Your source for breaking finance news and business headlines from around the globe
Billionaire Ken Griffin, founder and CEO of the Citadel hedge fund, said working class Americans will bear the brunt of President Donald Trump’s punitive tariffs on U.S. trading partners. “Tariffs hit the pocketbook of hardworking Americans the hardest,” Griffin said on CNBC’s “Closing Bell” Wednesday. “It’s like a sales tax for the American people. It’s going to […]
Check out the companies making headlines in midday trading. Alphabet — The tech behemoth fell 7%. Eddy Cue, senior vice president of services at Apple, said on Wednesday that Apple was “actively looking at” reshaping its Safari web browser to focus on AI-powered search functions, according to a Bloomberg report . Cue made the comments
WASHINGTON — The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy. In a move that carried little suspense given the wave of uncertainty sweeping the political and economic landscape, the Federal Open Market
Fed holds rates steady as it notes rising uncertainty and stagflation risk Read More »
Check out the companies making headlines in premarket trading. Disney — Shares of the media and entertainment company advanced more than 7% after surpassing Wall Street’s second-quarter estimates. Disney reported adjusted earnings per share of $1.45 on revenue of $23.62 billion, while analysts polled by LSEG were looking for $1.20 per share and $23.14 billion,
Last year, banks quickly raised interest rates to record levels and added new monthly fees on credit cards when a Consumer Financial Protection Bureau rule threatened a key revenue source for the industry. Now, they’re far more reluctant to reverse those steps, even after bank trade groups succeeded in killing the CFPB rule in federal
Check out the companies making headlines in after-hours trading: Arista Networks — Shares of the cloud computing stock slid 7%. First-quarter revenue narrowly beat LSEG consensus estimates, coming in at $2.00 billion, versus the $1.97 billion the Street expected. Adjusted earnings also beat estimates, landing at 65 cents per share, compared to the 59 cents
As the shock of Warren Buffett’s exit settles in, one question about the succession has become the elephant in the room — Who will handle Berkshire Hathaway’s $275 billion portfolio of stocks? The legendary, 94-year-old investor is stepping down as chief executive officer at the end of 2025 after an epic 60-year run, but will
The $275 billion question: Who handles Berkshire's stock portfolio after Warren Buffett Read More »
“The Art of the Deal” author President Donald Trump said in a surprising comment Tuesday that the United States does not need to “sign deals” with trade partners, despite top White House officials claiming for weeks that such deals are the administration’s top priority. “Everyone says, ‘When, when, when are you going to sign deals?’” Trump
Trump downplays tariff talks: 'We don't have to sign deals' Read More »
The Federal Reserve heads into its closely watched policy decision Wednesday with a strong incentive to do absolutely nothing. Faced with unresolved questions over President Donald Trump’s tariffs and an economy that is signaling both significant strengths and weaknesses, central bank policymakers can do little for now except sit and wait as events unfold. “It’s
The Fed meets with uncertainty permeating the air. Here's what to expect Read More »
Check out the companies making headlines in midday trading: Palantir — Shares tumbled 13.4%. Palantir posted $884 million in first-quarter revenue , while analysts polled by LSEG penciled in $863 million. However, earnings per share came in line with Wall Street expectations at 13 cents. Ford Motor — The automaker advanced 3.2% on better-than-expected first-quarter
Stocks making the biggest moves midday: Palantir, Tesla, DoorDash, Ford and more Read More »
