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Powell signals more Fed rate cuts amid hiring slowdown
Fed Chair Jerome Powell said slowing hiring raises risks for the U.S. economy, signaling two more rate cuts are likely this year.
Wall Street rebounds as investors shrug off trade tensions
U.S. stocks rebounded Tuesday as investors brushed off rising trade tensions between the U.S. and China after early losses.
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]
Oracle and AMD expand AI partnership to keep up with demand
WASHINGTON (AP) — Oracle and Advanced Micro Devices are expanding their partnership with the deployment of 50,000 AMD graphic processing units beginning in the third quarter of 2026 with further expansion to follow. The so-called AI “supercluster” is a massive, interconnected group of high-performance computers designed to work together as a single system. AMD shares […]
IMF raises U.S., global growth outlook despite tariffs
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging. The United States’ economy will expand 2% in 2025, the […]
OpenAI partners with Broadcom to design custom AI chips
OpenAI and Broadcom will co-develop custom AI chips set to launch in 2026, expanding OpenAI’s efforts to build its own hardware.
Stocks rebound as Trump softens China tariff stance
NEW YORK (AP) — And back up goes Wall Street. U.S. stocks rallied Monday after President Donald Trump said ” it will all be fine,” just days after he sent the market reeling by threatening much higher tariffs on China. The S&P 500 jumped 1.6% in its best day since May and recovered just over half its drop from […]
Retailers scale back holiday hiring amid tariffs, slowdown
Retailers delay and reduce holiday hiring as tariffs, economic uncertainty and a government shutdown weigh on consumer spending.
LendingTree CEO and founder Doug Lebda dies in ATV accident
NEW YORK (AP) — LendingTree CEO and founder Doug Lebda died in an an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. In a company announcement, LendingTree confirmed that Lebda unexpectedly died on Sunday and that its leadership “deeply mourns his passing” while extending condolences to the executive’s loved ones. “Doug […]
Trump threatens new China tariffs over rare earth limits
Trump warned of a “massive” tariff hike after China restricted rare earth exports, reigniting trade war tensions and market fears.
