Elon Musk urged U.S. officials to audit how much gold is at the Fort Knox military base in Kentucky, addressing decades-old conspiracies that the U.S. gold reserves are no longer there. The senior advisor for President Donald Trump has shared a few posts to X criticizing the lack of annual audits determining the amount of…
Wall Street remained resilient as investors focused on optimism surrounding Ukraine peace talks. President Donald Trump’s tariff plan also appeared less severe than anticipated. Inflation and its impact on the U.S. economy crept back into the conversation over the week but Wall Street remained resilient as investors focused on optimism surrounding Ukraine peace talks and…
Over-concentration in tech stocks can lead to a lack of diversification, as the performance of these stocks is often correlated. While stocks have historically outperformed other asset classes, future returns are uncertain, and diversification can help mitigate risk. Investors don’t often get a second chance to get things right. But they might have received that…
U.S. stocks rise at the open, after the key monthly jobs report showed the labor market remained healthy, giving the Federal Reserve room to keep interest rates steady and wait to see how President Donald Trump‘s tariff talk plays out. In January, 143,000 new jobs were created, less than the Dow Jones average of economists…
Wall street mostly gained early as investors eyed an onslaught of earnings reports. At 10:05 A.M. ET, the broad S&P 500 rose 0.13%, or 7.99 points, to 6,069.47; the blue chip Dow was down 0.034% , or 15.29 points, to 44,857.99; and the tech-laden Nasdaq gained 0.14%, or 27.06 points, to 19,719.39. The 10-year benchmark…
Tesla TSLA.O posted lower sales across five European countries in January, including the United Kingdom and France, as competitors with newer models gained on the electric vehicle maker and polls show public opinion souring on CEO Elon Musk. Musk has made a high-profile foray into politics, with much of his 2024 dominated by his financial support of Donald Trump,…
U.S. stocks opened mostly higher as investors digested a slew of corporate earnings reports, including some from the so-called Magnificent 7. Magnificent 7 stocks are mega-cap technology companies whose shares have significant weighting in major stock indexes and have led much of the rally in stocks the past few years. They are Apple, Microsoft, Amazon, Alphabet…
U.S. stocks closed lower after the Federal Reserve left interest rates unchanged and took a less confident view on inflation, and chip darling Nvidia renewed its slide on a report President Donald Trump’s considering restricting the company’s sales to China. Nearly everyone expected the Fed to keep interest rates steady, but the Fed dropped in…
Wall Street’s main indexes were on track for a subdued open on Wednesday, as losses in tech heavyweights Apple and Nvidia kept broader gains in check and investor attention turned to the U.S. Federal Reserve’s interest-rate decision, due later in the day. Markets widely expect the central bank to hold its lending rate steady in its decision, expected at 2 p.m. ET. “Without clarity…
A Chinese company’s latest artificial intelligence technology has sent shock waves through the AI-industrial complex in the United States this week. In recent years, U.S. companies OpenAI, Google, Meta and Anthropic have dominated leaderboards for cutting-edge AI. Microsoft, Amazon and Nvidia have led in cloud and specialized AI hardware. To play in this league, a…