The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite saw significant losses this week as investor sentiment soured over escalating trade policy actions and signs of economic weakness. While markets attempted a recovery on Friday, they still posted their worst weekly performance in several months, according to CNBC. The S&P 500 rose 0.55% to…
DENVER (AP) — For decades, conservatives in Congress have talked about the need to cut government deeply, but they have always pulled back from mandating specific reductions, fearful of voter backlash. Now, President Donald Trump’s administration is trying to make major cuts in government through the so-called Department of Government Efficiency, or DOGE, run by…
WASHINGTON (AP) — Donald Trump, the real estate developer turned commander in chief, is laying bare his style of diplomacy in the early weeks of his new term: It’s a whole lot like a high-stakes business deal, and his No. 1 goal is to come out of the transaction on top. The tactics are clear…
Hong Kong homebuyers flocked to secure new flats at two projects over the weekend, indicating improving sentiment on the city’s battered property market following a reduction in stamp duties and a buoyant stock market. On Sunday, Sun Hung Kai Properties sold 96 of 172 units offered at its Yoho West Parkside development in Tin Shui…
Amid the ongoing tariff war between the two countries, US President Donald Trump reportedly expressed his dissatisfaction with the long-standing border demarcation treaty between the two nations, in a conversation with Canadian Prime Minister Justin Trudeau. According to a The New York Times report, the US President conveyed his desire to renegotiate the boundary during…
President Trump took to social media Saturday night to defend the relationship between Marco Rubio and Elon Musk following reports the pair clashed during an explosive Cabinet meeting Thursday — calling rumors of tension “FAKE NEWS.” “ELON AND MARCO HAVE A GREAT RELATIONSHIP,” Trump, 78, wrote in a Truth Social post at about 6 p.m….
U.S. economy on shaky footing, Trump calls it a “detox period” – CBS News Watch CBS News The U.S. economy is on shaky footing. The Trump administration calls it a “detox period” as it overhauls the federal government with layoffs, funding cuts and new tariffs. For markets, it’s bruising. Ali Bauman has more details. Be…
One of President Trump’s golf resorts in Scotland was vandalized by pro-Palestinian activists in response to his proposal to empty the Gaza Strip of its Palestinian population. Activists with the United Kingdom-based group Palestine Action said they targeted Mr. Trump’s Turnberry golf course and hotel in southwest Scotland overnight, painting “Gaza Is Not For Sale”…
The United States is not seeking negotiations with Iran but rather imposing demands on it, the country’s Supreme Leader Ayatollah Ali Khamenei has said, after US President Donald Trump said earlier this week he had sent a letter to the Iranian leadership seeking to initiate talks on a nuclear deal. Khamenei’s comments on Saturday came…
Malnutrition food product sees funding affected by USAID cuts – CBS News Watch CBS News Plumpynut is a life-saving food product that can bring a malnourished child back to health in just weeks. But the Trump administration’s cuts to USAID essentially canceled funding to two American suppliers. The White House said Friday that the deals…