Markets cheer tariff reprieve, Republican budget proposal includes funding cuts to Medicaid, Tesla worth $1 trillion, more news to start your day.

The broader market indexes soared on Monday, May 12, in response to news that the U.S. and China would pause their reciprocal tariffs on most goods for 90 days -- a move that built on the momentum from the trade deal framework that the U.S. and U.K. revealed at the end of last week.

President Trump’s first 100 days in office have been marked by economic disruption and uncertainty in the stock market. The S&P 500 index fell around 8% during this period, its worst performance since 1974.

Rep. Jared Moskowitz bought tens of thousands of dollars in stock in 20 different companies just two days before Trump announced a tariff pause.

The stock markets are soaring, but will President Donald Trump also enjoy a political payoff in public opinion polling in the wake of a tariff truce with China?

President Trump is resetting on tariffs after almost six weeks of turmoil that threatened to upend his second term. A Monday announcement that the United States and China had come to an agreement

President Donald Trump's reinstated trade policies are expected to ... It suggests that future stock—after the July tariff expansion—will likely carry higher costs, making early purchases financially advantageous.

Walmart stock is trading near a buy point ahead of its Q1 2026 results early Thursday. The Dow Jones retailer will likely shed some light on the impact that evolving tariffs will have on both operations and consumers.

President Donald Trump’s tariff policies are projected to cut California’s tax revenue by $16 billion in the next fiscal year, Governor Gavin Newsom’s finance department said in a memo. The 4% drop in revenue from a previous estimate is largely due to a stock market downturn last month after the president announced his sweeping tariff campaign on April 2,