Business
Trump’s trade chief says ‘deal’s a deal’ for economies with capped US tariffs
The White House late Tuesday announced a proposal to hit 60 economies with import taxes of at least 10%, following a so-called Section 301 investigation into how trade partners handle goods allegedly produced by forced labor. That’s caused uncertainty for some trading partners including the EU, which hammered out an agreement on tariffs almost a year ago in Turnberry, Scotland.
“We understand that a deal is a deal,” Jamieson Greer, the US trade representative, told reporters Thursday at the OECD in Paris when asked about the EU agreement. “We want to make sure that we are able to resolve the trading practices that are identified as problematic in our investigations and we’re going to take into account the Turnberry deal, of course.”
He added, “we believe that there’s room to accommodate that deal within the context of what we’re doing, provided that the European Union delivers on the Turnberry deal.”
The EU and US agreed to a free-trade deal in July that would see the bloc erase levies on US industrial goods in exchange for a 15% tariff ceiling on its exports. Trump has threatened to raise tariffs on European cars to 25% if the deal isn’t ratified by July 4.
The EU’s trade chief, Maros Sefcovic, repeated Greer’s language that a deal is a deal.
Business
Trinity Capital: Continued Strength Following Q1 Earnings (NASDAQ:TRIN)
Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of TRIN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Messi Hits Milestone as Defending Champions Open Campaign
KANSAS CITY — Argentina will begin their defense of the 2026 World Cup title against Algeria on Wednesday in a Group J opener at Children’s Mercy Park, with Lionel Messi set to mark his 200th international appearance as the Albiceleste seek to become just the third nation to retain the global crown.
The reigning champions enter the tournament as favorites in a competitive group that also includes Austria and Jordan. Coach Lionel Scaloni’s side has maintained an impressive run of form, topping CONMEBOL qualifying with 12 wins in 18 matches and scoring consistently in recent friendlies. A victory against Algeria would set a strong tone for their campaign, building on their successful 2022 triumph in Qatar.
Algeria returns to the World Cup for the first time since 2014, bringing technical quality and tactical organization that could challenge the South Americans. The Fennec Foxes topped their CAF qualifying group with only one defeat and have shown defensive solidity in recent outings. A positive result in Kansas City would mark a significant achievement for Vladimir Petkovic’s squad in their tournament debut.
Team News and Lineup Expectations
Argentina will be without left-back Nicolas Tagliafico due to a calf strain suffered in a recent friendly against Honduras. Facundo Medina or Valentin Barco are expected to fill the role. Leandro Paredes and Nicolas Gonzalez are likely to be available after minor muscular issues, while goalkeeper Emiliano Martinez has been cleared following a finger injury.
Messi, recovering from a hamstring concern, is set to captain the side in his historic 200th cap, becoming the first player to appear in six different World Cups. The 39-year-old forward remains central to Argentina’s attacking plans, with Lautaro Martinez expected to lead the line alongside him.
Predicted Argentina XI: E. Martinez; Molina, Otamendi, Li. Martinez, Medina; De Paul, Fernandez, Mac Allister, Almada; Messi, La. Martinez.
For Algeria, left-back Ramy Bensebaini is sidelined with an ankle injury, with Samir Chergui and Zineddine Belaid competing to replace him. Amine Gouiri returns after missing recent AFCON action due to a shoulder problem, while Mohammed Amoura provides attacking support after netting 10 goals in qualifying. Veteran winger Riyad Mahrez will captain the side.
Predicted Algeria XI: Zidane; Belghali, Mandi, Chergui, Ait-Nouri; Bentaleb, Boudaoui; Mahrez, Maza, Amoura; Gouiri.
Form and Tactical Outlook
Argentina have been in exceptional form, winning their last seven matches and scoring 21 goals during that streak. They enter as the world’s top-ranked team and have a strong record against African opposition, winning their last six encounters. Scaloni’s side blends experienced leaders with emerging talent, creating a balanced and dangerous unit capable of controlling matches through possession and quick transitions.
Algeria have shown strong organization and defensive discipline under Petkovic. They secured impressive victories over the Netherlands and Bolivia in preparation and have conceded just twice in their last six matches. Their possession-based approach could test Argentina’s midfield, while counterattacking threats from Mahrez and Amoura pose dangers on the break.
The match is expected to be competitive, with Argentina favored but Algeria capable of causing problems through tactical discipline and set-piece execution. Referee Szymon Marciniak of Poland will officiate, adding experienced leadership to what promises to be an intense Group J encounter.
Historical Context and Significance
Argentina’s bid to retain the World Cup would make them only the third team to achieve back-to-back titles, following Italy and Brazil. Their path through a challenging group will test their depth and adaptability, with Messi’s milestone adding emotional weight to the campaign.
Algeria’s return to the global stage after a 12-year absence carries huge significance for African football. A strong showing against the defending champions could boost confidence for their remaining matches and highlight the growing competitiveness of CAF nations on the world stage.
The last meeting between the sides came in a 2007 friendly, where Argentina won 4-3 in a high-scoring affair. Wednesday’s encounter is likely to be more tactical, with both teams prioritizing a solid start to the group phase.
Venue and Atmosphere
Children’s Mercy Park in Kansas City will host the match, providing a modern and passionate environment for what is expected to be a well-attended fixture. The venue has a reputation for creating an electric atmosphere, and with significant Algerian and Argentine diaspora communities in the United States, the stands should reflect strong support for both sides.
The timing of the 02:00 BST kick-off adds an early morning challenge for European viewers but ensures prime exposure for audiences in the Americas. Broadcast coverage will be available on major networks, with ITV1 in the UK and Fox Sports in the United States.
How to Watch and Key Match Facts
Fans in the UK can watch live on ITV1, while viewers in the United States can tune in on Fox Sports. Global streaming options will also be available through official FIFA partners.
Key facts to watch include Messi’s influence on the game, Algeria’s ability to maintain defensive structure against Argentina’s attacking flair, and the physical condition of both squads after varying preparation periods. Set pieces and transitions could prove decisive in what promises to be a tactically rich encounter.
What’s at Stake
A win for Argentina would send a strong message to the rest of Group J and establish them as early frontrunners. For Algeria, earning a point or more against the defending champions would represent a significant achievement and boost their chances of advancing from the group stage.
Both teams understand the importance of a strong start in a tournament where momentum can be decisive. The match offers a fascinating clash between established excellence and determined challengers, embodying the spirit of the expanded 2026 World Cup.
As the tournament unfolds, this Group J opener could set the tone for exciting battles ahead. Argentina’s quest for back-to-back titles and Algeria’s return to the global stage create a compelling narrative that football fans worldwide will be eager to follow. The stage is set in Kansas City for what should be a memorable encounter between two proud footballing nations.
Business
Fed expected to hold rates steady as inflation hits highest since 2023
UBS managing director and senior portfolio manager Jason Katz joins Varney & Co. to discuss the rotation and rally in the markets and his concern over the Feds next move regarding rates.
The Federal Reserve is expected to hold rates steady following its monetary policy meeting this week amid the rise in inflation, while newly minted Chairman Kevin Warsh is set to hold his first post-meeting press conference.
Inflation was already elevated before the Iran war jolted energy prices higher, which has in turn contributed to key inflation measures moving further away from the Fed’s 2% target. The consumer price index (CPI) rose to 4.2% in May, which was the highest level since April 2023.
That inflationary trend has prompted the market to effectively rule out an interest rate cut at this week’s meeting of the Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy decisions.
Warsh’s debut at the FOMC’s post-announcement press conference will be watched closely for signs of how policymakers view the path ahead for the economy and monetary policy, with the outlook for possible interest rate cuts this year appearing dim.
INFLATION IS SQUEEZING AMERICAN CONSUMERS AND THE FED’S LATEST REPORT SHOWS IT’S GETTING WORSE

Federal Reserve Chair Kevin Warsh will host his first post-meeting press conference on Wednesday. (Graeme Sloan/Bloomberg via Getty Images)
The CME FedWatch tool shows a 98.4% probability that the Fed will leave the benchmark federal funds rate unchanged at its current target range of 3.5% to 3.75% this week. It also shows a 42.7% chance that rates remain at that level through the December meeting, narrowly ahead of a 25-basis-point cut at that time.
“While Warsh is generally perceived as dovish, he will inherit a Committee that has become noticeably more hawkish,” said EY-Parthenon chief economist Gregory Daco. “Several policymakers have recently argued that rate hikes should remain an option if inflation remains above target, and concerns around energy-driven inflation pressures have only reinforced that bias.”
JPMorgan economists led by Michael Feroli wrote that they think that given the inflation backdrop and the labor market looking stronger, the FOMC “should drop the easing bias from the post-meeting statement, replacing it with either a neutral sentence or no forward guidance at all.”
AMERICANS GROW MORE PESSIMISTIC ABOUT FINANCES AS RENT AND FOOD COST FEARS SURGE, FED SAYS

President Donald Trump nominated Warsh to be Powell’s successor as Fed chair. (Anna Moneymaker/Getty Images)
Fed watchers will also be on the lookout for signals about possible institutional changes at the central bank in terms of its communications and projections.
Daco said that the summary of economic projections (SEP or “dot plot”) released by the Fed are likely to garner more attention than usual, given that “Warsh has repeatedly expressed skepticism toward the usefulness of economic forecasts and the dot plot of median rate expectations.”
“While we still expect the SEP and dot plot to be published in June, we would not be surprised if Warsh declined to submit his own projections. Such a decision would be largely symbolic, but it would reinforce his broader view that policymakers should place less emphasis on forecasts and more emphasis on incoming economic data,” Daco added.
KEVIN WARSH SWORN IN AS FEDERAL RESERVE CHAIR

Former Fed Chair Jerome Powell remains a member of the central bank’s Board of Governors and of the FOMC after his chairmanship ended in May. (Amanda Andrade-Rhoades/Reuters)
Goldman Sachs economists led by Jan Hatzius and David Mericle noted the questions around whether the SEP would continue to be published and said that they don’t expect major changes in the near term.
“The FOMC just had a lengthy review of its communication practices last year in its framework review and was unable to agree on any changes,” they wrote.
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The JPMorgan economists said that while Warsh has promised “regime change” at the Fed and is likely to face questions about that, he has also “always been somewhat vague about what that would entail, and at this early stage we expect he will say he has initiated a review but will avoid giving specifics.”
Business
The xAI Trojan Horse Inside SpaceX's IPO
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Business
Hartman steps in to run Force after CEO departure
Tattarang chief executive John Hartman will lead the Western Force following the departure of Niamh O’Connor, placing the head of Andrew Forrest’s private investment group at the centre of one of WA rugby’s most significant transitions.
Business
Why is Huber+Suhner stock sliding today?

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Business
Why This AI Data Center Stock Is Surging 21% on an AMD Parternship
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Business
Lanxess Still Muddling Through A Painful Multiyear Cyclical Trough
Lanxess Still Muddling Through A Painful Multiyear Cyclical Trough
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How the Iran war affects your money and bills
The conflict in the Middle East has increased pressure on the cost of petrol, household energy bills and even food.
Business
Funds available to help with back-to-school costs
Applications open for funding to help families with the cost of school essentials.
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