March 24 – Wall Street kicked off the week with a big rally as reports suggested President Donald Trump may scale back some of his planned tariffs, easing fears of an all-out trade war. The Dow Jones Industrial Average surged 512 points, or 1.1%. The S&P 500 climbed 1.5%, while the Nasdaq Composite jumped 1.9%….
A rally in US stocks Monday morning amid reports that President Trump’s tariffs will be less widespread than feared underscored how more clarity on the administration’s new policies remains the key to a market bounce-back. The S&P 500 (^GSPC) rose more than 1% while the Dow Jones Industrial Average (^DJI) added about 0.8% or more…
(Reuters) – U.S. President Donald Trump’s administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, Bloomberg News and the Wall Street Journal reported, citing officials. Trump said in February that he intended to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and…
BlackRock (BLK) CEO Larry Fink orchestrated the Panama Canal port takeover that made President Trump happy, but the cost may be an angry Xi Jinping. The Wall Street Journal reported this week that the Chinese leader is not happy with a $22.8 billion deal giving a BlackRock-led investment coalition control of two key ports on…
(Reuters) -The U.S. Justice Department has launched an investigation into UnitedHealth’s Medicare billing practices in recent months, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the company fell nearly 10% in premarket trading. Shares of other health insurers also fell before the bell. NYSE – Nasdaq Real Time…
Intel (INTC) stock jumped 16% Tuesday following a report that its rivals Broadcom (AVGO) and TSMC (TSM) are exploring potential deals with the chipmaker that would split it into two. The Wall Street Journal reported late Saturday that Broadcom (AVGO) is considering making a bid for Intel’s product business, which designs semiconductors for computers and…
US president-elect Donald Trump has told advisers he wants to travel to China after he takes office, The Wall Street Journal reported on Saturday, quoting people familiar with the discussions. Trump has expressed interest in travelling to China in his first 100 days in office, the report said, citing one of the people. Trump’s inauguration…
(Reuters) -T-Mobile’s network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a monthslong campaign…
(Reuters) -Wonder, a food-delivery startup led by former Walmart executive Marc Lore, is in advanced talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The European company had acquired Grubhub in 2020 in an all-stock deal for $7.8 billion, creating the world’s…
You know the housing market is really slow when even millionaires are having trouble buying their dream homes and opting to rent instead. But that’s the situation in the housing market here at the end of 2024. Find Out: 3 Best States To Buy Property in the Next 5 Years, According to Experts Explore More:…