U.S. interest rate futures on Friday increased the chances that the Federal Reserve will raise interest rates by the December policy meeting after a blockbuster payrolls number for May, which sharply exceeded market expectations.
The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year, and potentially giving the Federal Reserve more room to keep interest rates unchanged amid rising inflation stemming from the war with Iran.
The U.S. Supreme Court in a pair of rulings backing the power of federal agencies has reaffirmed limits it previously imposed on government regulators but rejected bids by challengers to push those constraints into new territory.
Seven Republicans in the U.S. Senate on Friday joined Democrats to block debate on reauthorization of an expiring foreign surveillance law.
A year ago, Ryan Tseng, the head of U.S. defense tech startup Shield AI, announced his company had turned a new page.
U.S. President Donald Trump’s administration will ask an appeals court on Friday to allow construction of a $400 million ballroom on the site of the White House’s demolished East Wing, pitting Trump against preservationists in a case testing the limits of presidential authority.
U.S. President Donald Trump will travel on Friday to central Wisconsin where his Republican Party hopes to hold on to a congressional seat in this year’s midterm elections.
Benjamin Netanyahu has long portrayed himself to the Israeli public as being uniquely adept in dealing with Donald Trump, capable of winning and sustaining the U.S. president’s backing.
The Kennedy Center in Washington on Thursday ordered staff to remove President Donald Trump’s name from the institution to comply with a federal court ruling, according to two people familiar with the directive.
Chinese companies that helped build Indonesia’s nickel industry into the world’s dominant producer are looking as far afield as Africa for longer-term alternatives as rising policy pressure tests the investment model that reshaped global supply.