Traders now price in a nearly 25% chance of the Fed cutting rates in July, compared with 12.5% last week, according to CME Group’s FedWatch tool.
Read More S&P 500, Nasdaq near record highs as rate-cut bets creep upTag: European Commission
Trump threatens 50% tariffs on EU imports: ‘Very difficult to deal with’
President Donald Trump on Friday threatened to impose a 50% tariff on all European Union (EU) products starting on June 1st, explaining that Europe has been “very difficult to deal with.”
Read More Trump threatens 50% tariffs on EU imports: ‘Very difficult to deal with’Trump: Russia and Ukraine to begin ceasefire talks ‘immediately’ following 2-hour call with Putin
President Donald Trump announced on Monday that Russia and Ukraine are “immediately” going to begin ceasefire negotiations — following a two hour long phone call with Russian President Vladimir Putin.
Read More Trump: Russia and Ukraine to begin ceasefire talks ‘immediately’ following 2-hour call with PutinApple, Meta fined as EU presses ahead with tech probes
Apple and Meta were fined as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
Read More Apple, Meta fined as EU presses ahead with tech probesMusk Advocates For ‘Zero Tariff Situation’ Between Europe And US
Trump advisor Elon Musk advocated for free trade between the United States and Europe in hopes that both sides can eliminate the need for tariffs while growing economic ties.
Read More Musk Advocates For ‘Zero Tariff Situation’ Between Europe And USEU Imposes Almost $28B In Counter-Tariffs As Trump’s Steel And Aluminum Tariffs Begin
The European Union has retaliated with its own tariffs in response to President Donald Trump’s 25% tariffs on steel and aluminum products that took effect Wednesday.
Read More EU Imposes Almost $28B In Counter-Tariffs As Trump’s Steel And Aluminum Tariffs Begin