Month: April 2025
CBP says latest tariffs have generated $500 million, well below Trump’s estimate
Shipping containers, including one of China Shipping, lie on flatbed railway cars as dock cranes stand behind at Hamburg Port on April 15, 2025 in Hamburg, Germany. Sean Gallup | Getty Images News | Getty Images U.S. Customs and Border Protection appears to be contradicting President Donald Trump’s comments on the daily revenue generated by […]
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Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth
Federal Reserve Chair Jerome Powell expressed concern in a speech Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth. With uncertainty elevated over what impact President Donald Trump’s tariffs will have, the central bank leader said that while he expects higher inflation and lower growth, it’s […]
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Here’s why retirees shouldn’t fully ditch stocks
Key Points Retirees may feel they’re protecting their nest eggs by getting out of stocks entirely. However, by doing so they’d increase their risk of outliving their savings during retirement, which may last decades, experts said. Source
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Abbott Labs shares surge on earnings and a big sign of confidence in the business
Shares of Abbott Laboratories jumped Wednesday after the diversified health-care company delivered strong first-quarter results and left its earnings guidance intact — a big sign of confidence in an uncertain time. Revenue in the three months ended March 31 rose 4% to $10.36 billion, narrowly missing the consensus of $10.4 billion, according to estimates compiled […]
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Watch Fed Chair Powell speak live on policy to the Economic Club of Chicago
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday afternoon at the Economic Club of Chicago, delivering policy remarks with markets on edge over the effect of President Donald Trump’s tariffs. The […]
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Stocks making the biggest moves midday: Nvidia, ASML, Advanced Micro Devices and more
Check out the companies making headlines in midday trading: Nvidia — Shares tumbled more than 7% after Nvidia said it will record a $5.5 billion charge tied to exporting H20 graphics processing units to China, along with other destinations. The company said in a regulatory filing that the U.S. government informed Nvidia it would require […]
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Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025. Brittany Hosea-small | Reuters Technology stocks declined Wednesday, led by a 8% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump’s sweeping tariff plans could hamper demand […]
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Wall Street trading desks are feasting on the volatility from Trump’s global upheaval
U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | Reuters Wall Street banks just posted their biggest-ever haul from stock trading as the opening months of President Donald Trump’s tenure led to upheavals […]
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Judge finds probable cause to hold Trump administration in criminal contempt in deportation flights case
U.S. President Donald Trump arrives for a presentation of the Commander-in-Chief trophy to the U.S. Navy Midshipmen football team of the United States Naval Academy, at the White House in Washington, D.C., U.S., April 15, 2025. Evelyn Hockstein | Reuters A federal judge found probable cause to hold the Trump administration in criminal contempt for […]
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OpenAI says newest AI model can ‘think with images,’ understanding diagrams and sketches
Sam Altman Co-founder and CEO of OpenAI speaks during the Italian Tech Week 2024 at OGR Officine Grandi Riparazioni on September 25, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images OpenAI has released its latest artificial intelligence model, which it said is capable of “thinking with images,” meaning it can […]
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