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Stocks, bonds and the dollar drift after the latest downgrade to US government’s credit rating
May 19, 2025

Stocks, bonds and the dollar drift after the latest downgrade to US government’s credit rating

NEW YORK (AP) — After recovering from an initial jolt, U.S. stocks, bonds and the value of the U.S. dollar drifted through a quiet Monday following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt. The S&P 500 edged up by 0.1% after Moody’s Ratings became the last of the […]

Wall Street drifts lower as S&P 500 flirts with its first loss of the week
May 15, 2025

Wall Street drifts lower as S&P 500 flirts with its first loss of the week

U.S. stocks fall as trade war uncertainty persists. Oil prices drop amid possible Iran deal. Market reacts to mixed economic and corporate signals.

Wall Street wobbles ahead of new retail sales data and public appearances by Fed officials
May 14, 2025

Wall Street wobbles ahead of new retail sales data and public appearances by Fed officials

Wall Street trades flat as investors await retail sales data and Fed signals on interest rates amid U.S.-China trade pause and cooling inflation.

Wayfair to vendors: Hold off on tariff increases
May 13, 2025

Vaughan-Bassett sees strong domestic demand despite China tariff easing

Doug Bassett, president of Galax-based Vaughan-Bassett Furniture, said the recent developments and the ongoing uncertainty around trade are having a positive impact on the company’s business because it lacks much direct exposure to China in their supply chain.

Specialist Michael Pistillo works at his post on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)
May 13, 2025

Wall Street climbs following a slowdown in inflation as the S&P 500 erases its loss for 2025

U.S. stocks rise as inflation slows and tech shares surge. AI stocks lead gains, while tariffs and Fed policy keep investors cautious.

A container ship is moored at the port of the port of New York & New Jersey in Elizabeth, N.J., Monday May 12, 2025. (AP Photo/Matt Rourke)
May 13, 2025

Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power

Trump's sweeping tariffs under emergency powers face lawsuits from states and businesses arguing he overstepped constitutional authority on trade.

Trader Americo Brunetti works on the floor of the New York Stock Exchange, Monday, May 12, 2025. (AP Photo/Richard Drew)
May 12, 2025

Dow jumps 900 and S&P 500 climbs 2.4% following a 90-day truce in the US-China trade war

U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down most of its tariffs against the other, which economists warned could start a recession and create shortages on U.S. store shelves.

Switzerland's Economy Minister Federal Councillor Guy Parmelin, left, shakes hands with Chinese Vice Premier He Lifeng, right, next to Switzerland's President Karin Keller-Sutter, center, during a bilateral meeting between Switzerland and China, in Geneva, Switzerland, on Friday, May 9, 2025. (Martial Trezzini/Keystone via AP, Pool)
May 10, 2025

Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope

U.S. and Chinese officials meet in Geneva to ease a growing tariff war, with global trade and economic stability hanging in the balance.

FILE - Travelers check American Airlines flight information screens for their flight status at O'Hare International Airport in Chicago, Wednesday, Feb. 22, 2023. (AP photo/Nam Y. Huh, File)
May 10, 2025

More warning signs emerge for US travel industry as summer nears

Expedia cites reduced U.S. travel demand for its weak Q1 revenue, as consumer confidence dips and tourism from Canada and abroad continues to decline.

Color-coded map shows the distribution of this week’s continued claims in Virginia’s counties and cities. Map courtesy Virginia Works
May 9, 2025

Virginia unemployment claims rise amid federal layoffs

Virginia jobless claims rose in early May, with experts citing federal spending cuts, tariffs and contract reductions as key factors in the surge.

Port of Virginia expects a reduction in imports from China due to President Trump's tariffs. Photo courtesy Port of Virginia
May 8, 2025

Port of Virginia CEO expects decline in Chinese imports over Trump’s trade war

Virginia Port Authority Executive Director and CEO Stephen A. Edwards said Thursday at this year's State of the Port address that President Donald Trump's tariffs are causing significant uncertainty in the port and trade sector.

Wall Street loses ground and oil prices tumble after OPEC+ says it will step up production
May 8, 2025

Wall Street rises with hopes for trade deals that could forestall a recession

U.S. stocks rose after Trump announced a UK trade deal, easing recession fears and pushing the S&P 500 closer to record highs amid strong earnings.

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