It’s been a cautious week on Wall Street as earnings from mega-cap tech companies prompted investors to reassess their high expectations for future growth. Google parent Alphabet and Amazon.com were the latest among Magnificent Seven stocks to fall short of lofty guidance forecasts, weighing on the broader market. Drugmaker Eli Lilly and financial stocks provided…
Wall Street hit new records as Donald Trump began his second term as the 47th U.S. president Monday. The S&P 500 climbed above 6,100 points over the week, surpassing its previous December peak and marking a second consecutive week of gains, fueled by a strong start to the fourth-quarter earnings season. Tech stocks once again…
President Donald Trump pledged to revoke the so-called electric vehicle mandate, and an executive order on day one of his second presidential term signals his intent to undo much of his predecessor’s legacy when it comes to electric vehicle promotion. But it’s unclear how sweeping the impact will be or whether it will ultimately kill…
President-elect Donald Trump’s election as the 47th president of the United States sent Wall Street into a frenzy, driving major stock indexes to once again break record highs. Investors are betting that Trump’s potential policies — such as lower corporate and individual taxes, coupled with deregulation in the financial sector — will spur growth for…
U.S. stocks continued their post-election rally on Friday, notching more record highs with the Dow and S&P 500 putting in their best weekly performance all year. The blue-chip Dow closed up 259.65 points, or 0.59%, to a record high 43,988.99, and the broad Standard & Poor’s 500 index finished up 22.44 points, or 0.38%, to…
Elon Musk, who shelled out over $100 million and turned his social media platform X into an online megaphone to get out the vote for Donald Trump, has emerged as one of the presidential election’s biggest winners. The world’s richest man was the only Fortune 100 CEO to pick a side, endorsing Trump moments after the…
A University of Michigan student who is from China and not a U.S. citizen allegedly voted Sunday in Ann Arbor and is being charged with two crimes, six days before a pivotal presidential election. The filing of the charges was revealed Wednesday in a statement from Michigan Secretary of State Jocelyn Benson’s office and the…