Senate nears vote on spending revisions
The Senate moves toward passage of Trump rescission measures to cancel about 9 billion in foreign aid and public broadcasting funding. The package targets the Corporation for Public Broadcasting and reduces humanitarian and economic aid, with GOP argues for fiscal restraint and Democrats warning of lost funding and power.
MENTIONED IN THIS ARTICLE
Senate
Washington
Donald Trump
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 as Trump hints at firing Powell
U S stocks rallied after Trump said he discussed firing Fed Chair Powell, sparking a volatile session. The S P 500 rose 0 3 percent, Dow up 231 points, Nasdaq up 0 3 percent as markets weighed Fed independence and tariff impacts. ASML warned of growth uncertainty while Johnson & Johnson and PNC reported solid results and grants optimistic outlooks.
MENTIONED IN THIS ARTICLE
New York
Donald Trump
U.S
Federal Reserve
Wall Street
Fed
Trump
Jerome Powell
Powell
ASML
Christophe Fouquet
United States
Netherlands
Johnson & Johnson
Ana
U.S. Treasury
Dow Util
DOW Trans
Nyse Comp
S&p
At&t
Wilshire
Russell
AbbVie Inc
Abbott Laboratories
Treasuries Last
Montrago Accenture PLC
Adobe
Amazon
American Express Co
Apple
Treasury Note
Amvient Corp
Bank of America
Berkshire Hatch
Chevron Corp
Cisco Systems Inc
Coca-Cola Consolidated
Prime Fed
Costco Wholesale Corp
Darden Restaurants Inc
Omoago
Diebold Nixdorf Inc
1YRAGO
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
Honeywell International
Huntington Bancshares
IBM
Intuit Inc
Intuitive Surgical Inc
Jpmorgan Chase & Co
Keycorp Linde PLC
Lockheed Martin Corp
Lowe's
Lumen Technologies Inc
Otal Asset Nav
American
Amronbala
Mastercard Inc
McDonald's Corp
Cpillncbldra
Merck & Co. Inc
Fdmillavsa
Meta Platforms Inc
Grfamrca
Microsoft Corp
Incamrca
Morgan Stanley
Invcamrca
Northrop Grumman Corp
Oracle Corp
PNC Financial Services Gr
GroCo
Palantir Technologies Inc
Pimco Incinstl
Philip Morris Internat Inc
Procter & Gamble
Schwab Sp500idx
RTX Corp
Insldxins
Salesforce Inc
T-Mobile
Tesla Inc
Texas Instruments
UnitedHealth Group Inc
Tibmidxadmil
VISA
TtInBidxing
Verizon
TimSidxAdmil
Tismidxadmil
Wells Fargo
Tismidxinv
Wendy's
Doe
SEC
The
Associated Press
Wholesale inflation cools as tariffs loom on imports
U S wholesale prices were unchanged from May and up 2.3 percent year on year, the smallest annual gain since September, while core prices held steady from May and rose 2.6 percent from June 2024. Economists noted tariff effects but said inventories and timing shielded some price increases for now.
MENTIONED IN THIS ARTICLE
Washington
U.S
Donald Trump
Labor Department
Trump
Bradley Saunders
North America
Capital Economics
Saunders
Record-low U.S. investments in China survey shows waning profits
A USCBC survey of 130 member companies between March and May finds record-low new investment plans in China amid declining profits and rising regulatory and political risk. Firms cite weak domestic demand, overcapacity, and tariff uncertainty as top concerns while many plan no new investments this year.
MENTIONED IN THIS ARTICLE
Washington
Sean Stein
U.s.-China Business Council
China
Geneva
London
USS
Kyle Sullivan
USCBC
Sullivan
Also Mentioned on This Page
Lysts
Joaquin Duato
PNC Financial Services Group
Bill Demchak
Paul Wiseman
Stellantis
Belvidere
Illinois
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