Two federal judges ruled that the Trump administration must use emergency funds to keep SNAP afloat during the shutdown. President Donald Trump visited Asia, striking a trade deal with China. Speculation about a Trump third term heated up again, despite its near impossibility. And judges made consequential rulings regarding federal workers and voter registration.Here are…
A chart making the rounds on social media has sparked intense debate about the state of the American economy. Since November 2022, when ChatGPT launched, the S&P 500 has surged more than 70% while job openings have plummeted roughly 30%. The juxtaposition has earned the graphic a foreboding nickname: the “scariest chart in the world.”…
U.S. Treasury yields inched higher on Thursday as investors digested the Federal Reserve’s latest interest rate cuts and uncertainty regarding future monetary policy. At 6:22 a.m. ET, the benchmark 10-year Treasury yield was up less than 1 basis point to 4.066%. The 2-year Treasury note yield was also up less than a basis point to 3.59%. Meanwhile, the 30-year bond yield added…
Stocks hit fresh records on Monday, marking a significant pickup in momentum after a bumpy stretch in which tariff fears and worries about loan losses at regional banks weighed on major indexes. The optimism isn’t limited to U.S. markets. Benchmarks in Japan, South Korea and Taiwan notched new records Monday, while the Shanghai composite closed…
Inflation edged higher in September amid a jump in gasoline prices and other essentials like electricity, while President Donald Trump’s tariffs put pressure on prices for physical goods like clothing and furniture, economists said. The consumer price index, a key inflation barometer, rose 3% in September from a year earlier, the Bureau of Labor Statistics reported Friday….
Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported on Monday. Andrew Harnik | Getty Images News | Getty Images Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported Monday. Armstrong will lead the finance operations for both xAI and social media platform…
A new ADP jobs report estimated that the U.S. economy lost more than 30,000 private sector jobs in September. Newsweek reached out to the White House for comment via email. Why It Matters The Bureau of Labor Statistics (BLS) jobs report was set to be released on Friday, but could be delayed as legislators remain…
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…
In an aerial view, trucks line up to enter a shipping berth at the Port of Oakland on Aug. 26, 2025 in Oakland, California. Justin Sullivan | Getty Images U.S. President Donald Trump said Thursday night stateside that he would impose a 25% tariff on imported heavy trucks from Oct. 1, part of his broader…
The US unemployment rate has ticked up in recent months to its highest level since 2021. Meanwhile, job seekers say it’s taking them longer to find work as employers pull back on hiring. In August, the economy created 22,000 jobs, a decline from the revised previous month’s 79,000, according to data from the US Labor…