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2025-01-21 02:51:59

Trump says 25% tariffs on Canada and Mexico coming on Feb. 1 as he signs several orders on economy
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President Donald Trump announced 25% tariffs on Canada and Mexico starting February 1, 2025; he signed executive actions aimed at cutting energy prices and inflation; Trump blamed inflation on Biden's $1.9 trillion pandemic aid; he plans to open Arctic National Wildlife Refuge for oil drilling; Trump declared a national energy emergency; he signed a directive for federal agencies to review costs of housing, health care, and food; Trump stated tariffs would 'make us rich as hell'; Canadian Finance Minister Dominic LeBlanc prepared for trade status changes; inflation rose globally post-COVID-19 and worsened after Russia's invasion of Ukraine; the Federal Reserve raised interest rates 11 times in 2022 and 2023; inflation peaked at 9.1% in mid-2022 but dropped to 2.9% in December 2023; grocery prices increased by 27% since February 2021.
#Trump #Tariffs #Canada #Mexico #Economy #Inflation #Energy #ExecutiveOrders #Biden #Trade
https://www.whec.com/national-world/trump-says-25-tariffs-on-canada-and-mexico-coming-on-feb-1-as-he-signs-several-orders-on-economy/

2024-09-21 22:37:47

Biden tells Quad leaders that Beijing is testing region at turbulent moment for Chinese economy
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President Joe Biden addressed Indo-Pacific allies on September 21, 2024, asserting that China's military assertiveness is a test of the region amid economic turmoil in China. He described Beijing's actions as a 'change in tactic, not a change in strategy.' Biden highlighted China's economic struggles post-coronavirus pandemic, including slow industrial activity and real estate prices. He met with leaders from Australia, India, and Japan, emphasizing the importance of intense diplomacy in the face of competition. The Quad summit, hosted in Wilmington, Delaware, is the fourth in-person meeting since 2021, with leaders discussing maritime security and humanitarian cooperation to counter China's assertiveness. Biden and Japanese Prime Minister Fumio Kishida discussed strengthening ties with South Korea, while Indian Prime Minister Narendra Modi addressed his neutral stance on Russia's invasion of Ukraine. The leaders plan to issue a joint statement with strong language on China and North Korea and announce initiatives related to cancer reduction in the Indo-Pacific.
#Biden #China #Quad #Indopacific #Summit #Diplomacy #Economy #Security #Maritime #Cancer
https://www.whec.com/national-world/biden-tells-quad-leaders-that-beijing-is-testing-region-at-turbulent-moment-for-chinese-economy/

2024-09-11 01:44:44

The Latest: The debate between Trump and Harris has begun in Philadelphia
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The debate between Donald Trump and Kamala Harris began at 9 PM EDT on September 10, 2024, in Philadelphia; This is the only scheduled debate before the November election; Trump reiterated his support for IVF access and stated abortion should be a state issue; Polls show 51% of Americans trust Harris more on abortion policy compared to 27% for Trump; Harris criticized Trump's economic policies, claiming they favor the wealthy; Trump has been accused of spreading misinformation about late-term abortions; The debate is hosted by ABC News with no live audience; Trump arrived with far-right activist Laura Loomer; The National Constitution Center, the debate venue, is historically significant; The debate is expected to last 90 minutes with two commercial breaks.
#Trump #Harris #Debate #2024Election #Abortion #Ivf #Economy #Philadelphia #Politics #PresidentialCandidates
https://www.whec.com/national-world/the-latest-the-debate-between-trump-and-harris-has-begun-in-philadelphia/

2024-08-07 10:16:51

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#note1ka7…ta4c

2024-08-07 10:16:39

Global shares rise and Japan's Nikkei gains 1.2% as markets settle after a wild start to the week
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World shares advanced with Japan's Nikkei 225 index closing 1.2% higher; Bank of Japan official suggests central bank will refrain from raising interest rates while markets are unstable; Germany's DAX added 1.2% and CAC 40 in Paris gained 1.4%; Future for S&P 500 jumped 1% and Dow Jones Industrial Average rose 0.7%; Bank of Japan official Shinichi Uchida believes the US will have a 'soft landing' and Japan's central bank will not raise its policy interest rate when financial and capital markets are unstable; China reports that its exports rose 7% in July from a year earlier; Hong Kong's Hang Seng closed 1.4% higher and Shanghai Composite index edged up 0.1%; South Korea's Kospi jumped 1.8% and Taiwan's benchmark jumped 3.9%; S&P 500 climbed 1% and Dow added 0.8% on Tuesday; US benchmark crude oil picked up 35 cents to $73.55 per barrel; Euro fell to $1.0913 from $1.0928.
https://www.whec.com/national-world/global-shares-rise-and-japans-nikkei-gains-1-2-as-markets-settle-after-a-wild-start-to-the-week/

2024-08-07 06:07:27

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#note1yks…jwps

2024-08-07 06:07:15

Japan's share benchmark bounces higher as markets resume climbs after calm day on Wall Street
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Japan's benchmark Nikkei 225 index bounces back, up 3.1% at 35,725.58; Bank of Japan official notes that monetary policy remains lax despite interest rate hike; Dollar rebounds against yen, jumping to 147.53 yen; China reports slower export growth in July; Hong Kong's Hang Seng rises 1.6%; S&P 500 breaks three-day losing streak, climbs 1%; U.S. stock market still up nearly 10% in 2024; Yield on 10-year Treasury rises to 3.88%; U.S. benchmark crude oil up at $73.37 per barrel; Euro falls to $1.0912.
#Japan #Nikkei225 #BankOfJapan #InterestRates #CurrencyExchange #Exports #StockMarket #S&p500 #TreasuryYield #CrudeOil #Euro
https://www.whec.com/national-world/japans-share-benchmark-bounces-higher-as-markets-resume-climbs-after-calm-day-on-wall-street/

2024-07-23 11:26:15

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#note150h…uvyv

2024-07-23 11:26:02

Stock market today: World shares are mixed, Chinese indexes sink, after Wall St snaps losing streak
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World shares are mixed; German DAX advances 1% to 18,589.57; CAC 40 in Paris gains 0.2% to 7,636.05; FTSE 100 in London is less than 4 points higher at 8,202.30; S&P 500 slips less than 0.1%; Dow Jones Industrial Average is up less than 0.1%; Tokyo's Nikkei 225 closes nearly unchanged at 39,594.39; Hang Seng in Hong Kong loses 0.9% to 17,469.36; Shanghai Composite index sheds 1.7% to 2,915.37; domestic focused CSI 300 index slips 2.1%; Baosteel Iron & Steel Co. falls 2.9%; China's central bank cuts two key interest rates by 10 basis points; South Korea's Kospi advances 0.4% to 2,774.29; S&P/ASX 200 jumps 0.5% to 7,971.10; Taiwan's Taiex surges 2.8%; SET in Bangkok falls 1%; S&P 500 rises 1.1% breaking a three-day losing streak; Dow Jones Industrial Average adds 0.3%; Nasdaq composite climbs 1.6% to 18,007.57; Nvidia rises 4.8%; Alphabet and Tesla to report quarterly results; Treasury yields mostly rise in the bond market; U.S. dollar is relatively steady; U.S. benchmark crude oil gains 9 cents to $78.49 per barrel; Brent crude gains 10 cents to $82.50 per barrel.
https://www.whec.com/national-world/stock-market-today-world-shares-are-mixed-chinese-indexes-sink-after-wall-st-snaps-losing-streak/

2024-07-23 08:01:23

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#note1dr5…p8a8

2024-07-23 08:01:12

Stock market today: Asian shares are mixed after Wall Street breaks losing streak
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Asian shares are mixed after Wall Street breaks losing streak; Tokyo’s Nikkei 225 closed nearly unchanged; Chinese markets declined; China’s central bank cut two key interest rates by 10 basis points; South Korea’s Kospi advanced 0.4%; Taiwan’s Taiex surged 2.8%; S&P 500 rose 1.1% to 5,564.41, breaking a three-day losing streak; Dow Jones Industrial Average added 0.3% to 40,415.44; Nasdaq composite climbed 1.6% to 18,007.57; Nvidia rose 4.8%; Alphabet rose 2.3% and Tesla gained 5.1%; President Joe Biden said he won’t run for re-election; U.S. dollar was relatively steady; U.S. benchmark crude oil gained 1 cent to $78.41 per barrel; Brent crude gained 7 cents to $82.47 per barrel.
https://www.whec.com/national-world/stock-market-today-asian-shares-are-mixed-after-wall-street-breaks-losing-streak-2/

2024-07-19 11:36:11

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#note1j56…xs62

2024-07-19 11:36:00

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions
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Asian shares retreated after Wall Street tech retreat; Hong Kong's benchmark dipped over 2% due to concerns about China's property sector; Chinese officials provided vague details of a blueprint to make China a leader in technology and raise living standards; Taiwan's Taiex fell 2.3% due to restrictions on sales to China of semiconductors; European indexes were mixed after the European Central Bank held its main interest rate steady; S&P 500 dropped 0.8% with Big Tech stocks leading the market lower; Nvidia rose 2.9% and stretched its gain for the year to nearly 145%; majority of stocks within the S&P 500 fell; U.S. economy showed mixed reports on unemployment benefits and manufacturing growth; U.S. benchmark crude oil lost 52 cents to $80.78 per barrel; U.S. dollar rose to 157.48 Japanese yen from 157.37 yen; euro fell to $1.0885 from $1.0897.
#StockMarket #AsianShares #WallStreet #ChinaPolicy #Technology #Semiconductors #EuropeanCentralBank #S&p500 #UnemploymentBenefits #ManufacturingGrowth #CrudeOil #CurrencyExchange
https://www.whec.com/national-world/stock-market-today-asian-shares-sink-weighed-down-by-wall-st-tech-retreat-china-policy-questions-2/

2024-07-17 09:16:49

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#note14j8…e3z5

2024-07-17 09:16:38

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
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Asian stocks were mostly lower Wednesday even as investors wagered that the Federal Reserve will come ahead with a cut to interest rates, while Australia’s benchmark hit a new record. U.S. futures fell and oil prices advanced. In Tokyo, the Nikkei 225 index gave up early gains to shed 0.4% to 41,097.69. Australia’s S&P/ASX 200 advanced 0.7% to 8,057.90 after hitting an all-time high of 8,083.70 during morning trading. South Korea’s Kospi shed 0.8% to 2,843.29. Hong Kong’s Hang Seng gained 0.2% to 17,761.66, while the Shanghai Composite index lost 0.3% to 2,967.32. Taiwan’s Taiex declined 1%, with Taiwan Semiconductor Manufacturing Company’s stock falling 2.4%. The SET in Bangkok was up 0.2%. On Tuesday, the S&P 500 climbed 0.6% to 5,667.20, setting an all-time high for the 38th time this year. The Dow Jones Industrial Average leaped 1.9% to 40,954.48, and the Nasdaq composite lagged with a gain of 0.2% to 18,509.34. Several big winners from the day before, which benefited from heightened expectations for former President Donald Trump to retake the White House, gave back some of their immediate jumps following Trump’s dodging of over the weekend. Trump Media & Technology Group fell 9.1%, a day after leaping 31.4%. In the bond market, some of the prior day’s moves also reversed themselves. Longer-term yields sank more than shorter-term yields after a report showed sales at U.S. retailers held firm last month despite economists’ expectations for a decline. The yield on the 10-year Treasury dropped to 4.16% from 4.23% late Monday. Yields have eased on rising expectations that inflation is slowing enough to convince the Federal Reserve to begin cutting interest rates soon. Tuesday’s stronger-than-expected data on retail sales may give Fed officials some pause, because too-strong activity could keep upward pressure on inflation. But traders are still betting on a 100% probability that the Fed will cut its main interest rate in September, according to data from CME Group. In other dealings, U.S. benchmark crude oil added 1 cent to $79.72 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gave up 8 cents to $83.65 per barrel.
https://www.whec.com/national-world/stock-market-today-asian-stocks-slip-while-australian-index-tracks-wall-st-rally-to-hit-record-2/

2024-07-15 07:15:41

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#note1jw7…qp9y

2024-07-15 07:15:30

Stock market today: Asian shares are mixed as China reports its growth slowed in April-June
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Asian shares began the week trading mixed as China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter. The future for the S&P 500 was up 0.3% and that for the Dow Jones Industrial Average was 0.2% higher. Hong Kong’s Hang Seng fell 1.5% early Monday to 18,021.73 on heavy selling of property developers. The Shanghai Composite slipped less than 0.1% to 2,970.77. In Seoul, the Kospi edged 0.1% higher to 2,860.92, while the S&P/ASX 200 gained 0.7% to 8,017.60. Taiwan’s Taiex lost 0.2% and the SET in Bangkok shed 0.7%. U.S. stocks rose after mixed signals on big banks’ profits. The S&P 500 climbed 0.6% to close its fifth winning week in the last six, ending at 5,615.35. The Dow rose 0.6% to 40,000.90 and the Nasdaq composite added 0.6% to 18,398.45. Bank of New York Mellon climbed 5.2% for one of the market’s bigger gains after it reported better profit for the spring than analysts expected. Traders are banking on a 94% probability that the Federal Reserve will start easing rates in September. U.S. benchmark crude oil shed 3 cents to $82.18 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, lost 10 cents to $84.93 per barrel.
https://www.whec.com/national-world/stock-market-today-asian-shares-are-mixed-as-china-reports-its-growth-slowed-in-april-june/

2024-07-14 19:56:24

Former fire chief who died at Trump rally used his body to shield family from gunfire
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Corey Comperatore, a former fire chief, died at a Pennsylvania rally for Donald Trump while diving in front of his family to protect them from gunfire during an assassination attempt against the former president. Pennsylvania Gov. Josh Shapiro confirmed Comperatore's heroic act, using his body as a shield to protect his wife and daughter. Two other people were injured in the incident. The suspected shooter was killed by the Secret Service. Comperatore was described as a stand-up guy and a true brother of the fire service. A fundraising campaign has raised over $180,000 to support Comperatore's family.
https://www.whec.com/national-world/former-fire-chief-who-died-at-trump-rally-used-his-body-to-shield-family-from-gunfire/

2024-07-13 12:56:49

With words, deeds and arms deals, allies make the case for NATO in terms that would appeal to Trump
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European allies in NATO are increasing their military spending and buying U.S. weapons to appeal to Donald Trump. They are emphasizing common interests, such as concerns over China, and the creation of American jobs. European leaders are worried about Russia's intensifying missile attacks on Ukraine and the potential impact on NATO. NATO Secretary-General Jens Stoltenberg stated that allies have understood Trump's message, with a record 23 out of 32 now spending at least 2% of their GDP on their militaries. European leaders stress that the U.S. is good for European allies and NATO, and a safe and stable Europe is a great market for the U.S. European officials have been working to build relationships with the Trump camp and emphasize the contribution to the U.S. economy through arms deals. Trump has warned that NATO allies not spending enough on their militaries could invite Russian attacks. European officials are cautious about publicly expressing concerns about Trump or preparing for another Trump presidency. The article suggests that if Trump claims credit for saving NATO, it could encourage Europeans to accept his narrative and continue U.S. support for the alliance.
#Nato #EuropeanAllies #MilitarySpending #ArmsDeals #DonaldTrump #Russia #Ukraine #China
https://www.whec.com/national-world/with-words-deeds-and-arms-deals-allies-make-the-case-for-nato-in-terms-that-would-appeal-to-trump/

2024-07-12 13:33:42

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#note1dhr…ehfh

2024-07-12 13:33:31

US wholesale inflation picked up in June in sign that some price pressures remain elevated
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Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, the sharpest year-over-year increase since March 2023. The producer price index rose 0.2% from May to June, while core wholesale prices were up 0.4% from May and 3% from June 2023. The increase in wholesale prices indicates that some inflation pressures remain high, despite other price indicators showing that inflation has continued to ease. The producer price index can provide an early sign of where consumer inflation is headed. The recent price figures suggest a continued slowdown in inflation, but the costs of food, rent, healthcare, and other necessities remain higher than before the pandemic. The US economy remains steady, with hiring increasing and unemployment remaining low.
#Inflation #WholesalePrices #Economy #ConsumerInflation #FederalReserve #InterestRates #BorrowingCosts
https://www.whec.com/national-world/us-wholesale-inflation-picked-up-in-june-in-sign-that-some-price-pressures-remain-elevated-2/

2024-07-08 10:29:24

Stock market today: Global stocks mixed after French election leaves no clear majority
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Asian stocks fell while European markets were higher on Monday after France's elections left its legislature divided among left, center, and far right, with no single political faction getting close to a majority. The CAC-40 index of large companies erased early losses and was 0.8% higher. France now faces weeks of uncertainty as there is no clear majority for any of the main political forces in parliament to support a new government after Prime Minister Gabriel Attal said he would resign. The euro currency rose to $1.0841. In Tokyo, the Nikkei 225 index was down 0.3% to 40,780.70. Hong Kong's Hang Seng index declined 1.6% to 17,524.06 and the Shanghai Composite index dropped 0.9% to 2,922.45. Australia's S&P/ASX 200 sank 0.8% to 7,763.20 while South Korea's Kospi edged 0.2% lower to 2,857.76. U.S. stocks had risen to more records on Friday boosted by a highly anticipated report on the job market. On Friday, the S&P 500 climbed 0.5% to 5,567.19, setting an all-time high for a third straight day. The Dow Jones Industrial Average rose 0.2% to 39,375.87, while the Nasdaq composite added 0.9% to 18,352.76. U.S. benchmark crude oil gave up 64 cents, down to $82.52 per barrel. Brent crude declined 47 cents to $86.07 per barrel. The U.S. dollar rose to 161.00 Japanese yen from 160.72 yen.
https://www.whec.com/national-world/stock-market-today-global-stocks-mixed-after-french-election-leaves-no-clear-majority/

2024-07-02 16:59:07

Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates
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US inflation is cooling again, according to Federal Reserve Chair Jerome Powell. After persistently high inflation reports earlier this year, data for April and May suggest a return to a disinflationary path. However, Powell stated that more evidence is needed before the Fed would consider cutting interest rates. The Fed wants to see annual price growth slow further towards their 2% target before feeling confident about defeating high inflation. Powell also acknowledged the fine line the Fed is treading in deciding when to cut its benchmark interest rate, as cutting rates too soon could re-accelerate inflation, while waiting too long risks weakening the economy. The government reported that consumer prices were unchanged from April to May, with inflation dropping to 2.6% in May from 2.7% in April. Core inflation also barely rose from April to May, falling to 2.6% from 2.8% in April. Powell stated that the US economy and job market remain healthy, allowing the Fed to take its time in deciding when rate cuts are appropriate. Most economists predict the first rate cut will occur in September. Powell declined to provide a specific time frame for a rate cut, but investors are betting on a nearly 70% chance of a reduction at the Fed's September meeting.
#JeromePowell #FederalReserve #Inflation #InterestRates
https://www.whec.com/national-world/fed-chair-jerome-powell-us-inflation-is-cooling-again-though-it-isnt-yet-time-to-cut-rates/

2024-06-26 13:34:41

Stock market today: Wall Street leans modestly lower as markets await Friday's inflation data
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Wall Street drifted modestly lower before the bell Wednesday as markets digest corporate earnings while waiting for an important inflation update from the government on Friday. Futures for the S&P 500 were essentially flat, while futures for the Dow Jones Industrial Average dipped 0.2%. Chipmaker Nvidia rose in off-hours trading, taking back more of the losses incurred during a recent three-day stretch during which 13% of its value vanished. Shares of Rivian soared 37% on news that Volkswagen has agreed to invest up to $5 billion in a new joint venture with the electric vehicle maker. FedEx jumped 14.6% after it beat Wall Street’s fourth-quarter sales and profit targets, boosted by recent cost-cutting initiatives. On Friday, the government reports on the inflation gauge that the Federal Reserve follows most closely and is expected to influence the Fed’s decision on when to begin cutting interest rates in the coming months. In Europe at midday, Germany’s DAX and the FTSE in London each fell 0.2%, while the CAC 40 in Paris tumbled nearly 0.8%. In Asian trading, Japan’s Nikkei jumped 1.3% to 39,667.07, buoyed by strong demand for technology shares driven by the enthusiasm over Nvidia and artificial intelligence. The dollar inched higher against the Japanese yen, drawing warnings from senior officials in Tokyo of potential intervention in the market. The euro fell to $1.0695 from $1.0717. The Kospi in Seoul was up 0.6% at 2,792.05. Chinese shares rebounded after a weak open. Hong Kong’s Hang Seng edged 0.1% higher to 18,089.93 and the Shanghai Composite index surged 0.8% to 2,972.53. Australia’s S&P/ASX 200 declined 0.7% to 7,783.00. On Tuesday, the S&P 500 rose 0.4% and the Dow Jones Industrial Average, which does not include Nvidia, dropped 0.8%. The Nasdaq composite jumped 1.3%.
https://www.whec.com/national-world/stock-market-today-wall-street-leans-modestly-lower-as-markets-await-fridays-inflation-data/

2024-06-26 10:47:50

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#note1krq…j62q

2024-06-26 10:47:39

WikiLeaks founder Julian Assange returns to Australia a free man after US legal battle ends
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Julian Assange, founder of WikiLeaks, has returned to Australia after pleading guilty to obtaining and publishing U.S. military secrets in a deal with the Justice Department. Assange was accused of receiving and publishing war logs and diplomatic cables that exposed U.S. military wrongdoing in Iraq and Afghanistan. He spent five years in a British prison fighting extradition to the U.S. and has now been sentenced to the five years he already served. The plea deal allows Assange to return to Australia without any time in an American prison. His lawyer expects him to continue campaigning for freedom of speech and transparency in government.
#JulianAssange #Wikileaks #UsLegalBattle #Australia #PleaDeal
https://www.whec.com/national-world/wikileaks-founder-julian-assange-returns-to-australia-a-free-man-after-us-legal-battle-ends/

2024-06-18 14:55:23

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#note1n8q…c4rl

2024-06-18 14:55:12

Stock market today: Wall Street drifts around its records as bond yields ease
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U.S. stocks are drifting around their records as bond yields ease. The S&P 500 was 0.2% higher a day after setting a record for the 30th time this year. The Dow Jones Industrial Average was up 85 points, or 0.2%. Stocks got some lift from easing yields in the bond market. Treasury yields fell after a report showed sales at U.S. retailers returned to growth last month but remained below economists’ expectations. Bets built among traders that the Federal Reserve will cut rates at least once this year and possibly twice. The yield on the 10-year Treasury fell to 4.24% from 4.29% late Monday. The two-year yield dropped to 4.71% from 4.77%. Weaker-than-expected data could be a warning signal that spending by households, the main engine of the U.S. economy, is cracking. Inflation is still high, and consumers are struggling to keep up with the more expensive prices. Lennar, a homebuilder, fell 1.9% after co-CEO Stuart Miller said “challenged consumer sentiment” and swings in interest rates are testing the company. Fisker plunged nearly 60% after filing for Chapter 11 bankruptcy protection. La-Z-Boy jumped 19.9% after reporting stronger profit and revenue for the latest quarter than expected. Silk Road Medical jumped 23.7% after Boston Scientific agreed to buy the medical device company in a cash deal valuing it at roughly $1.26 billion. France’s CAC 40 rose 0.7%. Japan’s Nikkei 225 rose 1%. Akio Toyoda, grandson of the automaker’s founder, will remain as chairman of the board.
https://www.whec.com/national-world/stock-market-today-wall-street-drifts-around-its-records-as-bond-yields-ease/

2024-06-10 06:01:43

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#note1lu6…c3sd

2024-06-10 06:01:32

Stock market today: Asian markets mixed following hotter-than-expected US jobs report
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Asian markets were mixed on Monday after a hotter-than-expected US jobs report was released on Friday. The euro fell after French President Emmanuel Macron dissolved the National Assembly following a setback in Sunday’s parliamentary election. U.S. futures and oil prices rose. In Tokyo, the Nikkei 225 index was up 0.5% at 38,872.19. South Korea’s Kospi slipped 0.7% to 2,705.06. Far-right parties made major gains in European parliamentary elections, leading Macron to dissolve the National Assembly and call a snap legislative election. The euro dropped to its lowest price in nearly a month. On Friday, the S&P 500 fell 0.1% to 5,346.99, the Nasdaq composite slipped 0.2% to 38,798.99, and the Dow Jones Industrial Average slipped 0.2% to 38,798.99. U.S. employers added 272,000 jobs in May, more than economists expected. The unemployment rate rose for a second straight month. The yield on the 10-year Treasury jumped to 4.43% from 4.29% before the jobs report. Wall Street hopes for at least one cut to the Fed’s benchmark interest rate before the year ends. Economic data from last week hinted that the economy could be cooling. GameStop slumped 39.4% after reporting another quarterly loss and saying it planned to sell up to 75 million more shares. U.S. benchmark crude oil gained 23 cents to $75.76 per barrel. Brent crude was up 28 cents to $79.90 per barrel. The U.S. dollar rose to 157.12 Japanese yen from 156.83 yen.
https://www.whec.com/national-world/stock-market-today-asian-markets-mixed-following-hotter-than-expected-us-jobs-report/

2024-05-29 07:33:06

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#note1pdk…7x02

2024-05-29 07:32:54

Stock market today: Asian shares decline after a mixed post-holiday session on Wall Street
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Asian shares decline after mixed session on Wall Street following a three-day holiday weekend. Japan's Nikkei 225 down 0.8% to 38,533.42. Australia's S&P/ASX 200 dips 1.3% to 7,665.60. South Korea's Kospi loses 1.6% to 2,679.75. Hong Kong's Hang Seng slips 2.1% to 18,425.09. Shanghai Composite edges 0.2% lower to 3,102.04. IMF raises China's economic outlook to 5% annual growth. U.S. stocks fall, with S&P 500 edging higher by 0.1% to 5,306.04. Dow Jones Industrial Average falls 0.6% to 38,852.86. Nasdaq composite gains 0.6% to 17,019.88. Nvidia jumps 7% and U.S. Cellular climbs 12.2%. GameStop rises 25.2% after raising $933.4 million in cash. Treasury yields rise, with the 10-year Treasury climbing to 4.54%. Benchmark U.S. crude rises to $80.09 a barrel. U.S. dollar falls to 157.04 Japanese yen.
https://www.whec.com/national-world/stock-market-today-asian-shares-decline-after-a-mixed-post-holiday-session-on-wall-street-2/

2024-05-24 18:42:04

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#note1al0…6pl2

2024-05-24 18:41:52

Harris announces plans to help 80% of Africa gain access to the internet, up from 40% now
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Vice President Kamala Harris announced the formation of a partnership to provide internet access to 80% of Africa by 2030, up from roughly 40% currently. The announcement follows Harris' visit to Africa last year and in conjunction with Kenyan President William Ruto's visit to Washington. The partnership, called the Partnership for Digital Access in Africa, aims to increase economic growth through public-private partnerships. Harris also announced the Mobilizing Access to the Digital Economy Alliance (MADE), which will pilot a program to give digital access to 3 million farmers in Kenya, Tanzania, and Nigeria. Additionally, the Women in the Digital Economy efforts have generated over $1 billion in public and private commitments. Africa has struggled to obtain the capital needed for industrial and technological development, with foreign direct investment falling to $45 billion in 2022 from a record high of $80 billion in 2021.
#KamalaHarris #Africa #InternetAccess #Partnership #EconomicGrowth #DigitalEconomy
https://www.whec.com/national-world/harris-announces-plans-to-help-80-of-africa-gain-access-to-the-internet-up-from-40-now/

2024-05-01 22:22:45

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#note1mtx…cjrs

2024-05-01 22:22:34

Over 40% of Americans see China as an enemy, a Pew report shows. That's a five-year high
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More than 40% of Americans now label China as an enemy, reaching the highest level in five years, according to an annual Pew Research Center survey. Half of Americans think of China as a competitor, and only 6% consider the country a partner. The Biden administration is seeking to stabilize U.S.-China relations while countering the country on various issues. The Pew report found that roughly half of Americans think limiting China's power and influence should be a top U.S. foreign policy priority. About eight in 10 Americans have an unfavorable view of China, and about eight in 10 Americans say they have little or no confidence in Chinese President Xi Jinping. The share of Americans who see China as an enemy is much larger among Republicans and Republican-leaning independents. Older Americans, conservative Republicans, and those with a negative view of the U.S. economy are more critical of China and more likely to consider the country an enemy.
https://www.whec.com/national-world/over-40-of-americans-see-china-as-an-enemy-a-pew-report-shows-thats-a-five-year-high/

2024-04-27 02:20:11

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#note17t7…lkp4

2024-04-27 02:19:59

Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months
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The S&P 500 rallied 1% to finish its first winning week in the last four. The Dow Jones Industrial Average rose 153 points, or 0.4%, and the Nasdaq composite jumped 2%. Alphabet leaped 10.2% after beating analysts' profit expectations and announcing a dividend and stock buyback program. Microsoft climbed 1.8% after reporting stronger profit and revenue, citing growth in its cloud-computing business. Intel's stock dropped 9.2% despite reporting stronger profit but falling short of revenue estimates. Inflation remains high, but economists expect it to cool in the coming months. The weaker-than-expected reading on the overall U.S. economy may not be as bad as it seems. The higher-than-expected inflation readings will likely keep the Fed on hold at its next policy meeting. Roughly three out of four companies have been beating profit forecasts this reporting season. The S&P 500 rose 51.54 points to 5,099.96, the Dow added 153.86 to 38,239.66, and the Nasdaq gained 316.14 to 15,927.90.
https://www.whec.com/national-world/stock-market-today-alphabet-and-microsoft-help-wall-street-clinch-its-best-week-in-nearly-6-months/

2024-04-24 20:26:52

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#note19gn…wafw

2024-04-24 20:26:40

About 1 in 4 US adults 50 and older who aren't yet retired expect to never retire, AARP study finds
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About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire. 70% are concerned about prices rising faster than their income. 1 in 4 have no retirement savings. Everyday expenses and housing costs are the biggest reasons why people are unable to save for retirement. The AARP's study finds that one-third of older adults with credit card debt carry a balance of more than $10,000 and 12% have a balance of $20,000 or more. Additionally, 37% are worried about meeting basic living costs such as food and housing. The share of people 50 and older who say they do not expect to retire has remained steady. Biden and Trump are trying to win support from older Americans with their policy proposals. The financial health of Social Security and Medicare is a looming issue that will affect Americans' ability to retire. The latest annual report from the program's trustees says the financial safety nets for millions of older Americans will run short of money to pay full benefits within the next decade. An AP-NORC poll found that most U.S. adults are opposed to proposals that would cut into Medicare or Social Security benefits, and a majority support raising taxes on the nation's highest earners to keep Medicare running as is.
#Retirement #Aarp #OlderAdults #Savings #Economy #SocialSecurity #Medicare
https://www.whec.com/national-world/about-1-in-4-us-adults-50-and-older-who-arent-yet-retired-expect-to-never-retire-aarp-study-finds/

2024-04-14 02:56:55

McCormick gets Trump's endorsement in Pennsylvania's Senate race despite awkward history
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Former President Donald Trump endorsed U.S. Senate candidate Dave McCormick of Pennsylvania on Saturday, urging his supporters in the state to "go out and vote for him" in one of the year's most hotly contested Senate races. Trump's endorsement came two years after he successfully helped sink McCormick in Pennsylvania's Senate GOP primary. McCormick, who splits his time in Connecticut, did not attend the rally. McCormick is trying to unseat Democratic Sen. , who is seeking his fourth term and is perhaps Pennsylvania's best-known politician. In 2022, McCormick sought Trump's endorsement, but Trump told him he would need to say the 2020 election was stolen to win the primary, which McCormick refused to do. Trump then endorsed Dr. Mehmet Oz and repeatedly criticized McCormick on the campaign trail.
#DonaldTrump #DaveMccormick #PennsylvaniaSenateRace
https://www.whec.com/election-news/mccormick-gets-trumps-endorsement-in-pennsylvanias-senate-race-despite-awkward-history/

2024-04-10 20:46:06

Biden praises Prime Minister Kishida's leadership and Japan's growing international clout
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President Joe Biden praises Japanese Prime Minister Fumio Kishida's 'bold leadership' on global crises. The visit marks the completion of the Democratic administration's feting of the leaders of the Quad alliance. Biden emphasizes the unbreakable alliance between Japan and the United States. Kishida announces that Japan is giving 250 cherry trees to the U.S. to mark America's 250th birthday in 2026. Both leaders are facing political challenges at home. They discuss upgrading U.S.-Japan military relations, including exploring bolstering air defense capabilities with Australia. Japan's increased defense spending and support for Ukraine and sanctions on Russia are praised. Biden and Kishida express openness to direct talks between Japan and North Korea. Kishida will participate in a U.S.-Japan-Philippines summit to discuss China's aggressive actions in the region.
https://www.whec.com/national-world/biden-praises-prime-minister-kishidas-leadership-and-japans-growing-international-clout/

2024-02-19 05:58:26

US rivalry with China expands to biotech. Lawmakers see a failure to compete and want to act
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U.S. lawmakers are concerned about America's failure to compete with China in biotechnology, citing risks to national security and commercial interests. Bills have been introduced in the House and Senate to bar 'foreign adversary biotech companies of concern' from doing business with federally funded medical providers, specifically targeting four Chinese-owned companies. Critics argue that restrictions on Chinese companies would impede advances in biotechnology that could bring greater benefits. Supporters believe the legislation is crucial to protecting U.S. interests and securing data. Both the U.S. and China have identified biotech as a critical national interest. The Biden administration aims to advance biotechnology and maintain U.S. technological leadership, while the Chinese government plans to develop a 'national strategic technology force' in biotech. Concerns include Beijing's lack of transparency, unfair market practices, and the potential for Chinese companies to share data with the government. The legislation is part of the broader U.S.-China rivalry and the Biden administration's efforts to stabilize the relationship.
#Us #China #Biotech #NationalSecurity #CommercialInterests #Legislation
https://www.whec.com/national-world/us-rivalry-with-china-expands-to-biotech-lawmakers-see-a-failure-to-compete-and-want-to-act/

2024-01-20 03:56:23

Women and children are the main victims of the Israel-Hamas war with 16,000 killed, UN says
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According to a report by UN Women, women and children are the main victims of the Israel-Hamas war, with approximately 16,000 killed. The conflict, which has lasted over 100 days, has resulted in at least 3,000 women becoming widows and heads of households, and around 10,000 children losing their fathers. The report highlights the gender inequality and the burden on women and children, with 1.9 million displaced individuals in the territory, of which close to one million are women and girls seeking shelter and safety. Prior to the Hamas attack on October 7, 67% of all civilians killed in Gaza and the West Bank were men, while less than 14% were women. The health ministry in Gaza reports that nearly 25,000 Palestinians have been killed in the conflict, with 70% of them being women and children. In Israel, around 1,200 people were killed during the October 7 attack by Hamas that sparked the war, and approximately 250 people were taken hostage, with over 100 hostages still believed to be held captive in Gaza. UN Women has called for a humanitarian cease-fire, the immediate release of all hostages, and unrestricted humanitarian assistance to address the dire situation faced by women and girls in Gaza.
#Israel #Hamas #War #Victims #UnWomen
https://www.whec.com/national-world/women-and-children-are-the-main-victims-of-the-israel-hamas-war-with-16000-killed-un-says/