foxbusiness.com / .foxbusiness-com-politics / Page 5

President Donald Trump doubled down on his plan to carry out a $20 billion currency swap with Argentina during a bilateral lunch with the South American leader.

Fed Chair Jerome Powell told economists that the sluggish labor market and tariff-induced inflation are persisting as government shutdown delays official employment reports.

GM announced a $1.6 billion third-quarter charge as it revamps its electric vehicle strategy following the end of federal EV tax credits under the Trump administration.

Traders on Kalshi and Polymarket are betting the federal government shutdown will extend into next month, with 65% expecting it to last until Oct. 31.

American soybean growers across the Midwest are warning of another tough year as China's trade freeze cuts off their largest export market and production costs soar.

JPMorgan Chase CEO Jamie Dimon said the $1.5 trillion Security and Resilience Initiative to invest in strategic industries like defense and energy to boost U.S. and global security.

Nvidia CEO Jensen Huang sent a letter to staff expressing gratitude after Avinatan Or, an Israeli employee, was released from Hamas captivity following a U.S.-brokered ceasefire deal.

Treasury Secretary Scott Bessent says U.S.-China communications have improved despite Beijing's combative response to recent American trade restrictions and sanctions.

The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier this year for their 2024 tax returns.

The ongoing government shutdown showed little impact on consumer sentiment in October University of Michigan survey, though economists expect final data to show a decline.