Finance News – U.S.
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Treasury Secretary Bessent has a plan to bring down long-term yields. But will it work?
U.S. Treasury Secretary Scott Bessent proposes a strategy aimed at lowering long-term borrowing costs, which could influence overall interest rates and impact financial markets if...
Read Full Article →Jim Cramer: Disney shares 'can go much higher' after record box office weekend
The recent surge in Disney’s box office results has enhanced investor optimism, suggesting the company’s market valuation may increase significantly in the near future.
Read Full Article →Temu parent is using coupons, lower fees to help smooth the costs of Trump’s tariffs
PDD’s efforts to offset increased expenses through discounts and reduced charges contributed to a significant decline in quarterly earnings, causing its stock value to drop amid co...
Read Full Article →NPR sues Trump over executive order cutting federal funding
The lawsuit highlights potential financial challenges for the broadcaster due to the executive order that aims to eliminate its federal funding, which could impact its operational...
Read Full Article →Salesforce is buying Informatica for $8 billion
The acquisition of Informatica by Salesforce for $8 billion in equity value reflects a strategic investment aimed at enhancing their position in the expanding market for artificial...
Read Full Article →Tariffs aren’t hurting as much as feared, but AutoZone’s earnings still missed
Despite ongoing tariff fluctuations, AutoZone managed to mitigate adverse effects to some extent; however, the company’s quarterly profits still fell short of analysts’ expectation...
Read Full Article →Home prices in the biggest 20 markets decline for the first time in over two years. Here’s where the...
The recent drop in property values across major metropolitan areas highlights shifting market dynamics that could influence investment strategies and affordability concerns in the...
Read Full Article →Movie theater stocks soar after record-breaking Memorial Day box office
The substantial increase in ticket sales during the recent holiday weekend has positively impacted the financial performance of cinema-related equities, reflecting heightened consu...
Read Full Article →Why stocks are rising despite weaker fundamentals
Stock prices are increasing even though economic indicators show weakness, highlighting investor optimism and the potential for future gains despite ongoing market unpredictability...
Read Full Article →The age of AI layoffs is already here. The reckoning is just beginning
The increasing adoption of automation technologies is leading to job reductions within various sectors, highlighting the broader economic impact and challenges companies face durin...
Read Full Article →DJT shares fall 10% as Trump Media says it's raising $2.5 billion to buy bitcoin
Trump Media's plan to secure $2.5 billion reflects a strategic move to invest heavily in cryptocurrency amid rising bitcoin values and key industry events this year.
Read Full Article →Tariffs may fuel inflation — but not for long, Goldman Sachs says
According to Goldman Sachs, the recent U.S. import taxes are likely to cause a short-term increase in inflation, but this impact is expected to diminish and stabilize by the follow...
Read Full Article →Quantum computing could make Bitcoin and crypto a lot less secure
Advancements in quantum computing may potentially undermine current cryptographic protections, posing risks to the security and value of digital assets like Bitcoin and other crypt...
Read Full Article →Consumer confidence rebounds after months of tariff fears
In April, consumer sentiment towards the U.S. economy showed improvement, potentially encouraging increased spending and investment as concerns about international trade disputes d...
Read Full Article →Block's bitcoin checkout goes live in Vegas, a significant step in making it 'everyday money'
Block's new bitcoin payment system, launched in Las Vegas, enables customers to use cryptocurrency for everyday purchases, marking an important development in integrating digital c...
Read Full Article →Vivek Ramaswamy’s firm wants to buy biotech companies to bet on bitcoin
Strive Asset Management has secured $750 million to invest in biotechnology firms as part of a broader financial approach, coinciding with Vivek Ramaswamy’s campaign for Ohio gover...
Read Full Article →Trump hails 'positive' step in U.S.-EU trade negotiations as markets hope for a deal
Progress in discussions between the United States and the European Union has raised expectations among investors, potentially influencing market stability and future economic colla...
Read Full Article →Trump's relationship with Apple is souring
The proposed 25% tariff on imported iPhones could increase production costs for Apple, potentially affecting pricing, sales, and overall revenue within the competitive smartphone m...
Read Full Article →How China EVs are winning over Europe while Tesla loses ground
European consumers are increasingly purchasing electric vehicles from Chinese manufacturers, resulting in a significant decline in Tesla’s sales and a shift in market dynamics with...
Read Full Article →Consumer confidence for May was much stronger than expected on optimism for trade deals
Increased optimism about progress in U.S.-China trade negotiations contributed to a notable rise in consumer sentiment in May, signaling potential positive effects on spending and...
Read Full Article →The luxury housing market is cracking — and tech-heavy cities are getting hit hardest
Recent data indicates that high-end residential property transactions have declined notably, with metropolitan areas known for technology industries experiencing the most significa...
Read Full Article →The bond market is breathing a little easier after Trump delayed E.U. tariffs
Treasury yields declined on Tuesday as investors responded positively to the postponement of additional tariffs, signaling reduced concerns about escalating trade tensions affectin...
Read Full Article →Nvidia will release cheaper Blackwell AI chips in China to avoid U.S. restrictions, report says
Nvidia plans to introduce more affordable AI chips tailored for the Chinese market to navigate regulatory challenges while sustaining its competitive position and revenue growth in...
Read Full Article →The Dow jumps 475 points after Trump walks back E.U. trade threats
U.S. equity markets experienced notable gains Tuesday as major indices recovered some losses, reflecting improved investor confidence following a de-escalation in trade tensions wi...
Read Full Article →Temu parent sees stock plummet after earnings miss
The substantial drop in PDD Holding’s stock price reflects investor concerns following the company's failure to meet expected financial performance for the first quarter.
Read Full Article →Volvo is cutting 15% of its office workers as it grapples with tariffs
Volvo Cars plans to reduce its global office workforce by approximately 3,000 positions in response to increased trade restrictions, reflecting broader economic challenges faced by...
Read Full Article →Southwest Airlines ditches free checked bags this week. Here's how much they'll cost
Southwest Airlines will begin charging passengers for checked baggage starting this week, marking a change that could increase travel expenses for customers who previously enjoyed...
Read Full Article →How copycat phone maker Xiaomi became a force in China's EV market
Xiaomi's entry into the electric vehicle industry significantly boosted its revenue streams, demonstrating strong market demand and positioning the company as a competitive player...
Read Full Article →JPMorgan Chase is heading upmarket to woo America’s millionaires
JPMorgan Chase is opening specialized branches designed with unique aesthetics to attract high-net-worth clients, aiming to expand its services and revenue from affluent individual...
Read Full Article →Trump administration moves to cut rest of Harvard contracts with federal government
The Trump administration's decision to halt additional federal contracts with Harvard could redirect billions in grant funding toward vocational and trade education programs, impac...
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