Month: April 2025
Stock futures slip after major averages post back-to-back gains: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 23, 2025. Brendan McDermid | Reuters Stock futures slipped Thursday after the major averages posted a second straight winning day. Futures linked to the S&P 500 were down 0.5%, while Nasdaq-100 futures traded 0.7% lower. Dow Jones […]
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Adobe to launch mobile app for AI image generation tool as OpenAI steps up rivalry
Adobe’s new artificial intelligence image models, Firefly Image Model 4 and Firefly Image Model 4 Ultra, can generate hyper-realistic pictures in response to user prompts. Adobe LONDON — Adobe plans to launch a mobile version of its artificial intelligence image generation tool Firefly, stepping up a challenge to OpenAI as the Microsoft-backed startup advances its […]
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World’s largest sovereign wealth fund reports $40 billion loss in first quarter on tech downturn
The facade of Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Bloomberg | Bloomberg | Getty Images Norges Bank Investment Management — the largest sovereign wealth fund in the world — on Thursday reported a first-quarter loss of 415 billion kroner ($40 billion), citing weakness in the tech sector. “The quarter has been […]
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Shares of Gucci-owner Kering drop after first-quarter sales slump
A Gucci luxury boutique in Paris, France, on Tuesday, Oct. 22, 2024. Bloomberg | Getty Images Shares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead. Revenues at the fashion giant plunged 14% year-on-year in the first quarter to 3.9 billion euros […]
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Indonesia plans to import more from the U.S. to ‘narrow’ trade surplus, finance minister says
The Semanggi overpass in Jakarta, Indonesia. Fadil Aziz | The Image Bank | Getty Images U.S. President Donald Trump’s tariffs have pushed countries to look for ways to improve their trade balance with the U.S. and negotiate the extent of duties levied on their imports. Indonesia’s plan now is to “narrow,” or even eliminate its […]
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China says no ongoing trade talks with the U.S., calls for canceling ‘unilateral’ tariffs
Steel piled up at Guoyuan Port in Chongqing, China, on April 20, 2025. Cfoto | Future Publishing | Getty Images BEIJING — China on Thursday said that there were no ongoing discussions with the U.S. on tariffs, despite indications from the White House this week that there would be some easing in the tensions. “At […]
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Fewer Americans are planning summer vacations. Travel costs aren’t the top reason
Fewer Americans are planning to travel this summer, according to a survey by the consumer finance company Bankrate. Some 46% of respondents said they are planning a summer vacation this year — down from 53% in 2024. Of those who don’t intend to travel, nearly two-thirds (65%) said money was the main reason. However, it’s […]
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Why gold became the safe haven of choice as U.S. Treasurys and dollar sold off
One kilogram gold bars at the ABC Refinery smelter, operated by Pallion, in Sydney, Australia, on Thursday, April 17, 2025. Brendon Thorne | Bloomberg | Getty Images Gold prices have been on a tear with the recent trade turmoil driving investors to the safe haven, while competing assets such as the U.S. Treasurys and the […]
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Tariffs will harm us all, European officials warn — with more work needed to reach a trade deal
U.S. President Donald Trump looks on, on the day he signs executive orders in the Oval Office at the White House in Washington, D.C., U.S., April 23, 2025. Leah Millis | Reuters European officials say they’re optimistic a trade deal can be reached with U.S. President Donald Trump, warning of significant economic harm to both […]
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Japan is wooing retail investors by lowering entry barriers to investing in this stock market
The font entrance of the Tokyo Stock Exchange (TSE) in Tokyo, Japan, on Monday, Aug. 5, 2024. Noriko Hayashi | Bloomberg | Getty Images Japan’s Tokyo Stock Exchange is asking listed companies to reduce their minimum investment thresholds to attract smaller retail investments. Current guidelines suggest companies keep the minimum investment below 500,000 yen ($3,500). […]
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