 'should be dropping'.