|
U.S. runs record trade deficit in goods, despite Trump's tariffs policy The Washington PostUS trade deficit hits fresh high despite Trump's tariffs BBCUS trade deficit swells in December as imports surge Al JazeeraU.S. trade deficit totaled $901 billion in 2025, barely budging despite Trump's tariffs CNBC
|
|
White House grants ICE power to detain refugees for aggressive ‘rescreening' The GuardianLive Updates: Trump Says U.S. Will Commit $10 Billion to Board of Peace for Gaza Redevelopment The New York TimesThousands of refugees are vulnerable to ICE detention AxiosRefugees in the U.S. could be arrested under a new immigration memo NPR
|
|
A strong nor'easter could soon hit the East Coast. Here's what could happen. The Washington PostA potential nor'easter could bring significant snow to the Northeast or just a glancing blow CNNNortheastern Interstate 95 corridor bracing for potential blockbuster nor'easter snowstorm FOX WeatherNor'easter, 'blockbuster snowfall' could be brewing for weekend USA Today
|
|
Arts panel made up of Trump appointees approves his White House ballroom proposal AP NewsArts Panel Packed With Trump Allies Approves White House Ballroom Project The New York TimesTrump's White House ballroom moves one step closer to approval after fast-track vote CNNTrump-picked commission approves White House ballroom design plans NBC News
|
|
Leon Botstein, Bard College's President, Had Epstein Ties. He Is Also Seen as a Campus Savior. The New York TimesHarvard cut off donations from Epstein, but emails reveal his influence continued years later | CNN Politics CNNEditorial: Bard College needs a new president Times UnionCollege fundraising faces scrutiny after latest batch of Epstein files The Hill
|
|
JPMorgan Says Trump's $5 Billion Suit ‘Fraudulently' Includes Dimon Bloomberg.comJPMorgan Chase pushes back on Trump's $5 billion lawsuit, arguing it ‘fraudulently' includes Jamie Dimon CNNJPMorgan says Trump's lawsuit improperly named Dimon as defendant ReutersJPMorgan Hires Jones Day to Fight Trump in Miami Debanking Suit Bloomberg Law NewsTrump sues JPMorgan Chase and
|
|
Commission, packed with Trump allies, approves White House ballroom project The Washington PostArts Panel Packed With Trump Allies Approves White House Ballroom Project The New York TimesTrump's appointees on fine arts panel OK big White House ballroom PoliticoTrump-picked commission approves White House ballroom design plans NBC NewsTrump's White House ballroom mo
|
|
Tariffs paid by midsize US companies tripled last year, a JPMorganChase Institute study shows Associated Press NewsKevin Hassett says Fed researchers should be ‘disciplined' over report that Americans are paying tariffs CNNWhite House eyes punishments for economists who told the truth about tariffs, consumers MS NOWTrump administration slams New York Fed study that says US consumers bear the cost of tariffs Yahoo Finance
|
|
Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
|
|
