Donald Trump
What’s in the Senate’s version of Trump’s spending bill — and who stands to benefit
U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | Reuters After weeks of sparring over the specifics of the “one big, beautiful bill,” the package is poised to soon head to […]
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Stablecoins go mainstream: Why banks and credit card firms are issuing their own crypto tokens
A $44 billion IPO. A Senate bill with bipartisan momentum. And now, a wave of Fortune 500 firms launching crypto tokens of their own. Stablecoins — once a niche corner of the cryptocurrency world — are entering the corporate and policy mainstream, potentially reshaping how money moves in the United States and around the world. […]
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Trump shrugs off July tariff deadline: ‘We can do whatever we want’
US President Donald Trump speaks during a news conference in the Brady Briefing Room of the White House on June 27, 2025, in Washington, DC. Andrew Caballero-Reynolds | Afp | Getty Images President Donald Trump said Friday he may not stick to the deadline in early July when massive U.S. tariffs are set to snap […]
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Trump calls New York Democratic mayoral candidate Zohran Mamdani ‘a communist’
U.S. President Donald Trump speaks to the media, after the U.S. Supreme Court dealt a blow to the power of federal judges by restricting their ability to grant broad legal relief in cases as the justices acted in a legal fight over President Donald Trump’s bid to limit birthright citizenship, in the Press Briefing Room […]
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Dan Niles says investors have to ‘forget about’ valuations and names his favorite tech stocks
Investors can suspend their focus on price to earnings and other multiples as the stock market rises to all-time highs, according to Dan Niles, portfolio manager and founder of Niles Investment Management. “You kind of have to forget about valuations for now,” Niles said on CNBC’s “Squawk on the Street.” “Then we’re going to get […]
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Traders head into the second half of the year with stocks at all-time highs, jobs report pending
Next week kicks off a new trading month as well as the back half of 2025, and Wall Street will be watching to see if stocks keep up their recent momentum. Stocks have made a massive comeback after seeing steep declines in early April, when investor anxiety around President Donald Trump’s sweeping tariff policy put […]
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Trump ends all U.S. trade talks with Canada over digital services tax
U.S. President Donald Trump speaks during a meeting with Canadian Prime Minister Mark Carney at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters President Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a […]
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Equity investors showing greed, so may be time to take profits, says Bank of America’s Hartnett
Overflowing investor enthusiasm is close to triggering some reliable sell signals in the stock market, according to Bank of America chief investment strategist Michael Hartnett. Money is pouring into equities as well as their fixed income counterpart, high-yield bonds, indicating that investor willingness to shrug off geopolitical headwinds is approaching danger levels, Hartnett said in […]
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Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases […]
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Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon
Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better than feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on […]
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