No president had visited the Federal Reserve’s headquarters since George W. Bush attended Ben Bernanke’s swearing-in in 2006. Trump went Thursday, in a hard hat, ostensibly to inspect a renovation — and used the cameras to publicly dispute the project’s cost with the Fed chairman standing next to hi
Trump announced the deal on Truth Social Tuesday night, and the number that stood out wasn’t the tariff rate. It was the split — Japan would invest $550 billion into projects selected by the US government, and Washington, Trump wrote, would “receive 90% of the Profits.”
On Friday, Trump signed the GENIUS Act into law at a White House ceremony packed with crypto executives — the first federal law regulating stablecoins, and by design, a mechanism for manufacturing new demand for US government debt.
Over one weekend, Trump signed and posted more tariff letters than most administrations issue in a term — 30 percent on the European Union and Mexico starting August 1, layered on top of a 35 percent threat against Canada and a 50 percent threat against Brazil, delivered not through a State Departme
At The Hague on June 25, all thirty-two NATO members signed onto a target that had been unthinkable a decade earlier — 5 percent of GDP on defense and defense-related spending by 2035, more than double the 2 percent floor set in 2014 that most allies still hadn’t reached.
Brent crude fell $1.84, or 2.33 percent, to close at $77.01 a barrel on Friday. WTI dropped 1.73 percent to $73.84. Neither move waited for Trump’s actual decision on Iran — both priced the fact that he hadn’t made one yet.
The statement didn’t come from Trump’s own mouth. It came from his press secretary, reading a single paragraph to reporters on a holiday afternoon — the president would decide within two weeks whether to join Israel’s war on Iran’s nuclear program, leaving room, he said, “for potential negotiations.
The Federal Open Market Committee held its benchmark rate at 4.25 to 4.50 percent on Wednesday for the fourth straight meeting, and the vote itself carried no dissents — but the projections released alongside it showed a committee that no longer agrees on where it’s headed.
Two days of talks at Lancaster House ended late Tuesday with American and Chinese negotiators agreeing “in principle” to a framework meant to get the Geneva trade truce back on schedule — and the mechanism at the center of the deal was the one both sides had been quietly weaponizing since April: rar
On Thursday, the wealthiest partnership in Washington ended in public, in real time, on two competing social media platforms — and by the closing bell, Tesla had lost roughly $152 billion in market value, the single largest one-day wipeout in the company’s history.
On Wednesday evening, a three-judge panel at the Court of International Trade ruled unanimously that Trump’s tariffs exceeded his authority under a 1977 emergency-powers law, and permanently enjoined nearly every duty imposed since April 2.
Markets had two days to sit with a threat before they got to trade it — Trump posted on Friday that talks with the European Union were “going nowhere” and threatened a 50 percent tariff on all EU imports starting June 1, then spent the Memorial Day weekend walking it back.
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