Trump floats China trade deal amid possible tariff shift
President Trump said he would be "very nice" to China in talks and that tariffs could drop if a deal is reached while markets wobble. He signaled flexibility on negotiations with Xi Jinping as U.S. stocks and bonds waver, and White House officials discuss a tiered tariff plan potentially easing duties over five years. China urged talks, saying no winners in trade wars.
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IRS Turmoil Spurs Turnover Amid Tax Season Strain
The IRS faces rapid leadership changes with three acting commissioners in a week and looming layoffs and retirements as Trump weighs which nonprofits stay tax exempt. Taxpayers brace for service delays as 117 million returns flow in and 228.7 billion in refunds go out.
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Stocks rally as Trump eases tone on Fed and tariffs
U S stocks rose with the S&P 500 up 1.7 percent and the Dow adding 419 points as investors welcomed signals of a softer stance on the Federal Reserve and tariffs. The Nasdaq gained 2.5 percent while European and Asian markets also climbed amid uncertainty over policy. Trump said he has no intention to fire Fed chair Jerome Powell and signaled possible tariff reductions, easing market fears of aggressive rate cuts or prolonged trade conflict.
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Tariff Uncertainty Shapes Big Company Results
Companies weigh tariffs and a volatile trade war as they post quarterly results and offer forecasts. Tesla faces import taxes on materials though most U.S. cars are made domestically, while Akzo Nobel warns demand risk from tariff shifts with most U.S. production local and materials sourced locally.
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The Market in Review Stock Market Indexes Dow
The Market in Review highlights the Dow Jones performance in today’s trading session with notable movements in major indexes. Investors monitor gains and losses across sectors as market breadth shows varied strength.
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