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 […]
Category: Politics
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 […]
Trump nominee Ingrassia withdraws after racist text messages sink support among Republican senators
President Trump’s nominee to lead the Office of Special Counsel withdrew from consideration Tuesday night, October 21, after acknowledging he lacked sufficient Republican support following revelations about racist text messages in which he described himself as having “a Nazi streak” and called for the Martin Luther King Jr. holiday to be “tossed into the seventh […]
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 […]
Trump rejects compromise on healthcare as Senate moderates pursue shadow negotiations to end three-week shutdown
President Donald Trump made clear Sunday, October 19, 2025, that he is unlikely to compromise with Senate Democrats’ shutdown demands for an extension of Affordable Care Act tax credits, complicating bipartisan efforts by rank-and-file senators to negotiate an end to the budget crisis entering its 19th day. Trump’s hardline position came as a small group […]
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 […]
