US President Donald Trump announced tariff cuts on fentanyl-related products from China, reducing them from 20% to 10%. This decision is part of an agreement reached at a summit in South Korea last October. This move aims to ease trade tensions between the world's two largest economies. Trump also announced a freeze on reciprocal tariffs imposed on Chinese goods. This freeze will remain in effect, providing some relief to companies engaged in international trade with China. This policy is expected to help ease trade tensions that have persisted for the past few years. This tariff cut will...
Wednesday, October 8, 2025 President Donald Trump said he was open to compromise on Affordable Care Act (ACA) subsidies to end the government shutdown. Democrats agreed to the talks, but conservatives immediately rejected them. Essentially, Democrats want subsidies extended to prevent premiums from soaring; some Republicans say the expanded subsidies during COVID are too expensive and prone to abuse. In the Senate, several compromise options are being floated: allowing existing recipients to continue receiving subsidies (grandfathering), limiting the age limit (e.g., to 60–64 years old), or...
Israeli tanks, ships, and jets pounded parts of Gaza on Tuesday (October 7), offering no respite to Palestinians on the anniversary of the Hamas offensive that led to the two-year war and underscoring the challenges in negotiations over Donald Trump's plan to end the conflict. Israel continued its attacks, local residents said, after Hamas and Israel began indirect negotiations on Monday in the Egyptian resort of Sharm el-Sheikh on sensitive issues such as the withdrawal of Israeli troops from Gaza and Hamas' disarmament. The talks over the US president's plan are widely seen as the most...
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...
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 as the disarmament of Palestinian militant groups under Donald Trump's plan. Israeli negotiators were also scheduled to travel to the Egyptian Red Sea resort of Sharm el-Sheikh later in the day to discuss the hostages' release, part of the US president's 20-point blueprint for ending the two-year conflict. The Israeli delegation includes officials from the Mossad and Shin Bet intelligence...
If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside the government data suggest the labor market just plodded along in September. The Dow Jones consensus forecast was for growth of 51,000 in nonfarm payrolls with the unemployment rate holding steady at 4.3%. High-frequency data that includes job postings, private payrolls and state-by-state figures...
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...
US President Donald Trump announced tariff cuts on fentanyl-related products from China, reducing them from 20% to 10%. This decision is part of an agreement reached at a summit in South Korea last...