Here we go again. This week, the Senate unveiled, honed and passed its version of the “Big Beautiful Bill,” and it’s a fiscal monstrosity. What was already an oversized mess in the House has been supersized into a $4-trillion ode to unseriousness. This isn’t tax reform. It’s a bipartisan piñata stuffed with pork, gimmicks and…
Prices on Chinese-made goods selling on Amazon have reportedly been increasing faster than overall inflation. That’s according to a report Monday (June 30) by Reuters, citing an analysis of 1,400 different products by analytics firm DataWeave. The analysis found that price increases for those goods sped up starting in May, a sign that U.S. tariffs are starting to filter through to consumers….
Investors entered 2025 wildly optimistic after two back-to-back years of 20% stock market gains, only to watch the S&P 500 plunge to the edge of a bear market in April and then rally back to record highs last week. After an eventful first half of the year, Wall Street is buckling up for more volatility…
By CNBCTV18.COM | Jun 30, 2025 8:33 AM IST (Updated) US Stock Market Live Updates: Futures on Wall Street have begun trading from where they left off on Friday. The Dow futures are up 250 points, whereas the S&P 500 and Nasdaq futures are up 20 points and 90 points respectively in trading on Sunday evening…
Wall Street investors in the week ahead are expected to focus on key economic data, including monthly non-farm payrolls report, and on Senate Republicans’ push to pass US President Donald Trump’s “One Big Beautiful Act” legislation. The Republicans are planning to vote on the proposed budget reconciliation bill over the weekend. It was passed in…
Despite concerns earlier this year that President Trump’s tariffs would cause a renewed bout of inflation, the prices of goods and services across the U.S. have remained relatively stable. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 2.3% in May, modestly above the central bank’s 2% annual target. The May…
Leading stock market indexes opened in record territory, with investors buoyed by signs of progress on a U.S.-China trade deal. By midday Friday, the S&P 500 was up 43 points, or 0.7%, to 6,184, above its previous all-time closing high in February of 6,144. The index, which also briefly edged above its previous record on…
The personal consumption expenditures price index, or PCE, inched higher in May, the latest sign that inflation remains stubbornly above the Federal Reserve’s 2% annual target. Prices rose 2.3% in May compared with a year ago, up from just 2.1% in April, according to the PCE data. Excluding the volatile food and energy categories, core…
The Pound Sterling climbs to near 1.3765 against the US Dollar on hopes that President Trump will announce Fed Powell’s successor soon. Fed’s Powell warned that the tariff-driven inflation could prove to be persistent. UK employers aim to reduce their labor force to offset the impact of the increase in contributions to social security schemes….
Oil prices hit a five-month high over the weekend after the United States struck Iran’s nuclear facilities. Tehran retaliated with an attack on the US Al Udeid Air Base in Qatar, keeping global energy markets on edge. But oil prices dropped sharply on Tuesday after it appeared that Iran was holding off further attacks for…