The White House is tightening its pressure on Democratic lawmakers as the U.S. government shutdown enters its second week, saying it will give them another chance to agree on a spending bill before beginning mass layoffs of federal employees. With the Senate scheduled to vote Monday night for the fifth time on a stopgap bill to keep the government operating until November 21, Kevin Hassett, President Donald Trump's top economic adviser, argued that it's time for Democrats to be "reasonable." Trump has said he will use the government shutdown to lay off thousands more federal employees, who...
US stocks closed sharply lower on Monday (4/21) after President Trump stepped up his criticism of Fed Chairman Jerome Powell, raising concerns about the central bank's independence and shaking investor confidence. The selloff was swift and widespread, with the S&P 500 and Nasdaq down 2.4% and 2.5%, respectively. The Dow dropped 971 points, while tech giants led the decline—Tesla dropped 6%, Nvidia dropped 4.5% and Amazon dropped 3.1%. All 11 sectors ended in the red, with tech, consumer staples and energy stocks the hardest hit. In a Truth Social post, Trump called Powell "Mr. Too Late,...
Stocks fell again on Monday following yet another negative trading week for Wall Street, as investors receive little signs of progress on global trade talks. The Dow Jones Industrial Average traded 366 points lower, or 0.9%. The S&P 500 shed 1.1%, and the Nasdaq Composite lost 1.4%. The moves come after each of the three major averages logged a third weekly decline in the last four trading weeks. While the S&P 500 closed out Thursday's session higher, the broad market index still finished the holiday-shortened week 1.5% lower. The Dow Jones Industrial Average and Nasdaq Composite...
Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.30%. The best performers of the session on the Nikkei 225 were Oji Holdings Corp. (TYO:3861), which rose 6.68% or 41.30 points to trade at 659.60 at the close. Meanwhile, Sumitomo Osaka Cement Co., Ltd. (TYO:5232) added 3.52% or 133.00 points to end at 3,913.00 and Nichirei Corp. (TYO:2871) was up 3.04% or 58.00 points to 1,969.00 in late trade. The worst performers of the session were Sumitomo...
Asia-Pacific markets traded mixed Monday as China's central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Mainland China's CSI 300 rose 0.18% after the People's Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters. Japan's benchmark Nikkei 225 fell 1.24%, while the broader Topix index declined 1.18%. In South Korea, the Kospi index was flat while the small-cap Kosdaq moved down 0.27% in choppy...
The Nikkei 225 fell 0.7% to around 34,500, while the broader Topix Index declined 0.5% to 2,545 on Monday, ending a two-day winning streak as investors turned cautious ahead of updates on US-Japan trade talks. In the latest development, Japan is reportedly considering increasing soybean and rice imports as a concession to the US. Last week, American negotiators raised concerns over barriers in Japan's automotive and rice markets, while also pressing Tokyo to expand imports of meat, fish products, and potatoes. With no major domestic economic data or earnings releases scheduled for Monday,...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the release of hostages, despite contentious issues such...