US stocks climbed sharply on Monday, with the S&P 500 up 1.3%, the Nasdaq surging 1.6%, and the Dow Jones rising more than 450 points, rebounding from Friday's steep losses that marked the S&P's biggest one-day drop since April. Traders appeared to shake off renewed tensions in the US–China trade dispute after Washington threatened higher tariffs in response to Beijing's rare earth export controls. Over the weekend however, President Trump struck a softer tone, saying the "China situation will all be fine". In addition, a multi-year partnership to develop custom chips between OpenAI...
US President Donald Trump, in his speech on Monday night (August 11th), expressed his determination to "liberate" Washington, D.C., from crime, violence, and social problems that he said had been neglected for too long. Trump said he would deploy federal troops to restore security and order to the capital, while ensuring the city is once again safe and orderly for its citizens. In his speech, Trump also highlighted the growing problem of homelessness in the downtown area. He plans to relocate the homeless to alternative housing outside the core area of Washington, D.C., citing cleanliness,...
U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY WAR." According to Trump's post, the ceasefire will begin approximately six hours after his announcement, when both nations have "wound down and completed their in progress, final missions." The agreement stipulates a 12-hour initial ceasefire period initiated by Iran, followed by Israel joining the ceasefire at the 12th hour. Trump stated that upon the 24th hour, there will be an "Official END" to the...
U.S. President Donald Trump on Monday said Iran gave the United States notice prior to shooting missiles at its military base in Qatar, which he said made it possible for no lives to be lost. "I am pleased to report that NO Americans were harmed, and hardly any damage was done. Most importantly, they've gotten it all out of their 'system,' and there will, hopefully, be no further HATE," Trump wrote in a post on Truth Social. "Perhaps Iran can now proceed to Peace and Harmony (JO:HARJ) in the Region, and I will enthusiastically encourage Israel to do the same," Trump added Iranian leader...
US President Donald Trump said on Tuesday, "the European Union (EU) is not yet offering a fair deal." Additional quotes US Treasuey Secretary Scott Bessent stayed at G7. Chance of Japan deal, but they're "tough". Reiterate threat to send letters with what tariffs he'll charge. Pharma tariffs coming very soon. Might do separate Canada deal for Golden Dome. Canada will pay to join Golden Dome project. Will probably extend TikTok deadline again. Not too much in mood to negotiate with Iran. Market reaction Trump's comments fail to move the needle around the US Dollar against its major...