Washington Financial News

Investing.com — The S&P 500 slumped to a more than three-month low Tuesday, as weaker consumer confidence data fueled worry about the economy just as consumers face higher for longer interest rates and inflation that could rein in spending.

Simplify Asset Management's Mike Green discusses the state of the economy on 'Making Money with Charles Payne.'

BERLIN (Reuters) — The United States hopes Europe will take similar measures to its Inflation Reduction Act to drive a «race to the top» on support for green technologies, a senior U.S. official said in Berlin on Tuesday ahead of economic talks with German counterparts.

By Lucia Mutikani

By Diane Bartz

By David Shepardson

The American consumer is feeling less confident this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period

President Joe Biden’s decision to stand alongside United Auto Workers pickets in Michigan during their strike against major carmakers underscores an allegiance to labor unions that appears to be unparalleled in presidential history

WASHINGTON (Reuters) -The United States has added three Chinese companies to the forced labor entity list involving Uyghurs, according to a government posting on Tuesday, as part of an effort to eliminate forced labor practices the U.S. supply chain.

AmeriVet Securities head of U.S. rates Gregory Faranello on the Fed pausing rate hikes, his outlook for the market and the UAW strike.  

Army chiefs and senior officers from 30 countries including the United States met in India Tuesday to discuss threats facing the Asia-Pacific region, in the face of concern at an increasingly assertive China. US Army chief Randy George said the region was «critically important», speaking to reporters alongside his Indian counterpart Manoj Pande, and vowed to boost cooperation to «maintain a free and open Indo-Pacific». Generals from Japan and Australia, which make up the «Quad» defence cooperation forum alongside Washington and New Delhi, also took part, as did Britain and France. As the generals met, China's Foreign Minister Wang Yi said that Beijing would oppose the «wanton expansion of military alliances», the latest in a string of warnings as Washington deepens security ties in the Asia-Pacific. Beijing has long said that any effort to establish a NATO-like military alliance in the Asia-Pacific would provoke conflict. Nations present at the two-day conference in New Delhi included Vietnam and the Philippines, both of which have longstanding pending territorial disputes with China. The conference, which launched in 1999, brings together army chiefs and top officers from 30 countries. India's Pande said the region faced challenges on both land and at sea. «These range from territorial disputes over land masses, or in some cases, even over artificially expanded islands to acquire real estate and establish military bases,» Pande added, in an indirect reference to China. India has also had to balance its traditional alliance with Russia — the provider of most of its arms imports, and now a source of cut-price oil — with growing ties to Washington. «The partnership between India and the US armies is vital for

Google’s path to dominating online search included hardball tactics with Apple and Samsung Electronics, two partners key to making its search engine the default choice on most smartphones worldwide. Details of the company’s strategies are spilling out into public view as part of a landmark antimonopoly trial that began this month in Washington, D.C. The case has provided a rare glimpse into how Google cemented its status as a major gateway to the internet, a position the Justice Department says it has maintained through illegal, restrictive agreements.

By Nandita Bose, Nathan Layne and Jarrett Renshaw

By David Shepardson

China is willing to play a «constructive» role in the success of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, its top diplomat said on Tuesday, after President Xi Jinping's absence at the annual Group of 20 summit in India. «As the world's largest developing country and an important member of APEC, China is willing to comply with the expectations of the international community and play a constructive role in the success of APEC this year,» said Chinese Foreign Minister Wang Yi. Xi, with no official explanation, did not go to the G20 summit in New Delhi this month, with the Chinese premier, Li Qiang, attending in his place. That prompted the United States to say China was «giving up» on the G20 and was building an alternative world order. «Of course, we and all parties hope that the United States will recognise its responsibility as the host, demonstrate openness, fairness, inclusiveness, and responsibility, and create better conditions for the smooth holding of the meeting,» Wang said at a news conference, when asked whether Xi would attend APEC. Dialogue between China and the United States has been gradually resuming despite tensions between the two superpowers, especially over Taiwan.

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

(Reuters) — Moscow and Washington have accused each other of destabilising the South Caucuses region, as thousands of ethnic Armenians fled their homes in Nagorno-Karabakh over ethnic cleansing fears.

Canadian Prime Minister Justin Trudeau’s “credible allegations" over Indian involvement in the killing of Pak trained Khalistani terrorist Hardeep Nijjar in June. While New Delhi is still waiting for Canada to provide legal evidence linking India to Khalistan Tiger Force chief Nijar’s killing, it is quite evident that Trudeau’s Sikh politics will not allow him to back down on the issue.

Investing.com — Stocks wobbled in trading on Monday, as investors tried to close out the quarter and month on a positive note despite last week's news that the Federal Reserve sees interest rates staying higher for longer.

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By David Lawder