
United States has imposed sanctions on Venezuela's president, Nicolas Maduro, over what it called his illegitimate election of an assembly to rewrite the constitution. All of Maduro's assets in the United States are frozen and Americans are forbidden from doing any business with him.

The United States economy gathered speed in the second quarter of the year, growing at an annualized pace of 2.6%. The pick-up was helped by consumer spending in the quarter expanding at a pace of 2.8%, and businesses stepping up spending on equipment.

President Donald Trump has named General John Kelly, who currently heads the Department of Homeland Security, as his next chief of staff. The announcement, made on Twitter on Friday afternoon, removes Reince Priebus from the role.

United States President Donald Trump named two possible candidates to run the Federal Reserve over the next few years: current Fed Chair Janet Yellen and Trump's economic adviser Gary Cohn, according to an interview with The Wall Street Journal.

The Carrier factory where a president-elect Donald J. Trump boasted of having crafted a deal to save jobs from moving to Mexico has begun laying off workers. 338 employees at the Carrier Corporation fan coil manufacturing facility in Indianapolis will be let go Friday under the previously announced plan, the company said in a statement.

United States President Donald Trump has triggered a shake-up by appointing Wall Street financier Anthony Scaramucci as his White House communications director. White House Press Secretary Sean Spicer quit, reportedly in response to the move, which was announced on 21 July. He had been partially filling the communications role since the previous incumbent Michael Dubke resigned in May.

The United States Supreme Court dealt a blow to President Donald Trump's travel ban this week, rejecting his bid to bar entry by some people with family members already in the country. The three-sentence order by the Justices — who last month let president Trump start restricting entry by people from six mostly Muslim countries — means the government must accept people with grandparents, cousins and other relatives in the U.S.

In a statement released Monday night, President Trump threatened to impose economic sanctions on Venezuela should the nation’s president, Nicolas Maduro, follow through on his pledge to create a “constituent assembly” capable of rewriting Venezuela’s constitution.

Brazil needs to make progress on inspections before any timeline can be set to end a U.S. ban on imports of fresh Brazilian beef, the U.S. agriculture secretary said on Monday. Agriculture Secretary Sonny Perdue and his Brazilian counterpart Blairo Maggi met in Washington, D.C., on Monday to discuss the ban that went into effect on June 22.

JP Morgan Chase boss Jamie Dimon condemned the state of US politics on Friday, saying political gridlock is hurting the US economy, and called Americans must get our act together or risk limiting themselves to 1.5% to 2% growth.