The Israel-Hamas war is now in its fifth day with Israeli officials saying at least 1200 people have been killed in the country, including 150 soldiers. President Joe Biden has confirmed at least 14 Americans are among the dead.
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Firings of federal workers begin as White House seeks to pressure Democrats in government shutdown
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
Trump suggests canceling Xi meeting and threatens more tariffs after China restricts key exports
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Fed minutes: Most officials supported further rate cuts as worries about jobs rose
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
Lack of jobs data due to government shutdown muddies view of hiring
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
Supreme Court lets Lisa Cook remain as a Federal Reserve governor for now
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
