U.S. Economy
How big European Union tariff could backfire on Trump, according to trade, freight experts
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images President Trump’s social media tariffs threats against Apple and the European Union reflect a worrying issue for the markets and economy, according to trade […]
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Trump tax bill faces fresh hurdles, with holdouts invited to White House last-minute
WASHINGTON — House Republican leaders faced a last-minute revolt Wednesday by members of the party’s hardline conservative faction, who opposed their latest attempt to win support from moderate members of the conference for President Donald Trump’s “big, beautiful” tax bill. As a pivotal meeting of the House Rules Committee entered its twelfth hour after starting […]
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Trump unveils plans for ‘Golden Dome’ missile defense system
U.S. President Donald Trump makes an announcement regarding the Golden Dome missile defense shield next to U.S. Defense Secretary Pete Hegseth in the Oval Office of the White House in Washington, D.C., U.S., May 20, 2025. Kevin Lamarque | Reuters President Donald Trump rolled out plans for a multibillion dollar ‘Golden Dome’ missile defense shield […]
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Noem says Trump can deport who he wants, botches what ‘habeas corpus’ means
Secretary of Homeland Security Kristi Noem testifies during a House Committee on Homeland Security budgetary hearing in Washington, DC on May 14, 2025. Nathan Posner | Anadolu | Getty Images Homeland Security Secretary Kristi Noem said Tuesday that President Donald Trump has an absolute right to deport people without due process, after she incorrectly defined the meaning of the […]
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30-year Treasury passes 5% after Moody’s downgrades U.S. credit rating
U.S. Treasury yields spiked on Monday after Moody’s downgraded the U.S.’ credit rating, citing fiscal concerns. At 4:46 a.m. ET, the 30-year Treasury yield was up over 10 basis points to 5.021%. The 10-year yield also rose 10 basis points to reach 4.542%. Meanwhile, the 2-year Treasury yield was up over 2 basis points, reaching 4%. One basis point […]
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Consumer sentiment slides to second lowest on record as inflation expectations jump after tariffs
A woman walks in an aisle of a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | Afp | Getty Images U.S. consumers are becoming increasingly worried that tariffs will lead to higher inflation, according to a University of Michigan survey released Friday. The index of consumer sentiment dropped to 50.8, down […]
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Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary
Fast Money Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary Published Thu, May 15 20257:47 PM EDTUpdated 37 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source
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China keeps hold on rare earth metals after lifting some U.S. export curbs
U.S. Secretary of the Treasury Scott Bessent shakes hands with Chinese Vice Premier He Lifeng during the bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 11, 2025. Keystone/eda/martial Trezzini | Via Reuters China has temporarily paused export restrictions targeting 28 American companies on the heels of the trade truce Beijing reached […]
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Chuck Schumer pauses Trump Justice Department nominees over Qatari jet
Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference with other members of Senate Democratic leadership following a policy luncheon at the U.S. Capitol in Washington, DC May 6, 2025. Nathan Posner | Anadolu | Getty Images Senate Minority Leader Chuck Schumer announced Tuesday that he is putting a hold on Department of […]
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U.S.-China trade war pushed global supply chain near breaking point, new data shows
A general view shows container terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The trade truce reached between the U.S. and China arrived just as President Donald Trump’s tariffs took a big bite out of North American & Asian manufacturing, with a steep retreat in April purchasing activity after the rush […]
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