US economic activity continued to sink this month amid uncertainty around tariff policy. New data from S&P Global out Wednesday showed its flash composite PMI output index for April — which captures activity in the services and manufacturing sectors — fell to 51.2, the lowest in 16 months. Manufacturing activity rose to 50.7, up from…
The signs of stress on Wall Street have mounted amid the many uncertainties triggered by President Trump’s tariffs. IPOs and mergers were put on the shelf. Leverage loan deals were shoved to the sidelines. Bond sales were paused. The freeze-up of activity that followed Trump’s “Liberation Day” announcement last week made for some nervous days…
Photo: Scott Olson / Staff (Getty Images) Even the world’s most prominent Trump supporter, Elon Musk, is displeased with the tariffs. Musk, who runs the Department of Government Efficiency (DOGE), spent the weekend criticizing the administration’s top trade adviser, Peter Navarro, and amped up his criticism Tuesday, saying Navarro is “dumber than a sack of…
In This Story Happy Liberation Day to those who celebrate. The market appears to have belatedly joined the festivities. Costco’s Kirkland brand became a massive financial success. Here’s how The major stock indices briefly slid in the morning before rebounding later in the day. At 1:07 p.m. EDT, the S&P 500 had risen 0.9%, the…
Nvidia headquarters on May 21, 2024 in Santa Clara, California.Photo: Justin Sullivan (Getty Images) In This Story The market’s highest-performing tech stocks all slid on Monday morning amid worries over President Donald Trump’s tariffs. Gap is betting Old Navy and AI will help solidify its position in retail Tesla (TSLA-5.84%) was down by more than…
00:00 Speaker A China’s imports of U.S. cotton cars and some energy products all plunged in the first two months of the year after President Donald Trump started imposing tariffs and Beijing retaliated. The measures the U.S. and China have imposed on each other over the past six weeks, and the probability of more to…
We recently published a list of Top 10 AI Trending News on Wall Street. In this article, we are going to take a look at where Gorilla Technology Group Inc. (NASDAQ:GRRR) stands against other top AI trending news on Wall Street. China and the US have been at a crossroads over the past year over…
Former Hong Kong media boss Jimmy Lai Chee-ying has said he believes the Communist Party of China can remain in power if it ends its “tyrannical” rule, while dismissing prosecutors’ suggestion that he welcomes Western “dismemberment” of the country. Lai also told his national security trial on Monday he did not consider China a member…
One of the world’s richest men wants his newspaper to push policies that favour the rich. That’s the upshot of Jeff Bezos’s announcement today of a new regime at the Washington Post. Henceforth, the Amazon boss decreed, his paper’s comment pages will promote libertarianism (“free markets and personal liberty”), and will not publish opinions contradicting…
The DOJ has launched a civil fraud investigation into UnitedHealthcare over its billing practices in the Medicare Advantage program, according to the Wall Street Journal. The investigation focuses on whether the healthcare giant artificially inflated patient diagnoses to increase its monthly payments from the government. In a statement, UnitedHealth Group called reporting by the Journal…