LOS ANGELES, CA – MAY 08: Signage is seen as Fashion Nova Presents: Party With Cardi at Hollywood Palladium on May 8, 2019 in Los Angeles, California. Photo: Tommaso Boddi (Getty Images) The days of getting a $20 table or a $10 dress from SHEIN or Temu could be coming to an end. Beginning May…
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…
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…
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…
In This Story President Donald Trump on Wednesday levied the threat of tariffs against Russia, saying that unless a deal is made to end Russia’s war against Ukraine he will have “no other choice” but to issue new sanctions. Bitcoin will hit $130,000 this year, wealth advisor says “Settle now, and STOP this ridiculous War!”…
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…