Wall Street retreated from record highs Thursday, October 30, as Federal Reserve Chair Jerome Powell cast doubt on additional rate cuts while massive AI spending by technology giants spooked investors worried that artificial intelligence investments may never generate adequate returns. The S&P 500 dipped 0.99% to finish the day at 6,822.34, while the Nasdaq Composite […]
Category: Business
Trump and Xi prepare for historic summit as breakthrough trade framework promises tariff relief and rare earth cooperation
President Donald Trump expressed confidence Tuesday, October 29, 2025, that his upcoming meeting with Chinese President Xi Jinping in South Korea would produce a comprehensive trade deal as both nations projected optimism following weekend negotiations in Malaysia that established a framework for ending months of escalating tensions. Trump expressed hope for a grand deal between […]
Tech megacaps drive indexes to fresh records as Microsoft secures $135B OpenAI stake, S&P 500 breaks through 6,800 barrier
Wall Street powered to new all-time highs Monday, October 28, as technology giants continued their relentless march higher on artificial intelligence optimism while the broader market took a breather following its recent torrid rally. The Dow Jones Industrial Average advanced 0.7% or 337.47 points to close at 47,544.59, marking a new record close, while the […]
Trump declares breakthrough as Treasury Secretary Bessent confirms 100% China tariffs ‘off the table’ ahead of Thursday Xi summit
President Donald Trump expressed confidence, Monday, that his upcoming meeting with Chinese President Xi Jinping will produce a comprehensive trade deal as Treasury Secretary Scott Bessent told reporters that Trump’s threatened 100% tariff increase on Chinese goods is effectively off the table. Speaking aboard Air Force One en route to Japan from Malaysia, Trump added […]
Stocks hit all-time highs as Trump-Xi trade deal optimism sends S&P 500 up 1.2%, Bitcoin rallies on risk-on sentiment
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 […]
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 […]
