In This Story Happy Liberation Day to those who celebrate. The market appears to have belatedly joined the festivities. Costco’s Kirkland brand became a massive financial success. Here’s how The major stock indices briefly slid in the morning before rebounding later in the day. At 1:07 p.m. EDT, the S&P 500 had risen 0.9%, the…
Nvidia headquarters on May 21, 2024 in Santa Clara, California.Photo: Justin Sullivan (Getty Images) In This Story The market’s highest-performing tech stocks all slid on Monday morning amid worries over President Donald Trump’s tariffs. Gap is betting Old Navy and AI will help solidify its position in retail Tesla (TSLA-5.84%) was down by more than…
BEIJING (AP) — France’s foreign affairs minister said Friday that France and China are making progress toward resolving a trade dispute over cognac imports. Jean-Noel Barrot said the conclusions of a Chinese investigation that could potentially lead to the permanent implementation of provisional customs duties on European cognac imports have been delayed by three months,…
In This Story The Federal Reserve may get stuck between President Donald Trump’s public demands for interest rate cuts and the central bank’s mandate to curb inflation after its favorite price measure picked up by more than expected in February. Gap is betting Old Navy and AI will help solidify its position in retail Core…
Graphic: Images: Christopher Furlong, Anna Moneymaker, Alfredo Astrella/AFP, Drew Angerer Elon Musk’s Department of Government Efficiency is here, and defense contractors can’t wait for the “revolution” to reach the Defense Department. So far, his focus has been on other areas, but they’re betting that Musk — himself a defense contractor through SpaceX — slashes a…
In This Story President Donald Trump is set to slap Mexico and Canada, two of the U.S.’s top three trade partners, with 25% tariffs on all imports as soon as Saturday. But he’s eyeing a carve-out for one of his favorite products: oil. What DeepSeek’s AI breakthrough means for Meta, OpenAI, and Nvidia “Oil is…
Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024 in Washington, D.C. Photo: Chip Somodevilla (Getty Images) In This Story While Nvidia’s (NVDA-1.75%) shares have tripled in value so far this year, its shares dropped more than 10% in the week after it reported fiscal third-quarter earnings. Donald Trump’s best and…
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Elon Musk is mad he didn’t get an invite to California’s upcoming EV party. The Tesla CEO is upset that market share limitations on a tax credit in the works would block his company from the benefit. Donald Trump’s best and worst cabinet picks, according…