Stocks drift as U S credit falls
U S stocks bonds and the dollar drift after Moody's downgrades the U S government from top rating. The S P 500 edges up 0.1 percent and the Dow gains 137 points as yields rise briefly before cooling. Moody's downgrade flags rising borrowing costs and Washington debt pressures amid looming tax and debt-ceiling debates.
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New York
U.S
Moody’s
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Standard & Poor's
Brian Rehling
Global Fixed Income Strategy
Wells Fargo Investment Institute
Treasury
Record 45 Million to Travel Over Memorial Day Weekend
Americans plan record Memorial Day getaways with over 45 million travelers, 87 percent driving, 39 million on road trips. Fuel costs ease slightly, air travel faces uncertainty amid industry concerns and security tensions.
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Diaz
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Trump
House GOP presses on Trump tax bill amid spending gaps
House conservatives demand faster Medicaid work requirements and greener energy cuts as Speaker Johnson shores up a fragile 1,116 page package. Republicans pressed the sprawling measure through in a weekend vote amid threats of more negotiations before a Memorial Day deadline.
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House
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White House
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GOP
Mehmet Oz
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Tariffs not hurting much so far in U S economy
The piece notes inflation eased and hiring remained solid in April despite heavy Trump tariffs. Economists warn future inflation remains uncertain while costs rise for consumers. Estimates show higher prices, lower real purchasing power by about 2800 dollars, and a small drag on growth with unemployment edging up.
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Ernie Tedeschi
Yale University
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America
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Jpmorgan Chase
Yale Budget Lab
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