The S & P 500 as a whole is telling a bullish story taking place on Wall Street this year. Strip out the megacap technology names, and it tells a much different one. Investors have piled into the tech giants — including Nvidia, Microsoft, and Meta Platforms — this year as they mount bets on…
Elon Musk and his social media company X Corp. have reached a tentative agreement to settle a lawsuit filed by former Twitter employees who said they were owed $500 million in severance pay. Attorneys for X Corp. and the former Twitter employees reported the deal in a Wednesday court filing, in which both sides asked…
Newly published details of the recent EU-US trade deal show the bloc cleaving closer to Washington on technology, security and commerce, potentially driving a new wedge into Europe’s relationship with China. A joint statement released on Thursday confirmed that the European Union will accept tariffs of 15 per cent on 70 per cent of its…
Walmart reported better than expected quarterly revenue as inflation-battered shoppers flocked to its stores — but the retail giant’s shares were poised to drop as costs from Trump’s tariffs cut into profits. The world’s biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street’s $175.9 billion target….
WASHINGTON — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed…
Key Points The U.S. stock market faces two serious problems: tariffs imposed by the Trump administration and a historically high valuation. Recent economic data suggests President Trump’s tariffs have led to weakness in the labor market and higher producer prices. The S&P 500 currently trades at 22.5 times forward earnings, a valuation that has always…
Hong Kong’s restaurant sector is in crisis, with a wave of closures, shrinking margins and residents lured by cheaper options locally and across the border. In this two-part series, the Post looks at the industry’s troubles and whether it can reinvent itself. Updated: 21 Aug, 2025 Source link
TALATAN, China — High on the Tibetan plateau, Chinese government officials last month showed off what they say will be the world’s largest solar farm when completed — 610 square kilometers (235 square miles), the size of the American city of Chicago. China has been installing solar panels at a blistering pace, far faster than…
Here are five key things investors need to know to start the trading day: 1. Jackson Hole 101 It’s a good week to be a restaurant or hotel in Jackson Hole, Wyoming. Economic policymakers, market participants and government officials are descending on the town for the Kansas City Federal Reserve’s annual policy symposium, which kicks…
Key Points Analysts suggest Shein’s reported shift of its headquarters back to China could mark a final effort by the retailer to keep its embattled IPO on track. “After years of trying to position itself as a global brand rather than a Chinese fashion company, it’s back to square one,” Perris Lee told CNBC. The…