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President Trump’s tax bill, which passed a crucial vote in the House in May, extends the cuts from his previous term.

Trump and Warren both argue that the debt ceiling is too dangerous to leave as a political bargaining chip, as delays and confrontations over its increase can threaten economic stability.

According to the Financial Times, the hesitation by Chinese regulators stems from U.S.-China political friction, driven by President Donald Trump’s tariff threats and nationalist rhetoric targeting Chinese tech.

Wall Street's two-day rally lost momentum Wednesday as investors reassessed the economic outlook after weak job numbers and a surprise contraction in the U.S. services sector cast fresh doubt over the strength of the economy.

According to ABC News, the Tesla and SpaceX CEO has privately objected to the Trump administration’s proposed rollback of electric vehicle tax credits – a move that could disproportionately harm Tesla.

The firm reported a 5.4% rise in same-store net sales driven by a 2.5% increase in traffic and a 2.8% increase in average ticket.

In his directive, President Trump said the new 50% tariffs will provide greater support to the U.S. steel industry.

The ISM Services PMI fell below 50 in May, signaling contraction, while prices surged to their highest level since 2022.

Maros Sefcovic urged the U.S. and EU to come together to address problems of overcapacity, while the Trump administration said the steel tariff hike to 50% from 25% was needed for national security reasons.

ADP’s jobs report showed private employers added just 37,000 jobs in May, down from 60,000 in April.

Shares of CoreWeave surged 6.99% in premarket following its major long-term infrastructure agreement with Applied Digital Corp.

Private-sector job growth in U.S. plunges to 2-year low, increasing concerns about trade tensions and Trump's pressure on Fed to cut rates.

While Dow Jones futures were up 0.11% at the time of writing, the S&P 500 futures rose 0.14%.

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Fundstrat's Tom Lee calls current market advance one of the "most hated" V-shaped rallies ever, with substantial upside risk from elevated cash positions and rising short interest.

April's better-than-expected job openings data hinted that businesses were looking past the tariff-induced tensions.

The president flagged a pushback last Friday when he said China had “totally violated its agreement with us,” without giving details of the nature of the violations.

U.S. stock futures were flat on Wednesday after advancing for two days on Tuesday. Futures of benchmark indices advanced in premarket.

According to a report, $8.3 billion of the cuts will be from foreign aid, and $1.1 billion will be taken away from the Corporation for Public Broadcasting.

Bill Ackman is advocating for Fannie Mae and Freddie Mac to exit federal conservatorship, a status they've held since the 2008.

As the U.S. Dollar Index tumbles nearly 8.5% in 2025, it's on track for the worst performance in over 30 years.

He said Trump was distorting pretty much everything, especially with his tariffs and his jingoistic approach to the rest of the world.