Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Opposition to xAI’s supercomputer facility in Memphis, Tennessee, intensified on Wednesday after environmental and civil rights groups filed to appeal a permit that allows the company to…
U.S. President Donald Trump speaks to the media at the White House in Washington D.C., U.S., June 27, 2025. Ken Cedeno | Reuters Something I rarely, if ever, say: What a wonderful Monday morning! On Friday stateside, the S&P 500 broke its previous record. Celebrations were shared with the Nasdaq Composite, which also hit a…
Here are five key things investors need to know to start the trading day: 1. High hopes Markets posted gains on Wednesday, but the major stock indexes closed well off their highs. The Dow Jones Industrial Average rose 419.59 points, or 1.07%, after previously trading more than 1,100 points higher. The S&P 500, meanwhile, climbed 1.67%, and the Nasdaq Composite rallied…
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images As Google heads back to the courtroom Monday, the company is arguing that the U.S. needs the company in its full form to take on chief adversary…
Check out the companies making headlines in midday trading: Alphabet — Shares of the megacap technology name pulled back 1.4% after a federal judge ruled that Google has illegally monopolized online advertising technology , namely the markets for publisher ad servers and ad exchanges. Hertz — The rental car company surged 43.9% to a 52-week…
Traders work on the floor of the New York Stock Exchange on March 17, 2025. NYSE Investors are feeling as gloomy as consumers are. The University of Michigan’s Survey of Consumers, which was released March 14, showed consumer sentiment plunging to its lowest since 2022. Wall Street is in a similarly dour mood, according to…
Traders work at the New York Stock Exchange on March 18, 2025. NYSE Investors are feeling as gloomy as consumers. The University of Michigan’s Survey of Consumers, which was released March 14, showed consumer sentiment plunging to its lowest since 2022. Wall Street is in a similarly dour mood, according to the March edition of…
Nvidia headquarters in Santa Clara, California, on May 21, 2024. Justin Sullivan | Getty Images U.S. President Donald Trump said Thursday he would give tariffs on Canada and Mexico, which are temporarily paused, the go-ahead, while separately threatening on Wednesday to slap a 25% levy on the European Union. Those are some of the U.S.’…
An escalating trade conflict between China and the U.S. could hurt Big Tech, thus pressuring the broad S & P 500, according to Piper Sandler. Trump this month signed an order imposing a 10% tariff on goods from China. In turn, China announced retaliatory tariffs of up to 15% on select U.S. imports, including coal…
The ArcelorMittal steel production plant in Ghent, Belgium, on July 27, 2024. Jonathan Raa | Nurphoto | Getty Images The excitement over artificial intelligence and U.S. President Donald Trump’s perceived friendliness to the stock market buoyed investor sentiment as recently as December. In 2025, it seems those animal spirits have somewhat evaporated. Any time Trump…