Sen. Elizabeth Warren and Sen. Adam Schiff asked the SEC to investigate Trump Media’s planned Truth API, which would sell rapid access to influential Truth Social posts, including President Trump’s. Trump Media defended the product as based on publicly available information.
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Trump is expected to announce a $22 billion rebuild of Dulles International Airport, including new terminals and the removal of its aging mobile lounges. The plan would expand underground transit and comes after years of complaints about the airport’s facilities and shuttle system.
Federal Reserve policymakers are expected to hold interest rates steady Wednesday, though markets see a possible hike as inflation remains above target. Energy prices, tariffs and AI-related demand are complicating the central bank’s outlook.
FIFA wants to create a new company to manage World Cup commercial rights and sell minority stakes to private investors. UEFA and Concacaf criticized the proposal, citing transparency and governance concerns.
Chip and memory stocks fell sharply worldwide as investors weighed China’s chipmaking progress, AI data center spending and financing risks. The Nasdaq-100 briefly entered correction territory, while Apple topped a $5 trillion market value.
Oil prices fell sharply Monday after the U.S. and Iran paused attacks to allow room for diplomacy. The decline followed renewed fears over disruptions to the Strait of Hormuz and Red Sea shipping routes.
Two small U.S. businesses sued the Trump administration over a new round of tariffs imposed under Section 301 of the Trade Act. The lawsuit says the duties are arbitrary and lack the country-specific findings required to justify them.
The Trump administration has imposed a 12.5% tariff on many Australian exports, citing forced-labour concerns. Australia rejected the claim and said the tariffs are unjustified and inconsistent with its free-trade agreement with the US.