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The December jobs report is due out Friday. What it’s expected to show

A “Now Hiring” sign at a Cookout fast-food restaurant in Durham, North Carolina, Nov. 25, 2025. Al Drago | Getty Images The U.S. labor market likely showed modest improvement in December, providing some encouragement for the year ahead but nothing to get too excited about. Nonfarm payrolls likely rose by 73,000 last month while the […]

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Europe-US relations at their ‘lowest moment’: former European Commission president

U.S. President Donald Trump (R) listens as NATO Secretary General Mark Rutte speaks during a bilateral meeting on the sidelines of the World Economic Forum (WEF) Annual Meeting on Jan. 21, 2026 in Davos, Switzerland. Chip Somodevilla | Getty Images Europe and U.S. relations are facing their “lowest moment” since NATO came into being, former

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Global central bankers defend Fed Chair Jerome Powell

Jerome Powell, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Wednesday, Dec. 10, 2025. Bloomberg | Bloomberg | Getty Images Global central bankers issued a statement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a criminal investigation

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Carney says Canada not pursuing free trade deal with China as Trump threatens 100% tariffs

Mark Carney, Canada’s prime minister, after speaking in Quebec City, Quebec, Canada, on Thursday, Jan. 22, 2026. Bloomberg | Bloomberg | Getty Images Canada has “no intention” of pursuing a free trade deal with China, Prime Minister Mark Carney said, after U.S. President Donald Trump threatened to slap punitive tariffs on Ottawa. Speaking to reporters

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China’s annual trade surplus hits a record $1.2 trillion as December exports beat

QINGDAO, CHINA – JANUARY 13, 2026 – The cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on January 13, 2026. Cfoto | Future Publishing | Getty Images China’s exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high, while

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