Stocks were brutalized Friday in a way we haven’t seen in ages. Everything except some downtrodden consumer packaged goods stocks, led by the resurgent PepsiCo , was slaughtered. The headwinds were enormous and came from disparate places. Bond yields came down huge, something that equity markets normally greet with tremendous relief and price-to-earning multiple expansion….
President Donald Trump on Friday threatened to slap a “massive increase of Tariffs” on Chinese products imported into the United States to “financially counter” new export controls that China imposed on rare earths from that country. Trump also threatened in a social media post to cancel his upcoming meeting with Chinese President Xi Jinping because…
Commander Jared Isaacman of Polaris Dawn, a private human spaceflight mission, speaks at a press conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S. August 19, 2024. Joe Skipper | Reuters President Donald Trump has met with Jared Isaacman to discuss another nomination to lead NASA, a source familiar with the talks confirmed…
Nvidia CEO Jensen Huang said Wednesday that the U.S. is “not far ahead” of China in the artificial intelligence race, and that the country needs a “nuanced strategy” to stay on higher ground. Huang has been walking a tense line between the two countries and has praised China’s AI models, including DeepSeek, Alibaba, and Baidu….
The U.S. Capitol is seen on the second day of the federal government shutdown on October 2, 2025, in Washington D.C. Mehmet Eser | Anadolu | Getty Images With the government shutdown nearing its one-week mark, investors may be monitoring how the stalemate in Washington is affecting their portfolios. So far, stocks have been doing…
U.S. Attorney General Pam Bondi attends a oversight hearing of Senate Judiciary Committee on Capitol Hill in Washington, D.C., U.S., October 7, 2025. Jonathan Ernst | Reuters Attorney General Pam Bondi on Tuesday stonewalled a question at a Senate Judiciary Committee about who ordered FBI agents to flag any documents that mentioned President Donald Trump…
The much-needed modernization of the U.S. Army’s battlefield communications network being undertaken by Anduril, Palantir and others is rife with “fundamental security” problems and vulnerabilities, and should be treated as a “very high risk,” according to a recent internal Army memo. The two Silicon Valley companies, led by allies of U.S. President Donald Trump, have gained access to the Pentagon’s…
Traders work at the New York Stock Exchange on Oct. 1, 2025. NYSE On Wednesday, the U.S. government ground to a halt. Stock markets, however, jumped — one benchmark even hit a record high. Traders in prediction markets are betting the shutdown will last nearly two weeks. Nothing too radical, since that’s the average length…
Morning light hits the U.S. Capitol hours ahead of a press conference to discuss the Epstein Files Transparency bill, directing the release of the remaining files related to the investigations into Jeffrey Epstein and Ghislaine Maxwell, on Capitol Hill in Washington, D.C., U.S., September 3, 2025. Jonathan Ernst | Reuters The U.S. government entered a…
How Republicans and Democrats are blaming each other for the shutdown Senate Minority Leader Charles Schumer, D-N.Y., right, and House Minority Leader Hakeem Jeffries, D-N.Y., conduct a news conference after a meeting with President Donald Trump, Speaker of the House Mike Johnson, R-La., Vice President JD Vance, and Senate Majority Leader John Thune, R-S.D., about…