Tech Optimism Lifts S&P 500, Nasdaq Toward Records
Investors are looking past fears about tariffs and war in the Middle East to the growth potential of artificial intelligence.
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EU Considers Lowering Tariffs on U.S. Imports in Bid to Woo Trump
European leaders will debate what they could give up to secure a speedy trade deal.
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Powell Isn't Trump's Only Holdout Against Cuts at a Divided Fed
Should Fed governors Waller and Bowman both lodge dissenting votes against a committee decision to hold rates steady next month, the tally would show an unusual level of discord.
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Jobless claims fall to five-week low - no sign of surging layoffs
The number of people who applied for unemployment benefits last week fell to a five-week low, underscoring the reluctance of businesses to lay off workers even amid the tumult of ongoing trade wars.
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Durable-goods orders post biggest gain in 11 years, but it doesn't mean the economy is speeding up
Orders for long-lasting goods skyrocketed 16% in May to mark the biggest increase in 11 years, but the headline number was exaggerated by a flush of new Boeing contracts that masked ongoing weakness in business investment.
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Mexico Takes Over Two Small Local Banks Sanctioned by Washington
The U.S. Treasury accuses CIBanco and Intercam Banco of money laundering and facilitating payments related to fentanyl.
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Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell
Kevin Warsh, Kevin Hassett and Scott Bessent are among those under consideration as Trump evaluates their commitment to cutting rates-and "made-for-TV" appeal.
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Dollar Falls to Three-Year Low, Could Extend Losses
The greenback risks weakening further as the Federal Reserve faces mounting political pressure to cut interest rates.
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Trump Goes to Bat for Big Oil on Climate Rules in EU Trade Talks
The administration is targeting key EU greenhouse-gas regulations in trade negotiations with Europe.
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Global Grain Output Expected to Hit Record High, IGC Says
The forecast for the 2024-25 season is three million tons higher than May's estimate and mainly reflects an increase in expectations for corn crops.
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Conflict in Middle East Might Hinder Eurozone Growth, Says ECB's De Guindos
Higher energy prices as a result of the Israel-Iran conflict might weaken eurozone economic growth and thus have a damping effect on inflation, the European Central Bank's vice president said.
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U.K. Pay Growth Has Some Way to Go Before It Normalizes, Says BOE's Bailey
U.K. businesses are trimming jobs and pay in response to higher employment taxes, the head of the Bank of England said.
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China Is Still Choking Exports of Rare Earths Despite Pact With U.S.
Western companies are struggling to secure approvals for rare-earth imports from Chinese authorities, despite the U.S.-China deal.
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China's Economy Is Still Sputtering. Why Beijing May Wait on More Stimulus.
The lessened trade tensions with the U.S. has taken the pressure off China to further stimulate its economy.
(END) Dow Jones Newswires
June 26, 2025 19:00 ET (23:00 GMT)
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