In today’s newsletter: California Governor Gavin Newsom’s fiery response to the White House’s troop deployment in Los Angeles. What May’s inflation numbers say about tariffs and the challenges facing the U.S. men’s national team at the 2026 World Cup.

The S&P 500 posted a 0.27% decline on Wednesday as investors weighed Trump’s scant-on-details trade deal with China as well as an inflation report that outperformed analysts’ expectations. The stock markets dropped on Wednesday despite a seemingly positive development in the trade war between the U.

Shoppers vote with their wallets – and even those who supported President Trump are having a tough time swallowing prices that are surging because of his trade war, The Post has learned. Omar — a Los Angeles-based long-haul truck driver who spoke to The Post on the condition his last name not be given — said he convinced his wife,

Inflation broadly held steady in May — and by some measures cooled unexpectedly — as price growth data showed few signs of President Donald Trump’s tariffs hitting the consumer economy

Inflation holds steady as data shows how prices are faring after Trump’s ‘Liberation Day’ tariffs - May’s consumer price index captures the period after President Donald Trump unveiled his ‘Liberation

US inflation rose in line with forecasts in May, although so-called “core inflation” came in lower than expected as the effects of President Trump’s tariffs still have yet to significantly boost consumer prices.

Treasury Secretary Scott Bessent credited President Donald Trump's policies for recent progress in reducing inflation on Wednesday in his prepared testimony to the House Ways & Means Committee.

More: Trump says trade deal with China is 'done;' aides tout 'framework' deal. Economic news. The May inflation reading reflected the first full month of price data since Trump an

The president gave an optimistic speech promising to bring down inflation, as potential buyers are hoping it will bring mortgage relief.