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President Trump’s forceful anti-China speech Friday was the latest volley in a deepening conflict between the U.S. and China that have brought relations to possibly the lowest point since the normalization in 1979 and could serve as a prelude to Sino-American disputes taking center stage for markets once again, investors and analysts say. See full story.
Record rise in unemployment casts a shadow over Trump’s re-election bid
If Americans vote their pocketbooks this November, it could be the end of Donald Trump’s short political career. See full story.
The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs
For every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research shows. See full story.
Potential Biden running mate Klobuchar denounces reports she once declined to prosecute officer in Floyd death: ‘It is a lie’
Democratic Sen. Amy Klobuchar of Minnesota, a potential running mate for Joe Biden, is pushing back against reports that she declined years ago to prosecute Derek Chauvin, the Minneapolis police officer involved in George Floyd’s death. See full story.
Why the stock market is due for ‘consolidation’ as Trump takes aim at China
After a sharp run-up for U.S. stocks, rising tensions between Washington and Beijing could spark a round of near-term consolidation that could prove to be an entry point for investors, a prominent Wall Street bull said Friday. See full story.
MARKETWATCH PERSONAL FINANCE
Also, COVID-19 and creative accounting, stimulus debit cards and how early retirees are handling the coronavirus crisis. See full story.
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