US stock futures slipped as the White House began to release the policy consequences of the expiration of President Trump’s trade deadline, including a baseline tariff rate of 10% and increased levies on Canada. Futures attached to the Dow Jones Industrial Average (YM=F) ticked down 0.2%. Futures attached to the benchmark S&P 500 (ES=F) fell…
The Trump administration announced Thursday that a 90,000-square-foot ballroom with a capacity for 650 people will be constructed in the White House’s East Wing. The approximately $200 million project will be funded by President Trump and other private donors, White House spokesperson Karoline Leavitt said. “The White House is one of the most beautiful and…
The Federal Reserve held interest rates steady Wednesday for the fifth meeting in a row as two Fed governors dissented, underscoring the division within the central bank over the potential impact of President Trump’s tariffs. Central bank policymakers voted to maintain the Fed’s benchmark interest rate in the range of 4.25%-4.5%, as they have throughout…
LOS ANGELES (AP) — Former Vice President Kamala Harris will not run for California governor next year, leaving open the possibility that she could mount a third run for the White House in 2028. “Over the past six months, I have spent time reflecting on this moment in our nation’s history and the best way…
(Corrects name of Section 232 in paragraph 4) (Reuters) -U.S. President Donald Trump on Wednesday signed a proclamation ordering 50% tariffs on certain copper imports, citing national security, the White House said. The proclamation imposes a 50% tariff on semi-finished copper products and copper-intensive derivative products as of August 1, according to a fact sheet…
COLUMBUS, Ohio (AP) — Vice President JD Vance is hitting his home state on Monday to continue promoting the GOP’s sweeping tax-and-border bill. He will be in Canton, Ohio, to talk about the bill’s “benefits for hardworking American families and businesses,” according to his office. Aides offered little detail in advance about the visit, but…
U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, on July 27, 2025. Evelyn Hockstein | Reuters President Donald Trump announced Sunday that the U.S. reached a trade deal with the European Union, following pivotal…
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick said Sunday that the European Union should agree to open its markets for U.S. exports to convince President Donald Trump to…
EDINBURGH, Scotland (AP) — Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House’s deadline to impose stiff tariff rates is looming. Donald Trump played golf Saturday at…
Chinese Premier Li Qiang has called for the establishment of an international centre to better coordinate global cooperation on artificial intelligence (AI) and address the current “fragmented trend”. The move comes as China looks to expand its influence in the new but rapidly evolving sector amid a bitter tech competition with the United States. Opening…