U.S. Treasury Secretary Scott Bessent said in a speech Tuesday that the ongoing tariff dispute with China can’t continue and he expects things to calm down between the two countries. However, in a private talk in Washington for JPMorgan Chase, Bessent warned that official talks between the U.S. and China haven’t started yet. President Donald…
Author: Madison Thompson
Madison Thompson is a relentless investigator driven by one core belief: the truth matters. With a specialty in long-form investigative journalism, she’s exposed corruption, challenged corporate wrongdoing, and uncovered the stories institutions would rather keep buried.
Spain to hit NATO’s 2% defense spending target this year, says Prime Minister
Spain will reach NATO’s defense spending goal this year, Prime Minister Pedro Sánchez said on Tuesday, as pressure increases on the eurozone’s fourth-largest economy to spend more on its military. Sánchez said the government will increase defense spending by 10.5 billion euros (about $12 billion) to meet NATO’s goal of spending 2% of the country’s…
Trump intensifies criticism of Fed Chair Powell as Dow Jones drops 1,000 points
On Monday, President Donald Trump continued his criticism of Federal Reserve Chair Jerome Powell, demanding that the central bank lower its key interest rate to boost the economy. Trump called Powell “a major loser” and claimed that energy and grocery prices are “substantially lower,” stating there is “virtually No Inflation.” However, he warned that without…
Supreme Court temporarily halts deportations under 1700s wartime law
The Supreme Court on Saturday temporarily stopped the deportation of Venezuelans being held in northern Texas under an old wartime law from the 1700s. In a short statement, the court told the Trump administration not to deport any Venezuelans from the Bluebonnet Detention Center “until further order of this court.” Justices Clarence Thomas and Samuel…
US stocks mostly gain, but UnitedHealth’s biggest drop in years holds Wall Street back
Most U.S. stocks went up on Thursday, but UnitedHealth Group experienced its worst drop in 25 years, which held Wall Street back. The S&P 500 gained just 0.1%, despite three out of four stocks in the index rising. The Nasdaq composite fell by 0.1%, showing more stability after a significant drop the previous day. The…
Most US stocks climb, but UnitedHealth’s steep plunge limits Wall Street’s gains
Most U.S. stocks went up on Thursday, but a major drop in UnitedHealth Group’s shares held Wall Street back. The S&P 500 rose just 0.1%, even though about 75% of stocks in the index gained. The Nasdaq composite dipped 0.1%, showing more stability after a sharp fall the day before. The Dow Jones Industrial Average…
US stocks fall as Nvidia tumbles and trade war uncertainty deepens
U.S. stocks dropped on Wednesday after Nvidia said that new export limits to China will cut billions from its earnings, while companies worldwide said President Donald Trump’s trade war is making it harder to predict their performance and the economy’s direction this year. The S&P 500 fell 2.2%, after earlier dropping as much as 3.3%,…
Wall Street sees a rare calm day after weeks of tariff-driven volatility
U.S. stocks moved slightly on Tuesday during a rare calm day in the markets. The S&P 500 slipped 0.2%, the Dow Jones Industrial Average dropped by 155 points, or 0.4%, and the Nasdaq composite fell by less than 0.1%. These small changes gave investors a break after recent wild shifts in the market, not just…
Global stocks climb as Trump temporarily relaxes tariffs on electronics
Stocks went up around the world on Monday after President Donald Trump decided to temporarily ease some of his tariffs, and worries in the U.S. bond market started to calm down. The S&P 500 increased by 0.8%, although trading stayed unstable and at one point, the index lost all of its earlier 1.8% gain. The…
Trump’s commerce secretary states that electronics tariff exemptions are temporary, with new chip tariffs expected soon
On Friday, the U.S. announced tariff exemptions for electronics like smartphones and laptops, but this is only temporary until a new tariff strategy for the semiconductor industry is decided, according to U.S. Commerce Secretary Howard Lutnick on Sunday. White House officials, including President Donald Trump, downplayed the significance of the exemptions, which reduce but do…