Your Pulse On America: Live And Unfiltered
How much should I save in an emergency fund? Vanguard, the big mutual fund company, suggests setting aside $2,000, or half of one month’s expenses, whichever is greater, as a buffer to cover unexpected but common “shocks,” like a car or home repair or medical bill. Then, to protect against a possible job loss, it…
Top economic officials from the United States and China are poised to meet in Geneva on Saturday for high-stakes negotiations that could determine the fate of a global economy that has been jolted by President Trump’s trade war. The meetings, scheduled to continue on Sunday, will be the first since Mr. Trump ratcheted up tariffs…
The Trump administration has started an investigation into the import of commercial aircraft, jet engines and related parts that could lead to new tariffs on top of the many it has already put in place. According to a federal notice posted online on Friday, the commerce secretary, Howard Lutnick, started the investigation on May 1…
More than 20 times during a roughly 45-minute news conference on Wednesday, Jerome H. Powell, the chair of the Federal Reserve, referenced the idea of waiting to see how President Trump’s policies would ripple through the economy before taking any action on interest rates. Mr. Powell, who spoke after the Fed opted to extend a…
Beneath the grand chandeliers of the International Ballroom at the Beverly Hilton Hotel, at rooftop bars and at private parties at billionaires’ mansions, there was a mix of emotions among the financial titans gathered in Los Angeles this week. Many of the thousands of attendees at the Milken Institute Global Conference — a who’s who…
Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising prices. Mattel is shifting production out of China. Evidence for the economic impact of President Trump’s trade wars is everywhere — except, for the most part, in economic data itself. Consumer spending hasn’t…
The Federal Reserve is set to extend its pause on interest rate cuts on Wednesday amid concerns that President Trump’s tariffs will unleash fresh inflationary pressures while also hurting growth, a tricky combination that could lead to painful trade-offs for the central bank. A decision to stand pat would keep interest rates at 4.25 percent…
An Israeli spyware company is ordered to pay Meta $167 million. A federal jury in California awarded Meta damages from the NSO Group, whose Pegasus software was used to hack 1,400 WhatsApp accounts belonging to journalists, human-rights activists and government officials. NSO plans to appeal, but the company has already been blacklisted by the U.S….
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting about trade between the United States and China since President Trump raised tariffs on Chinese imports to triple-digit levels last month. Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, plan…
Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp up investment in the United States, defending an economic agenda that economists warn will slow economic growth and exacerbate inflation. Speaking to executives, entrepreneurs and policymakers, Mr. Bessent argued that the Trump administration’s economic plans go…