Job market remains uncertain during tariffs pause with China
In April, job openings and employment saw a slight uptick just before the Labor Bureau’s upcoming employment report, a crucial indicator for the Federal Reserve’s interest rate decisions impacting the economy. Overall employment trends seem to be in a holding pattern. Businesses are cautious, particularly as they await clarity on U.S. tariff policies tied to […]
Democrats pause their push for an impeachment vote — for now
The House will not hold a vote this week regarding the resolutions involving President Trump, which could be seen as a win for the Democratic leadership that has deemed the issue less pressing. Rep. Shri Thanedar (D-Mich.) initially introduced seven resolutions aiming to address certain privileges linked to Trump. He began moving these resolutions through […]
Jim Cramer reviews 7 successful stocks from Monday’s rally following the pause on China tariffs.
CNBC Investment Club Summary Every weekday, the CNBC Investment Club with Jim Kramer broadcasts a live “Morning Meeting” at 10:20 AM. Here’s a recap of the notable events from Monday. The stock market reacted positively to a recent agreement between the US and China that will temporarily reduce tariffs while working toward a larger trade […]
Trump plans to talk with Xi Jinping ‘possibly by the end of the week’ after the US-China trade war pause
Trump Claims “Total Reset” with China Following Trade War Suspension Trump asserts that the U.S. has achieved a “total reset” with China after what he describes as a “productive” meeting in Geneva. He explains that an agreement has been reached to decrease U.S. tariffs to 30% over the next 90 days, although this does not […]
U.S. and China Decide to Pause Most Tariff Increases
US and China Reach Agreement on Tariffs The United States and China announced on Monday that they would pause most tariffs imposed during their recent trade disputes, agreeing to a 90-day period of negotiation. This decision came after two days of high-level discussions in Geneva, where representatives from both nations gathered to address growing economic […]
House GOP spending leader: ‘I doubt we will have a pause on the debt limit’
On Sunday, House Budget Committee Chairman Tom Cole (R-Okla.) expressed skepticism about the possibility of a “debt limit suspension.” This came shortly after Treasury Secretary Scott Bescent urged Congress to raise the debt ceiling by mid-summer. “I don’t think there’s any chance for a debt limit suspension because Republicans prefer to keep revisiting this topic,” […]
Amtrak postpones East River Tunnel repairs by two weeks after MTA issues, coinciding with Adams’ appeal to the federal government to pause.
It’s hit a snag. Amtrak has decided to delay the start of the East River Tunnel closure by two weeks, a decision that comes after concerns from Mayor Eric Adams, Governor Kathy Hochul, and others about the impact on commuting for millions. The rehabilitation project for the East River Tunnel is now slated to start […]
Media reacts with sorrow as the student loan pause concludes.
After a five-year hiatus, the federal student loan repayments began again on May 5th, and many in the media have labeled this change as unfortunate for those with loans. U.S. Secretary of Education Linda McMahon emphasized that taxpayers shouldn’t be held accountable for poor student loan policies. She remarked that the Biden administration had made […]
GBP/USD holds steady above the mid-1.3200s as traders pause before the Bank of England meeting this week – FXStreet
GBP/USD is finding it tough to make significant progress as a new week begins. Rising expectations for aggressive Fed rate cuts are bolstering the dollar, affecting the pairing. GBP bulls seem hesitant ahead of Thursday’s Bank of England (BOE) policy meeting. The GBP/USD pair opens the week on a cautious note, trading within a narrow […]
Trump expresses willingness to extend the pause on the TikTok ban once more.
In a recent interview, President Trump indicated that he might extend the ban on TikTok if the app’s parent company fails to sell its interests in social media platforms by the upcoming deadline. “Let’s discuss Professor TikTok. If no deals are in place, will we push that deadline? You’re already—you’re already,” he remarked. Trump then […]