In remarks made on Capitol Hill early Tuesday, Federal Reserve Chair Jerome Powell brushed aside political criticism and reaffirmed the Fed’s commitment to its mission: delivering a strong and stable economy for the American people. When asked about recent name-calling and public pressure from political leaders, including accusations from President Trump of being “too late”…
Topline Stocks rallied again Tuesday to near record highs, showing significant resilience against a challenging backdrop of high geopolitical tensions, historic tariffs, elevated interest rates and recession angst. Wall Street is showing faith even amid “unusually elevated” uncertainty. Getty Images Key Facts The S&P 500, the most commonly cited measure of the U.S. stock market,…
Palantir Technologies (PLTR 1.41%) is one of the most popular artificial intelligence (AI) stocks on the market, but it got that way by having a ton of hype baked into the stock. Currently, it sits at a $330 billion valuation; however, its revenue and profits are dramatically smaller than those of every company around it….
A huge swath of Americans feels under pressure to earn big bucks simply to keep pace with the rising cost of living, a new survey suggests. A poll by Bankrate found that nearly half of respondents think they need to early at least $100,00 a year to live comfortably, while a quarter said they need…
Here are five key things investors need to know to start the trading day: 1. Market reaction Stocks closed higher Monday as investors hoped that the conflict between the U.S. and Iran would be contained. The Dow Jones Industrial Average climbed 374.96 points, or 0.89%, while the S&P 500 added 0.96% and the Nasdaq Composite rose 0.94%. “Geopolitical risks are undoubtedly…
London/Hong Kong CNN — Oil prices fell sharply Tuesday, returning to levels last seen before the Iran-Israel conflict, as investors cheered news of a ceasefire, albeit fragile, between the two countries. Brent crude, the global oil benchmark, was trading 4.4% lower on the day Tuesday mid-morning ET at $68.24 a barrel, while West Texas Intermediate…
My top 10 things to watch Tuesday, June 24 1. Is there an Israel-Iran ceasefire or not? President Donald Trump announced an agreement to end the conflict, but hours later, Israel accused Tehran of violating it. Trump said Israel will not go through with a retaliatory strike on Iran, and that the truce is still…
Shoppers push carts in Ottawa on Tuesday, June 25, 2024. (THE CANADIAN PRESS/Sean Kilpatrick) · The Canadian Press Canada’s annual inflation rate remained flat at 1.7 per cent in May, according to the latest data from Statistics Canada released Tuesday. The federal agency says a smaller price increase for rent and a decline in travel…
Trump swears in angry outburst at Iran and Israel Donald Trump said that Israel has to “calm down” after he said both Israel and Iran violated a ceasefire he tried to broker. “I gotta get Israel to calm down now,” Trump said as he left the White House, Reuters reports. “Israel, as soon as we…
Good morning. Hallam Bullock here, writing to you from London. A former animation president at Warner Bros. and Comcast’s DreamWorks is betting he can create the next Hollywood franchises with the help of AI — and just raised $11.6 million to do it. In today’s big story, US President Donald Trump announced a cease-fire between…