Summary Here’s a quick overview of what happened today: Markets around the world continued to reel from Donald Trump’s tariffs. The US stock market had a second day of steep declines, with all three indexes down over 5% for the …
Senate passes Pentagon spending bill The US Senate has voted 85-14 to pass the $895bn National Defense Authorization Act, legislation which ignited a debate about providing gender-affirming care to transgender children of military service members. The bill which passed in …
Republican House Speaker Mike Johnson opposes releasing ethics report on Gaetz – report Politico reports that the Republican speaker of the House, Mike Johnson, said he is against the ethics committee releasing its report into drug use and sexual misconduct …
The Democratic party has begun to pick through Kamala Harris’s loss to Donald Trump in the presidential election, with the post-pandemic headwinds, a failure to distance herself from Joe Biden and overestimating abortion access instead of the economy as an …
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next summer. “We will run an open and inclusive …
By Stefano Rebaudo and Kevin Buckland TOKYO (Reuters) -The dollar edged down on Monday but remained within striking distance of its highest level in almost two weeks, as investors’ focus moved to a U.S. jobs report due at the end …
A look at the day ahead in European and global markets from Stella Qiu It is a sea of red in Asia as AI darling Nvidia (NASDAQ:) failed to meet expectations of investors who were not satisfied with its profits, …
By Ann Saphir (Reuters) – San Francisco Federal Reserve President Mary Daly on Monday said “the time is upon us” to cut interest rates, likely starting with a quarter-percentage point reduction in borrowing costs. Asked if there is anything …
Trump rallies with RFK Jr: ‘He went after me a couple times, I didn’t like it’ Trump’s introduction to Robert F Kennedy Jr, who suspended his campaign today: I’m very pleased to welcome a man who has been an incredible …
LONDON (Reuters) -Alan Taylor, an economics professor with a focus on international economics and financial crises, has been appointed to the Bank of England’s Monetary Policy Committee, Britain’s finance ministry said on Friday. British-born Taylor is currently a professor at …