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Wall Street’s rally fades as more CEOs talk about uncertainty because of Trump’s trade war
Wall Street’s rally stalls as macroeconomic uncertainty, weak forecasts, and shifting tariffs weigh on stocks. Big Tech helps limit broader losses.
Retailers misjudge shopper priorities, loyalties amid rising costs, said Rakuten report
More than half of consumers say they plan to prioritize products with the lowest prices when shopping in the coming months, while only 5% of retailers think shoppers will choose to trade down to lower quality products and less expensive brands.
Average US rate on a 30-year mortgage eases to 6.81%, hovering near highest level in over two months
The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than two months. The rate fell to 6.81% from 6.83% last week, mortgage buyer Freddie Mac said Thursday.
Wall Street rallies as companies keep piling up profits, for now at least
U.S. stocks are rallying further as better-than-expected profits for U.S. companies pile up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
Trump science cuts roil university labs, targeting bird feeder research, AI literacy work and more
Hundreds of university researchers had their National Science Foundation funding abruptly canceled Friday to comply with Trump’s directives to end support of research on diversity, equity and inclusion, as well as the study of misinformation.
Most Americans expect higher prices as a result of Trump’s tariffs, a new AP-NORC poll finds
An Associated Press-NORC Center for Public Affairs Research poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering.
Wall Street rises and markets rally worldwide as Trump softens his tough talk on tariffs and the Fed
U.S. stocks rose as Trump eased pressure on the Fed and hinted at lower China tariffs, boosting tech shares and calming markets after sharp swings.
Tariff turmoil: How Tesla and other companies are dealing with the uncertainty of the trade war
Uncertain tariffs and trade tensions challenge Tesla, Akzo Nobel, and Boston Scientific as they navigate rising costs and shifting global markets.
Stock market today: Markets bounce after Trump says he won’t try to fire Fed Chair Powell
U.S. markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve. Futures for the Dow Jones Industrial Average jumped 1.9% before the bell Wednesday, while S&P 500 futures rose 2.6%. Nasdaq futures climbed a full 3%. Trump,[...]
Trump says he has ‘no intention’ of firing Federal Reserve chair
President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. Trump told reporters, “I have no intention of firing him." The U.S. president had previously insinuated [...]
Walgreens to pay up to $350 million in U.S. opioid settlement
Walgreens has agreed to pay up to $350 million in a settlement with the U.S. Department of Justice, which said that it was illegally filling millions of prescriptions in the last decade for opioids and other controlled substances. The nationwide drugstore chain must pay the government at least $300 million and will owe another [...]
Tesla Q1 profit falls sharply as it fights backlash tied to Musk’s role in Trump administration
Tesla's Q1 profit plunged 70% to $409M amid weak sales, backlash over Elon Musk's role in the Trump administration, and rising competition in the EV market.
