News
US stocks slump and oil prices jump as worries about AI, inflation and possible war hit Wall Street
2+ hour, 53+ min ago (654+ words) The S&P 500 fell 0.8% and is staggering toward the finish of what would be just its second losing month in the last 10. The Dow Jones Industrial Average was down 569 points, or 1.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was…...
IMF says it is releasing $2.3 billion to Egypt after reforms help to stabilize the economy
1+ day, 5+ hour ago (261+ words) The IMF said in a statement Wednesday that the decision to release the funding followed reviews of the government reforms, which it credited with bringing about "a broad-based economic recovery" in the world's most populous Arab country. It noted that…...
World shares are mixed after heavy selling of potential AI losers hits Wall Street
3+ day, 9+ hour ago (623+ words) A report by Citrini Research, a New York-based financial services company, that outlined a future scenario in which AI's dominance caused the "human-centric consumer economy," to wither away with dire consequences for employment, was the latest hit to confidence for…...
Supreme Court decision against Trump's tariffs raises uncertainty, but markets stay calm
3+ day, 13+ hour ago (544+ words) The decision announced Friday could potentially disrupt arrangements worked out in trade negotiations since Trump announced sweeping tariffs on dozens of countries in April 2025. China's Commerce Ministry said it was conducting a "comprehensive assessment of " the ruling against the tariffs…...
Fed's Waller says rate cut in March is a 'coin flip' following a strong US jobs report
4+ day, 3+ hour ago (526+ words) At the same time, Waller said last month's pickup in hiring, when employers added a more-than-expected 130,000 jobs, could have been a one-time gain. He said he would need to see a similarly positive report next month to conclude the job…...
Global leaders and businesses pore over fallout of more US tariff swoons
6+ day, 1+ hour ago (635+ words) The latest twist in the U.S. tariff roller coaster ride, launched when President Donald Trump returned to office 13 months ago and upended dozens of trading relationships with the world's biggest economy, roiled trade officials from South Korea to South America and…...
US stocks edge lower after reports show both slowing growth and higher inflation
1+ week, 3+ hour ago (555+ words) Wall Street inched slightly lower early Friday but was still clinging to gains made earlier in the week as markets await important data on the state of the U.S. economy. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq…...
US stocks tick higher after the Supreme Court strikes down Trump's sweeping tariffs
1+ week, 6+ hour ago (557+ words) The S&P 500 rose 0.6%. It had been flipping between small gains and losses earlier in the morning following discouraging reports showing slowing growth for the U.S. economy and faster inflation. The Dow Jones Industrial Average was up 124 points, or 0.3%, as of…...
Asian shares are mixed, US futures edge higher as AI fears drag Wall Street lower
1+ week, 1+ day ago (628+ words) U.S. futures edged higher, while oil prices resumed their ascent. Crude prices have been climbing as both the United States and Iran signal they are prepared for war if talks on Tehran's nuclear program fizzle out. Tokyo's Nikkei 225 fell 1.2% to 56,797.22 as…...
US stocks fall as AI fears keep rumbling and oil prices climb
1+ week, 1+ day ago (672+ words) The S&P 500 slipped 0.5% and was heading toward its first loss in four days. The Dow Jones Industrial Average was down 365 points, or 0.7%, with an hour remaining in trading, and the Nasdaq composite was 0.6% lower. Booking Holdings dropped 7.4% for one…...