Oil climbs over $1/bbl on U.S.-China trade deal hopes, Mideast tension
Oil prices rose more than $1 a barrel on Tuesday after news that China and the United States were rekindling trade talks ahead of a meeting at the G20 summit later this month, spurring hopes that the two countries would resolve an ongoing trade war.
Wall St. rises as mood on trade again turns optimistic, nears record high
Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year.
White House considered demoting Fed's Powell: report
Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship and demoting him to be just one of as many as seven governors of the U.S. central bank, according to a report from Bloomberg News published on Tuesday.