By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. government shutdown tops investors’ agenda next week as markets head into the seasonally strong fourth quarter, with equities near record highs bracing for an earnings-season test later this month. A deep partisan rift in Washington led to a federal government shutdown that risks delaying crucial economic…
President Trump has shared a largely AI generated music video which depicts Office of Management and Budget (OMB) Director Russell Vought, one of the architects of the conservative Project 2025 plan, as the grim reaper on his Truth Social website. In the video the reaper is portrayed walking through Washington D.C., before its identity is…
Wall Street closed higher on Wednesday, driven by healthcare stocks. Investors shrugged off weaker-than-expected private payrolls data and concerns surrounding the first day of the U.S. federal government shutdown. All three benchmark indexes finished in the green. The Dow Jones Industrial Average (DJI) climbed 0.1%, or 43.21 points, to close at 46,441.1. Fifteen components of…
US stock futures traded flat after stocks hit fresh records with Wall Street fixated on the promise of AI even as the government shutdown drags on. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) hovered around the baseline. Stocks on Thursday rose as…
Ever since Newt Gingrich brought the federal government to a halt for three weeks in 1995, “birthing a new era of American gridlock,” as NPR later put it, the shutdown has been one of the capital’s recurring set pieces. Republicans, as the official anti-government party going back to the Reagan era, have usually been blamed….
US stocks rose on Thursday as the AI trade continued to power a push for fresh records amid new buzz around OpenAI (OPAI.PVT). Meanwhile, investors kept an eye on developments in Washington, weighing the chances of a lengthy US government shutdown. The tech-heavy Nasdaq Composite (^IXIC) rose 0.4%. The S&P 500 (^GSPC) gained 0.1%. The…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Stock markets around the world leaped to new highs on Thursday, propelled by optimism around the AI boom and hopes for further U.S. interest rate cuts, as investors shrugged off the U.S. government shutdown…
Washington — The fight over funding the government is likely to be a costly one. Each week of the ongoing government shutdown could cost the economy $7 billion and reduce GDP growth by 0.1 percentage points, according to an estimate published by EY-Parthenon chief economist Gregory Daco. That cost is a function of reduced pay…
US stock futures rose on Thursday, eyeing fresh records as OpenAI (OPAI.PVT) buzz buoyed techs and blotted out the prospect of a US government shutdown with no end in sight. Nasdaq 100 futures (NQ=F) moved up 0.5%, while S&P 500 futures (ES=F) added 0.3%. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer…
The National Park Service, which is part of the Interior Department, released its plans for the shutdown late Tuesday evening. The document says 9,296 of the service’s 14,500 employees will be furloughed, but many areas will remain open to the public. “Park roads, lookouts, trails, and open-air memorials will generally remain accessible to visitors,” the…