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US Secretary of Defense Pete Hegseth holds a bilateral meeting with NATO Secretary General Mark Rutte (2nd L) at the Pentagon in Washington, DC, April 24, 2025. Brendan Smialowski | AFP | Getty Images Fireworks could kick off during NATO’s annual summit this week, as the U.S. pushes its allies to sharply increase their defense…
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan…
A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia. Sha Hanting | China News Service | Getty Images Moody’s decision to downgrade the U.S. credit rating may have consequences for your money, experts say. The debt downgrade put immediate pressure on bond prices, sending yields higher on Monday morning. The 30-year…
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas. Brandon Bell | Getty Images At car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers have also replaced iPhones early. Yet when…
US President Donald Trump speaks with reporters outside the White House in Washington, DC, on April 23, 2025. Saul Loeb | Afp | Getty Images Americans’ confidence in President Donald Trump’s ability to manage the U.S. economy has plummeted since he regained the White House, new polls reveal. Just 37% of Americans approve of Trump’s…
US President Donald Trump, alongside Secretary of State Marco Rubio (L) and Secretary of Defense Pete Hegseth (R), speaks during a cabinet meeting in the Cabinet Room of the White House on April 10, 2025, in Washington, DC. Brendan Smialowski | Afp | Getty Images The bond market screamed at President Donald Trump this week…
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California. George Rose | Getty Images Mortgage rates are rising sharply this week, as investors sell U.S. Treasury bonds at a swift pace. Mortgage rates follow loosely the yield on the 10-year Treasury. Some speculate…
DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump’s 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive. The automotive data and advisory firm expects the levies to add thousands of dollars to the costs of new…
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Craig Hudson | Evelyn Hockstein | Reuters Now that President Donald Trump has set out his landmark tariff plans, the Federal Reserve finds itself in a potential policy box, having to choose between fighting inflation, boosting growth — or simply avoiding the fray and…
President Donald Trump speaks during a swearing-in ceremony in the Oval Office at the White House in Washington, March 28, 2025. Andrew Harnik | Getty Images President Donald Trump is about to announce his biggest batch of tariffs yet. And while major details about them are shrouded in mystery, one thing is clear: Some trade…
