Treasury Secretary Scott Bessent said President Trump inherited an inflation mess and is fixing it with policies that will ease price increases and raise wages.
Consumer sentiment is falling and tariffs will increase some gift prices this holiday season, but retailers don't expect it to ruin Christmas, with shoppers poised to spend north of $1 trillion.
Yemen's Houthi rebels are signaling they've stopped their attacks against Israel and shipping in the Red Sea as a shaky ceasefire holds in the Gaza Strip.
Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier.
The Senate on Monday night passed a spending package to reopen the government through at least January, after Republicans won a figurative staring contest over an unrelated extension of enhanced Obamacare premium subsidies.
President Trump said Monday he is eyeing plans to lower tariffs on countries like India and Switzerland, citing progress in negotiations, even as the Supreme Court considers a case that could upend his trade agenda.
The Supreme Court on Monday asked the Trump administration to decide whether it still wants to pursue an appeal that would block payment of some food stamp benefits while the government shutdown continues.
About 100 Bangladeshi workers who were employed by Malaysian companies rallied Monday to demand unpaid wages, fair compensation and an end to alleged abuse by Malaysian employers.