(Reuters) -A day after asking his followers on X whether a new U.S. political party should be created, Elon Musk said on Saturday that the America Party is formed. By a factor of 2 to 1, you want a new political party and you shall have it! he said in a post on X. Today, the America Party is formed...

(Reuters) -Thailand, in its latest proposal to avert steep U.S. tariffs, is aiming to boost bilateral trade volumes with the U.S. and reduce its $46 billion trade surplus by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday. Washington has threatened to impose a 36% levy on imports from...

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A stronger-than-expected labor report just crushed any hopes that the Federal Reserve would lower rates this month—despite speculation from Wall Street and direct demands from President Donald Trump. In June, the U.S. economy added 147,000 jobs, topping forecasts, while the unemployment rate ticked down to 4.1%, according to the latest Bureau of Labor Statistics data released Friday. Those numbers make...