Washington Financial News

WASHINGTON—Facing an uncertain outcome in U.S. elections in November and no clear pathway to NATO membership for his country, Ukrainian President Volodymyr Zelensky appealed Tuesday in a speech at the beginning of the alliance summit to a traditional vision of U.S. leadership.

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling

WASHINGTON—As President Biden continues to grapple with the fallout from his bad debate against former President Donald Trump, more Democrats are publicly and privately suggesting Vice President Kamala Harris is the only viable replacement if Biden were to bow out of the race. The president has insisted he will not step aside, arguing he is best positioned to defeat Trump in November. But Democrats are nonetheless weighing the possibilities ahead, including the prospect that the party might find itself scrambling to nominate a successor if Biden, 81, is unable to overcome the increased skepticism from donors, party strategists and some Democratic lawmakers over his political future.

Woodshaw Financial Group principal D.R. Barton analyzes the state of the consumer after Walmart's solid earnings report on 'Varney & Co.'

US President Barack Obama is reportedly worried about the prospects of the incumbent president after last week’s first presidential debate. According to the Washington Post, he has conveyed this to several of his aides in private. Obama believed that Biden’s re-election bid was going to be tough. Now, after the first presidential debate, he believes that it will only get tougher. He has also reached out to Biden and offered him assistance and offered to serve as a sounding board as the presidential election gets tougher. Obama also took to social media to extend his support to Biden while lashing out at Trump. Also Read: LEGO Ideas upcoming Jaws set first look revealed, all you need to know

Matthew Sigel, VanEck’s head of digital assets research, indicated that the firm’s spot Solana ETF approval depends on a new SEC chairman post the November US elections.

Top crypto industry leaders reportedly met with a senior White House official in Washington on Wednesday where they discussed their concerns about the Biden administration’s stricter crypto regulations and explored ways to improve their relationship.

Delta Air Lines has struck a deal with a start-up airline to operate flights between the United States and Saudi Arabia

trade imbalance with Russia and securing the discharge of Indians misled into fighting in the Ukraine war will be among Prime Minister Narendra Modi's priorities during talks in Moscow next week, a top official said on Friday. Modi will visit Russia on July 8-9 for talks with President Vladimir Putin as part of annual summits between New Delhi and Moscow, launched in 2000. Modi's visit coincides with the July 9-11 NATO summit in Washington at which the Ukraine war will hold centre stage, and the timing has raised questions about the signal India could be sending.

Donald Trump's potential return to the White House, more of NATO's European members are finally hitting the alliance's defence spending target. But as leaders gear up to celebrate at a NATO summit in Washington there is a clear feeling that will not be sufficient to tackle the challenges it faces. «Even in countries historically reluctant to spend more on defence, there is now a growing sense of the importance of greatly increased defence spending,» said Ian Lesser, from the German Marshall Fund of the United States think tank.

global power, US ambassador to India Eric Garcetti said in an interview. The North American country is investing locally and joining hands with allies such as India to ensure a free and open Indo-Pacific region while competing with China, he said. Pointing to the situation in Ukraine, the diplomat said the war has demonstrated to the world that developments in one region directly affect security elsewhere and partnerships around the world are crucial to addressing interconnected challenges.

India vs Zimbabwe Live Score, 2nd T20I: After suffering a shocking defeat at the hands of hosts Zimbabwe in the 1st T20 clash in Harare, Shubman Gill and Co. would be looking to stage a comeback in the 5-match series by winning the match today.

 Strategas' Jason Trennert says it is hard to not be involved in the stock market on 'Maria Bartiromo's Wall Street.'

WASHINGTON—The White House once hoped the NATO summit that opens Tuesday would showcase President Biden’s leadership of the trans-Atlantic alliance and his differences with Donald Trump. Instead it has become a pivotal test of his fitness for a second term. A solid performance during the three-day gathering of North Atlantic Treaty Organization leaders could help shore up his candidacy, reminding voters of his support for the 75-year-old military partnership that his predecessor regularly attacked.

It’s time to confront an urgent question: Am I the leader I used to be? The risk of avoiding this question is playing out in Washington right now. And while the fate of the free world might not rest on the answer for most of us, the futures of our companies and co-workers just might. If an honest assessment reveals a lost step, it might mean making small adjustments such as cutting back hours.

House Republicans have approved two bills rolling back Energy Department efficiency standards for home refrigerators and dishwashers

The Biden administration is telling emergency room doctors they must perform emergency abortions when necessary to save a pregnant woman’s health

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates

Supreme Court's ruling Monday in former President Donald Trump's 2020 election interference case makes it all but certain that the Republican will not face trial in Washington ahead of the November election. The Supreme Court did not dismiss — as Trump had wanted — the indictment alleging he illegally schemed to cling to power after he lost to President Joe Biden. But the ruling still amounts to a major victory for the presumptive Republican presidential nominee, whose legal strategy has focused on delaying the proceedings until after the election. The timing of the trial matters because if Trump defeats Biden, he could appoint an attorney general who would seek the dismissal of this case and the other federal prosecutions he faces. Or Trump could potentially order a pardon for himself.