The Interchange

Senate Democrats block a Republican stopgap funding bill, moving the U.S. closer to a federal government shutdown. The impasse leaves short-term spending unresolved and raises immediate uncertainty for agencies that depend on annual appropriations.

Donald Trump cites progress with Xi Jinping and plans to meet him at the APEC summit. The planned engagement maintains high-level contact between U.S. and Chinese leaders during a regional economic forum.

Porsche and Volkswagen lower their 2025 forecasts, attributing the change to a pullback from electric vehicles. The shift reflects tempered expectations for EV demand and prompts revised outlooks at both automakers.

FedEx reports higher revenue and net income for the first quarter of fiscal 2026. The performance marks an early fiscal-year uptick for the logistics carrier.

Canada and Mexico lay out an action plan ahead of the scheduled USMCA review. The coordination sets priorities before the trade pact’s assessment and outlines steps the two partners intend to advance.