S&P 500 ends flat despite tech gains as Trump’s trade policies hit U.S. economy
The S&P 500 barely budged Wednesday as weak job and service sector data revealed the economic fallout from President Trump’s trade war tactics.
The S&P 500 barely budged Wednesday as weak job and service sector data revealed the economic fallout from President Trump’s trade war tactics.
German Chancellor Friedrich Merz met with U.S. President Donald Trump in Washington for high-stakes talks on defense spending, trade tariffs, and the Ukraine war. While no major breakthroughs were announced, both sides signaled a willingness to cooperate.
Wall Street closed mostly flat on Thursday as investors weighed renewed trade dialogue between U.S. President Donald Trump and Chinese President Xi Jinping against a batch of disappointing economic data, just ahead of a closely watched U.S. jobs report due Friday.
After Ukrainian drone strikes on Russia's nuclear-capable bombers, Trump and Putin held a tense phone call warning of escalation and reigniting concerns over Iran’s nuclear ambitions.
The Congressional Budget Office says Trump’s tax-slash megabill will balloon the federal deficit by $2.4 trillion over 10 years—and leave nearly 11 million more Americans without health insurance, largely due to cuts in Medicaid and tighter eligibility rules.
European leaders are on high alert, preparing for critical talks with Donald Trump over Ukraine, NATO, and trade.
The U.S. raised tariffs on imported steel and aluminum from 25% to 50% under President Trump’s order, urging trade partners to submit proposals to avoid additional tariffs set for early July.
Donald Trump acknowledged his personal liking for Chinese President Xi Jinping but described him as a tough negotiator, amid ongoing disputes over tariffs and trade agreements between the U.S. and China.
Following his swift election, President Lee Jae-myung is expected to take a cautious approach to U.S. trade negotiations, using the transition period to reassess his strategy while monitoring the moves of China and Japan.
Elon Musk has launched a scathing attack on President Donald Trump’s flagship tax and spending legislation, criticizing it as a “disgusting abomination” and warning it could harm Tesla’s business.
The White House confirmed that the U.S. has sent letters to trade partners, urging them to present their final trade offers before a Wednesday deadline, as Washington pushes ahead with negotiations to avoid higher tariffs.
China has rejected accusations made by the defense chiefs of the US, Japan, Australia and the Philippines, who last week raised concerns over Beijing’s actions in the East and South China Seas.
President Donald Trump is "likely" to speak with Chinese President Xi Jinping this week, according to a statement from the White House.
U.S. President Donald Trump has asked Japan to partner in developing his proposed $175 billion Golden Dome missile defense system. The move could influence ongoing tariff negotiations between the two nations.
The U.S. Senate may soon take a significant step against Russia, as lawmakers consider a bipartisan sanctions bill aimed at increasing pressure over the war in Ukraine. The legislation could also target countries like China and India that continue trading with Moscow.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
A federal judge ruled that Homeland Security Secretary Kristi Noem likely exceeded her authority by revoking documents granted under the Temporary Protected Status program—offering relief to thousands of Venezuelans facing potential deportation.
Since taking office in January, Trump's sweeping tariff decisions, ranging from steel to smartphones have shaken markets, sparked global tensions, and triggered legal battles, with major duties hitting China, the EU, and even U.S. allies.
Australia is considering a formal dispute at the World Trade Organization over President Donald Trump's plan to double steel and aluminum tariffs, as Canberra warns of economic harm and prepares for upcoming talks.
China rejected U.S. President Donald Trump's accusations of breaching a recent trade agreement, labeling them as "groundless" and warning it will respond decisively to protect its economic interests.
U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
German Chancellor Friedrich Merz will travel to Washington next week to meet U.S. President Donald Trump.
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