Wall Street surged to fresh record highs Monday, October 27, as investors celebrated news that Chinese and U.S. trade negotiators have reached a substantial framework ahead of Thursday’s summit between President Trump and Chinese President Xi Jinping in South Korea. The S&P 500 climbed 1.2% as Chinese and US trade negotiators have lined up an […]
Category: Economy
Trump embarks on high-stakes Asia trip as government shutdown enters day 25, threatens 10% tariff hike on Canada after terminating trade talks
President Donald Trump departed for Asia on Saturday for his first major diplomatic mission of his second term as the government shutdown entered its 25th day with no resolution in sight to the budget crisis that has left hundreds of thousands of federal workers without paychecks. Trump is heading to the Kuala Lumpur Convention Center […]
Dow smashes through 47,000 for first time as cooler inflation data sparks relief rally, energy stocks surge on Russian sanctions
Wall Street roared higher Friday, October 24, as better-than-expected inflation data reinforced investor confidence that the Federal Reserve will continue cutting interest rates while corporate earnings remained robust enough to justify elevated valuations. The Dow gained 473 points or 1.01% and closed at 47,207.12, closing above 47,000 for the first time ever, capping a week […]
Shutdown enters day 23 as Democrats signal openness to bipartisan worker pay deal while SNAP benefits face November collapse
The government shutdown entered its 23rd day Thursday, October 23, 2025, with House Minority Leader Hakeem Jeffries expressing cautious openness to a potential bipartisan Senate bill to pay federal workers even as Democrats maintained their core demands for Affordable Care Act subsidy extensions. Jeffries said House Democrats will consider in good faith anything bipartisan that […]
Markets whipsaw on China export fears as Trump’s mixed signals create investor confusion, gold tumbles 5% in steepest drop since 2020
Wall Street experienced violent swings Wednesday, October 22, as renewed concerns about U.S.-China trade relations combined with gold’s steepest single-day decline in five years to create a challenging environment for investors navigating conflicting signals from the Trump administration. The Dow Jones Industrial Average fell 334.33 points or 0.71% to close at 46,590.41, while the S&P […]
Senate staffers lose paychecks as shutdown enters day 20 with Democrats rejecting Republican plan to pay essential workers
The government shutdown entered its 20th day on Monday, October 20, 2025, as Senate Majority Leader John Thune announced plans to vote on legislation that would pay federal workers deemed essential while negotiations over healthcare subsidies continue to stall. The move drew immediate opposition from House Minority Leader Hakeem Jeffries, who characterized the proposal as […]
Historic ‘No Kings’ protests flood American cities as shutdown enters day 18 with furloughed federal workers leading demonstrations
Millions of demonstrators flooded streets across all 50 states Saturday in what organizers called an unprecedented national mobilization against President Trump’s policies, with furloughed federal workers joining progressive activists in the largest coordinated protest movement since the administration’s return to power. The nationwide rallies came on the 18th day of the government shutdown as Democrats […]
Speaker Johnson warns of historic shutdown as Trump administration restructures Education Department with 466 layoffs
House Speaker Mike Johnson issued a stark warning Monday, October 13, that the United States is rapidly approaching one of the longest government shutdowns in American history unless Senate Democrats abandon their partisan demands and pass the Republican clean funding bill that would immediately reopen the government and restore federal workers’ paychecks. Johnson told reporters […]
Stock market braces for Monday rebound after Trump calms trade war fears with reassuring weekend message
Wall Street prepared for a potential recovery rally on Sunday, October 12, as investors digested President Donald Trump’s conciliatory remarks about trade relations with China following Friday’s devastating selloff that wiped nearly one and a half trillion dollars from American stock values in a single trading session. Trump posted on Truth Social urging investors not […]
Trump finds Pentagon funds to ensure military pay as shutdown enters second week, orders layoffs of more than four thousand federal workers
President Donald Trump announced Saturday, October 11, 2025, that he has identified funds to pay active duty military members next week despite the ongoing government shutdown, fulfilling a promise he made to service members gathered at Naval Station Norfolk days earlier. Trump posted on Truth Social that he would direct Secretary of War Pete Hegseth […]
