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...
Germany summoned the Chinese ambassador to the foreign ministry on Tuesday after saying China's military had laser-targeted a German aircraft taking part in an EU operation in the Red Sea, an account Beijing denied. The flare-up in tensions comes as concerns mount in the EU about Chinese influence on critical technologies and security infrastructure in Europe. "Putting German personnel at risk and disrupting the operation is completely unacceptable," said Germany's foreign ministry on social media platform X. China's foreign ministry, when asked about the accusation on Wednesday, said...
US President Donald Trump's plans to place hefty import tariffs on copper have already caused a spike in costs for American factories, with New York futures trading 25% higher than other global benchmarks on Tuesday. The fresh spike in US prices came after Trump said he planned to place a 50% tariff on copper imports, doubling down on a threat he first made in February to impose targeted levies on the crucial industrial metal. A 50% tariff would match duties he has already imposed on steel and aluminum in a bid to revive US production, but it would take a particularly heavy toll on...
President Donald Trump reiterated his displeasure with Vladimir Putin over the war in Ukraine and confirmed he's sending more defensive weapons to President Volodymyr Zelenskiy's government, sweeping aside an earlier pause by the Pentagon. "He's killing too many people so we're sending some defensive weapons to Ukraine and I've approved it," Trump told reporters at a Cabinet meeting on Tuesday. Earlier in the meeting, he said he was "not happy with Putin" because the Russian leader is "killing a lot of people." It was the second time in less than 24 hours that...
President Donald Trump said Jerome Powell should "resign immediately" if allegations from critics that the Federal Reserve chairman misled lawmakers about renovations at the central bank's headquarters are proven true. Trump repeated his criticism of the Fed chairman at a Cabinet meeting Tuesday, calling Powell "terrible," and telling reporters that deceiving Congress would be grounds for a quick exit. "Then he should resign immediately," Trump said. "We have to put somebody in there who will lower interest rates." Trump has attacked Powell over the bank's position on keeping interest...
President Donald Trump says he will not offer any extension to the new Aug. 1 deadline for imposing higher tariffs on many goods imported into the U.S. "Tariffs Will Begin Be Paid On August 1, 2025. There has been no change to this date, and there will be no change," Trump wrote on his Truth Social platform on Tuesday. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted." Trump began notifying trading partners of the new tariffs on Monday ahead of a deadline originally this week for countries to conclude trade negotiations with his...
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...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long,...