US News

US Jobs Report Signals Cooling Economy but Labor Market Remains Tight; Here Is What Morgan Stanley Says On US Jobs Report

by

US Jobs Report: The latest US jobs report has sparked diverse interpretations among economists and market strategists, reflecting a complex labor market scenario amid ongoing economic uncertainty. Michael Gapen, Chief US Economist at Morgan Stanley, and Phil Orlando, Chief Equity Strategist at Federated Hermes, recently discussed these nuances in detail. US Jobs Report Data The …

Read more

Trump vs Elon Musk: $22 Billion SpaceX-NASA Deal in Jeopardy Amid Explosive Feud

by

Trump vs Elon Musk:Amid rising tensions between U.S. President Donald Trump and tech billionaire Elon Musk, the future of NASA’s manned space missions briefly teetered on the edge. Musk recently announced that SpaceX would begin decommissioning its Crew Dragon spacecraft — a critical element in ferrying astronauts to and from the International Space Station (ISS) …

Read more

Trump and Xi Reignite Trade Talks: A New Chapter or the Same Old Story?

by

Trump and Xi Reignite Trade Talks:In a high-stakes phone call on Thursday, U.S. President Donald Trump and Chinese President Xi Jinping agreed to resume trade negotiations aimed at ironing out persistent disagreements, particularly concerning rare earth material supply and tariffs. This development came just a day after Trump publicly stated that striking a deal with …

Read more

Elon Musk vs Donald Trump: From Political Allies to Public Rivals

by

Elon Musk vs Donald Trump:In a surprising turn of events, Elon Musk and U.S. President Donald Trump have publicly parted ways, marking a dramatic end to a once close political partnership that many believed was tenuous from the start. What began as a powerful alliance between two of the most influential figures in the world …

Read more

Trump Administration Suspends Visas for Harvard Foreign Students, Threatens Columbia University’s Accreditation

by

Trump Administration Suspends Visas for Harvard Foreign Students:In a dramatic escalation of its battle with elite academic institutions, the Trump administration has announced a sweeping six-month ban on foreign students enrolling at Harvard University. The move comes just hours after Education Secretary Linda McMahon threatened to strip Columbia University of its academic accreditation, accusing it …

Read more

Elon Musk vs Trump: The Billionaire Rift Over a $2.4 Trillion Spending Bill

by

Elon Musk vs Trump: A major political rift has surfaced in Washington as President Donald Trump’s sweeping new spending bill—described by him as a “big, beautiful bill”—faces strong and unexpected opposition from billionaire entrepreneur Elon Musk. What began as a friendly rapport between the two powerful figures turned into a public conflict that has captivated …

Read more

Donald Trump Slams Xi Jinping “Extremely Hard to Make a Deal With” as US-China Trade War Reignites

by
North Korea Condemns Trump led Golden Dome Missile Shield

Donald Trump Slams Xi Jinping:In yet another aggressive move on the global trade front, U.S. President Donald Trump has intensified his ongoing tariff battle with China, creating fresh tensions that are reverberating across international markets. This latest escalation comes as Trump openly criticized Chinese President Xi Jinping in a recent post on Truth Social, calling …

Read more

Wells Fargo Unleashed: $400 Billion Growth Opportunity as Asset Cap Finally Lifted

by

Wells Fargo has reached a pivotal milestone as the regulatory asset cap that had restricted its growth since the fallout of its fake accounts scandal has finally been lifted. In an interview with the business channel, CEO Charlie Scharf discussed what this means for the bank, the journey leading up to this moment, and how …

Read more

May ADP payrolls report revealed that the U.S. labor market added only 37,000 private sector jobs

by

May ADP payrolls:In a surprising development, the May ADP payrolls report revealed that the U.S. labor market added only 37,000 private sector jobs, marking the lowest monthly gain since March 2023. This figure came in far below the consensus estimate of 110,000, raising concerns about the pace of hiring as economic uncertainty weighs on businesses. …

Read more

Bond Market Getting More Sensitive to Rising Debt and Deficits, Says Schwab’s Kathy Jones

by

Bond Market Getting More Sensitive to Rising Debt: Charles Schwab’s Kathy Jones warns that the bond market is becoming increasingly sensitive to the U.S.’s rising debt and budget deficits, demanding higher risk premiums. Alongside her, Allspring Global’s Brian Van Cronkhite explains why equities remain resilient despite macroeconomic uncertainties, inflation concerns, and tariff risks. The discussion …

Read more