The electric vehicle (EV) market in the United States is experiencing significant anxiety as federal policy changes under President Donald Trump threaten to reverse incentives established during President Joe Biden’s administration. The electric vehicle market in the U.S.A. is growing, but remains— very much— in its early stages. “People bought more electric cars this year…
The drumbeat that President Trump will fire Fed Chair Jerome Powell got louder Wednesday, with reporting from CBS News, Bloomberg, CNBC, and The New York Times all adding to the sense that Trump is getting closer to making the unprecedented move. Stocks were lower following the news, but the biggest move in markets was coming…
President Trump on Wednesday tempered reports from earlier in the day that suggested he planned to fire Federal Reserve Chair Jerome Powell imminently, the latest twist in the ongoing saga regarding Trump’s displeasure with the central bank head. Speaking to reporters in the Oval Office late Wednesday morning, Trump said he is “not planning” to…
US stocks pared gains Wednesday as Wall Street weighed a surprise inflation print and scoured the latest batch of earnings for signs that corporate America is weathering the tariff turmoil. The Dow Jones Industrial Average (^DJI) rose about 0.1%, having opened higher. The blue-chip index lost over 400 points on Tuesday. Meanwhile, the S&P 500…
US stocks pared gains Wednesday as Wall Street weighed a surprise inflation print and scoured the latest batch of earnings for signs that corporate America is weathering the tariff turmoil. The Dow Jones Industrial Average (^DJI) rose about 0.1% after opening higher. The blue-chip index lost over 400 points on Tuesday. Meanwhile, the S&P 500…
US stock futures struggled on Wednesday as Wall Street braced for another inflation checkup after the latest consumer price reading spurred traders to pare bets on Federal Reserve interest-rate cuts. Dow Jones Industrial Average futures (YM=F) traded flat after the blue-chip index lost over 400 points in the prior session, while S&P 500 futures (ES=F)…
June’s Consumer Price Index (CPI) report likely gives the Federal Reserve room to continue its wait-and-see approach to cutting rates amid uncertainty over how President Trump’s tariffs will impact inflation. On a “core” basis, which excludes volatile food and energy costs, CPI increased 0.2% from the previous month, slightly lower than economists’ expectations but ahead…
President Trump is once again turning up the tariff dial, but stocks aren’t reacting nearly as strongly as they did back in April. In recent days, Trump has written letters threatening 30% duties on goods from Mexico and the European Union while also warning of 35% tariffs on Canadian imports. On Monday, he added the…
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia (NVDA) looked set to receive a green light for trade with China from the Trump administration. The S&P 500 (^GSPC) traded below the flat line after opening higher, while the…
Nvidia (NVDA) is moving to reestablish its foothold in the Chinese market, announcing late Monday night that it plans to restart sales of its H20 AI chips in the region. The company has also unveiled a new GPU model specifically engineered to align with US export regulations. In a company blog post, Nvidia said it…