Investors welcomed a rare respite from volatility as U.S. stock futures gained after a week that saw two of the biggest single-day percentage drops in seven years.“Futures can move around quite a bit, but what I will be watching for is a stable ‘green’ in the futures coming into tomorrow,” said Walter “Bucky” Hellwig, a…
The U.S. will post a larger budget deficit this year and could see a “spike” in interest rates as a result, but lower deficits are possible over time based on sustained economic growth from Donald Trump’s tax cuts, said Budget Director Mick Mulvaney.Mulvaney spoke on “Fox News Sunday,” a day before the White House is…
And many, including the president himself, have turned their ire on Mr. Kelly for vouching for Mr. Porter’s character and falsely asserting that he had moved aggressively to oust him once his misdeeds were discovered. For all the turmoil, Mr. Trump on Friday warmly praised Mr. Porter, saying it was a “tough time” for his…
But while questions continue to swirl about whether Mr. Kelly will survive the scandal — he offered to resign on Friday — in Ms. Hicks’ case the West Wing trotted out a host of senior officials to defend her. On Friday the lineup included Ivanka Trump, the president’s daughter and senior adviser, and Steven Mnuchin,…
One of the wildest runs in U.S. stock-market history began with the collapse of arcane bets on volatility and ended with a sober realization: The easy ride is over. After heart-stopping swings in the Dow (Down 1,000 points! Up 500 points!), a market correction is finally here. But why—and why now? Inflation, interest rates, valuations, computers,…
North Korean leader Kim Jong Un invited South Korean President Moon Jae-in to meet in Pyongyang, a dramatic gesture that may raise prospects for easing tensions on the Korean Peninsula.The invitation was verbally delivered by Kim’s sister, Kim Yo Jong, during a Saturday meeting at Moon’s presidential compound in Seoul a day after the opening…
The deal would give Mr. Trump military bragging rights. “The bottom line is that, thanks to President Trump, we can now have the strongest military we have ever had,” the White House press secretary, Sarah Huckabee Sanders, said on Wednesday. At least for now, it could put an end to the fiscal crises that Mr.…
Ms. Pelosi’s talk was quickly called the “DACA-Buster” on Twitter. (Twitter users also noted, in admiration, that Ms. Pelosi never removed her four-inch heels.) In holding the floor for more than eight hours, Ms. Pelosi took advantage of the House’s so-called magic-minute rule, which permits the majority leader, the minority leader and the House speaker…
You didn’t have to be some dad with an E*Trade account or an ex-manager for Target Corp. shorting the VIX to get burned. The smart set took its lumps in the downdraft, too.Days before the S&P 500 Index’s biggest selloff since 2015, bullishness among hedge funds specializing in stocks surged to the highest in more…
The Senate is poised to quickly pass a bipartisan budget deal Thursday that would avert a government shutdown and suspend the federal debt ceiling, but the bill faces less certain prospects in the House, where the chamber’s top Democrat and GOP conservatives are raising objections.Democratic leader Nancy Pelosi, who emphasized her opposition with an unprecedented eight-hour…
