Senate debate nears vote on Trump rescission plan
The Senate moves toward passing a rescission package sought by President Trump to cancel about 9 billion dollars in foreign aid and Corporation for Public Broadcasting funding. Democrats warn the measure would cede spending power to the White House and harm local news and public radio.
MENTIONED IN THIS ARTICLE
Washington
Donald Trump
Senate
Congress
Trump
Corporation For Public Broadcasting
U.S
Congressional Budget Office
John Thune
R-S.d
Thune
White House
National Public Radio
Public Broadcasting Service
Mike Rounds
Department of the Interior
Market swings ease after Trump hints on Fed firing
President Trump triggered a volatile session by saying he discussed ousting Fed Chair Jerome Powell. The S&P 500 rose 0.3 percent, the Dow gained 231.49 points, and the Nasdaq gained 52.69 as traders weighed potential rate moves and tariff impacts.
MENTIONED IN THIS ARTICLE
New York
Donald Trump
U.S
Federal Reserve
Wall Street
Fed
Trump
Jerome Powell
Powell
U.S. Treasury
DOW Trans
DOW Util
Nyse Comp
S&p
Wilshire
Russell
Treasuries
Montrago
Nat'l
Prime Fed
Wholesale inflation cools amid tariff fears in US
The Labor Department reports the producer price index was flat from May and core PPI also unchanged, signaling cooling wholesale inflation. Year over year, June prices rose 2.3 percent, the smallest since September, while consumer prices jumped 2.7 percent from June 2024 amid tariff pressures.
MENTIONED IN THIS ARTICLE
Labor Department
Record-low U S investments in China hit new low
A survey of 130 American companies in China shows record-low plans for new investments this year and rising profit concerns amid U S China tensions and tariffs. Weak domestic demand and overcapacity erode profitability, with more than half reporting no new investment plans this year, a record high.
MENTIONED IN THIS ARTICLE
Trump
ASML
Christophe Fouquet
United States
Netherlands
U.S
Washington
Sean Stein
U.s.-China Business Council
China
Kyle Sullivan
USCBC
Sullivan
Also Mentioned on This Page
Johnson & Johnson
Ana
Lysts
Joaquin Duato
PNC Financial Services Group
Bill Demchak
Uss
Bradley Saunders
North America
Capital Economics
May
Stellantis
Belvidere
Illinois
The
Associated Press
the Market In Review
Asml Holding N.V
At&t
AbbVie Inc
Abbott Laboratories
Accenture PLC
Adobe
Amazon
American Express Co
Apple
Avient Corp. Bank of America
Berkshire Hatch B
Caterpillar Chevron Corp
Cisco Systems Inc
Coca-Cola Consolidated II
Costco Wholesale Corp
Darden Restaurants Inc
Diebold Nixdorf Inc
Dine Brands Global Inc
Disney
Eli Lilly and Company
Emerson Electric Co
Exxon Mobil
Fifth Third Bancorp
FirstEnergy Corp
Ford Motor Co
GE Aerospace
Goldman Sachs
Home Depot
Honeywell International
Huntington Bancshares
IBM
Intuit Inc
Intuitive Surgical Inc
Jpmorgan Chase & Co
Keycorp
Linde PLC
Lockheed Martin Corp
Lowe's
Lumen Technologies Inc
Mastercard Inc
McDonald's Corp
Merck & Co. Inc
Meta Platforms Inc
Microsoft Corp
Morgan Stanley
Nnsource Inc
Nvidia Corp
Netflix Inc
Nordson Corp. Northrop Grumman Corp
Oracle Corp
PNC Financial Services Gr
Palantir Technologies Inc
Parker-Hannifin Corp
PepsiCo
Philip Morris Internat. Inc
Procter & Gamble
Qualcomm Inc
RPM International Inc
RTX Corp
Royal Bank of Canada Salesforce Inc
Sherwin-Williams
Six Flags Entertainment C
Smucker
T-Mobile
Tesla Inc
Texas Instruments
UPS
UnitedHealth Group Inc
VISA
Verizon
Walmart
Wells Fargo
Wendy's
DOW
Dow Jones Industrials
Nyse Nasd
Treasury Note
OTAL
Amrcenbala
Grfamrca
Incamrca
Invcamrca Nwprspetra
Wamiinvia
Dodge & Cox Incl
Stkl
Pimco Inclinstl
Schwab
Vanguard
EqlincAdmrl
Doe
SEC
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