Germany is demanding a €400 billion ($456 billion) cut to the European Commission’s proposed budget of €2 trillion for 2028-2034, warning that the current plans are “unaffordable,” according to an internal government document seen by Reuters on Tuesday.
The Magnificent Seven stocks may be nearing an important turning point after a sharp June selloff. The big question now is whether buyers step in soon, or whether the decline has further to run.
Soaring stock market valuations, dramatic swings in the market value of trillion-dollar companies, and periodic sharp selloffs have fueled growing concerns that parts of the U.S. stock market may be in a bubble.
The U.S. stock market faces a gauntlet of tests to keep its rally going in the second half of 2026, from the sustainability of AI spending to a high corporate earnings bar and the outlook for interest rates under a Federal Reserve with a new chairman.
Wall Street’s main indexes were on course to close June with their strongest quarterly gains in years, highlighting the resilience of equities despite geopolitical challenges.
The arrival of President Donald Trump’s son-in-law Jared Kushner and envoy Steve Witkoff in Doha followed exchanges of fire over the weekend that tested the June 17 interim accord.
Britain said on Tuesday it could intervene in Paramount Skydance Corp’s proposed takeover of Warner Bros Discovery , potentially holding up the $110 billion deal after the U.S. and China gave it the green light.
U.S. President Donald Trump’s administration is expected to formally declare on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over proposed changes.
The U.S. Supreme Court is poised to rule on Tuesday in a Republican-led challenge to federal limits on coordinated spending between political parties and candidates, as major Republican committees head toward the November elections with a significant cash advantage over their Democratic counterparts.
It’s a contentious issue enmeshed in the nation’s culture wars.