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Mon, 02 Jun 2025 10:22:22 -0400[image]Stocks are lower on Monday, the first trading session of June, on renewed trade tensions.The Dow Jones Industrial Average fell 300 points, or 0.6%, while the S&P 500 and Nasdaq Composite were down 0.4% and 0.3%, respectively.China said on Monday that President Donald Trump's accusations that Beijing had violated the consensus reached in Geneva trade talks were "groundless", and promised to take forceful measures to […]

Leading a company is a significant and often difficult job. One perk of that responsibility is sizable compensation for being a CEO. A new analysis from The Wall Street Journal revealed which CEOs heading up S&P 500 companies had the biggest pay packages in 2024.The Journal said its analysis looked at MyLogIQ data to rank a total of more than 400 CEOs who had been at the helm of S&P 500 companies […]

Treasury Secretary Scott Bessent on Sunday said that the U.S. government will never default on its debt as the federal government faces a looming deadline to address the debt limit this summer.Bessent appeared on CBS News' "Face the Nation" and was asked about the tax package that Republicans in Congress are advancing, which includes a $4 trillion increase in the debt limit – enough to push the debt ceiling out roughly […]

China has accused the U.S. of undermining the trade agreement between the two countries that was established during a Geneva meeting in May.The U.S. and China announced a 90-day détente that involved reduced tariffs last month, but less than a month later, both are accusing each other of running afoul of the deal.According to a translation of the Chinese Ministry of Commerce's website, a ministry spokesperson said that after the […]