President Donald Trump has announced plans to build his ambitious Golden Dome missile defense shield to protect the United States from foreign attacks before the end of his current term.
"We'll have it done in three years. Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world," Trump told reporters as he unveiled the plan for next-generation missile defense system at the White House.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.