With one more trading day left in March, Wall Street is poised to turn in terrible monthly and quarterly declines after another terrible week. Economic and inflation uncertainty created by President Donald Trump ‘s tariffs — both implemented and threatened — are largely to blame. Cracks in the AI trade were also a factor, with…
Here are five key things investors need to know to start the trading day: 1. Timid trading Stock futures were timid Thursday, continuing a relatively slow week on Wall Street. Four trading days into the period, the major averages have posted modest gains. The Dow Jones Industrial Average is up 1% on the week, the…
The U.S. Department of Education is seen on March 20, 2025 in Washington, DC. U.S. President Donald Trump is preparing to sign an executive order to abolish the Department of Education. Win Mcnamee | Getty Images News | Getty Images President Donald Trump signed an executive order on Thursday aimed at dismantling the U.S. Department…
Every year, millions of basketball fans fill out brackets trying to pick the winning teams for the NCAA’s March Madness men’s basketball tournament, often competing in office-wide pools in hopes of scoring prizes ranging from bragging rights to thousands of dollars. Berkshire Hathaway is no different. Chairman Warren Buffett has been running a March Madness…
Could President Trump’s tariffs spur a recession? An economist warns consumers about a potential economic downturn with President Donald Trump’s trade war pressing on. U.S. stocks are expectd to open modestly lower, consolidating gains made in the last two sessions as Federal Reserve officials kick off their policy meeting on Tuesday. Almost no one expects…
Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | Reuters The Consumer Financial Protection Bureau‘s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees. In a trove of…
Here are five key things investors need to know to start the trading day: 1. Record slip Stocks moved lower Thursday, retreating from the records the major indexes hit in the previous trading session. The Dow Jones Industrial Average dropped 248.33 points, or 0.55%, while, the Nasdaq Composite dipped 0.18% and the S&P 500 slipped 0.19%. Bitcoin, meanwhile, also traded a bit lower,…
When it comes to the jobs report Friday, investors can’t seem to make up their mind what they want. The November nonfarm payrolls report is one of the last major economic data points before the Federal Reserve holds its Dec. 17-18 meeting, at which the central bank is widely expected to squeeze in one more…
JPMorgan’s trading desk has some ideas on how much the stock market might move following Friday’s all-important jobs report. Friday’s data on nonfarm payrolls, the unemployment rate and wages are the last major economic release before next week’s presidential election and Federal Reserve policy meeting. Economists polled by Dow Jones expect jobs to have grown…
President Joe Biden and his administration hit a major milestone this October. The administration has now forgiven student debt balances for over 1 million borrowers through the Public Service Loan Forgiveness program, the Department of Education announced on Oct. 17. Though PSLF has been around since 2007, only 7,000 borrowers in total had qualified and…