The Senate worked through the night as lawmakers looked for a path to pass the chamber's tax and spending legislation. Senate Majority Leader John Thune indicated that Republicans are "close" to reaching a deal.

The Dow Jones Industrial Average gained 0.6% on Monday, and the S&P 500 and Nasdaq composite hit record highs. The S&P 500 is now up 9% since sweeping tariff announcements in April, and corporate earnings have been robust.

The White House said it would resume trade talks with Canada after the country opted to drop a digital services tax. White House economic adviser Kevin Hassett said the White House could request that other countries drop similar taxes.

Federal Reserve Bank of Atlanta President Raphael Bostic said that tariffs could lead to incremental price pressure and commented that there "is a risk that seeps into the psyche of the consumer and the business leader." Meanwhile, President Donald Trump is continuing to press Fed Chair Jerome Powell to lower interest rates.

Many financial professionals report that they do not have relationships with their clients' children, according to the InspereX 2025 Advisor Pulse Outlook. "Periods of market volatility create an opportunity for advisors to proactively offer their expertise to the adult children of their clients," said InspereX's Chris Mee. The research also found that referrals remain a key source of business.

In some cases, financial professionals may be underestimating clients' charitable intent, according to a Fidelity Charitable study. Eighty-five percent of high-net-worth respondents said they give to charity, and 72% report donating at least $10,000 per year.

Here is a look at answers to common Social Security questions related to issues such as survivor benefits, working while receiving benefits and benefits for expats.