Nick Rummell

New Jersey

Reporter at Courthouse News Service

Freelance writer, reporter for Courthouse News, dad, husband, human

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Articles

Muted NJ governor primary race sets stage for loud general election

3 weeks ago | courthousenews.com | Nick Rummell

TRENTON, N.J. (CN) — In the race for who becomes New Jersey’s next governor, a crowded field shows fractured Democratic apparatus and Republican reliance on President Trump’s endorsement. “We have a free-for-all in a way we haven’t had for decades in New Jersey,” said Dan Cassino, professor of government and politics at Fairleigh Dickinson University.
Markets notch more gains as tariff seesaw continues

4 weeks ago | courthousenews.com | Nick Rummell

MANHATTAN (CN) — Investors remained bullish this week despite new concerns in various trade wars, buoyed by positive sentiment and inflation data. Bullish investors have been making so-called TACO trades — a term used by some on Wall Street meaning “Trump Always Chickens Out” on tariff threats — which has led to markets continuing to edge up this week. Investment strategy has been muddled by tariff threats, tariff suspensions and court orders both blocking and allowing blanket tariffs.
Markets turn south again on tariff tug-of-war, budget concerns

1 month ago | courthousenews.com | Nick Rummell

Forecasting short-term gain but long-term deficit pain from President Trump’s proposed budget bill, Wall Street suffered losses as renewed tariff threats cloud markets. MANHATTAN (CN) — After weeks of regaining lost ground, markets again soured on rekindled tariff concerns, a federal budget that could increase deficits, and a downgrade to the United States' credit rating.
Stocks rally thanks to pause on China tariffs, decent inflation data

1 month ago | courthousenews.com | Nick Rummell

MANHATTAN (CN) — Wall Street has recouped all of its losses for 2025, as investors rallied once the White House announced a potential trade deal with China this week. To kick off the week, President Donald Trump said he had reached an understanding with China to unwind most of the tariffs between the two countries, though details on the deal — indeed, even whether there was a concrete deal — were scant.
Despite US-UK trade deal, stocks go nowhere

1 month ago | courthousenews.com | Nick Rummell

MANHATTAN (CN) — Wall Street continued to tread water this week as tariff uncertainty spurred neither big gains nor big losses for investors. Even after the Trump administration announced a “breakthrough trade deal” with the United Kingdom — the first of many to come, according to the White House — markets moved only slightly and analysts said they were awaiting further detail. The U.K. trade deal keeps baseline tariffs at 10% and even suggests tariffs could still go higher in the future.
Wall Street rebounds on good jobs report, positive tech earnings

1 month ago | courthousenews.com | Nick Rummell

Good employment data and positive earnings reports from tech giants helped spur investors to pick up notable gains this week, even as the U.S. economy has begun to shrink. MANHATTAN (CN) — Investors have put tariff concerns to the side, instead focusing on employment data that remains positive even as it shows a cooling labor market.
April jobs report beats expectations, offering some relief

1 month ago | courthousenews.com | Nick Rummell

MANHATTAN (CN) — The U.S. economy added 177,000 jobs last month, a good deal more than the 135,000 jobs many economists had predicted. According to the Bureau of Labor Statistics, the unemployment rate has not shifted from 4.2%, after it rose slightly last month, though the past two employment reports were revised down by a total of 58,000 jobs. "Markets breathed a sigh of relief this morning," said Chris Zaccarelli, chief investment officer at Northlight Asset Management.
GDP falls for first time in nearly three years, hinting at recession

1 month ago | courthousenews.com | Nick Rummell

An influx of imports caused the drop, federal authorities say, as the impacts of President Trump’s trade war have started taking hold. MANHATTAN (CN) — The U.S. economy contracted by 0.3% during the first quarter of this year, according to federal estimates, though the data doesn’t yet fully take into account the effects of tariffs.
Markets continue trend of one step forward, two steps back

2 months ago | courthousenews.com | Nick Rummell

As investors try to suss out the White House’s approach to trade policy, equities continue to fluctuate, though the swings have been less wild this week. MANHATTAN (CN) — The carousel of tariffs — as well as exceptions and delays to tariffs — continue to cause markets to wobble, with the latest uncertainty causing Wall Street to post another losing week.
Chaos reigns on Wall Street as tariff confusion muddles markets

2 months ago | courthousenews.com | Nick Rummell

MANHATTAN (CN) — Equities this week were as volatile as they’ve been in years, as tariff malaise prompted massive gains and losses within days of each other. It was a bleak start on Monday, with markets continuing the hemorrhaging that started last week. Equities saw a record comeback on Tuesday, after the Trump administration tried to bandage the massive bond sell-off by announcing a temporary pause in tariffs. Then Wall Street started bleeding again on Wednesday before yet another Friday rebound.