Day: June 17, 2025
Asia-Pacific stock markets are set to open lower as Iran-Israel conflict dents investor sentiment
View of the Skytree from Ueno and Asakusa in Tokyo Jackal Pan | Moment | Getty Images Asia-Pacific markets were set to fall Wednesday, as escalating tensions between Israel and Iran weigh on investor sentiment. Adding fuel to fire, U.S. President Donald Trump is weighing a military strike on Iran, while demanding the country’s leader […]
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Judge blocks Trump passport policy targeting transgender people
American Passports. Peter Garrard Beck | The Image Bank | Getty Images A federal judge on Tuesday blocked President Donald Trump’s administration from refusing to issue passports to transgender and nonbinary Americans nationwide that reflect their gender identities. U.S. District Judge Julia Kobick in Boston expanded a preliminary injunction she issued in April that allowed just six transgender and nonbinary individuals […]
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Monopoly maker Hasbro cuts 3% of total workforce amid higher tariff costs
The Hasbro Inc. logo is seen on a toy for sale in a store in Manhattan, New York, on Nov. 16, 2021. Andrew Kelly | Reuters Toy seller Hasbro has cut 3% of its global workforce in its latest cost-cutting effort amid higher U.S. tariffs on toys from China. The job cuts amount to about 150 employees. According […]
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Musk’s xAI on track to raise $5 billion in fresh debt, following modest demand
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Elon Musk’s xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with […]
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The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect
Federal Reserve Chair Jerome Powell. Chip Somodevilla | Getty Images Federal Reserve officials get to voice their outlook this week on the future path of interest rates along with the impact that tariffs and Middle East turmoil will have on the economy. While any immediate movement on interest rates seems improbable, the policy meeting, which […]
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Stock futures slip ahead of the Federal Reserve’s rate decision: Live updates
Traders work at the New York Stock Exchange on June 17, 2025. NYSE U.S. stock futures inched lower on Tuesday night, as traders brace for the Federal Reserve’s rate policy decision due Wednesday afternoon. Futures tied to the Dow Jones Industrial Average slipped 99 points, or 0.2%. S&P 500 futures shed 0.2%, while Nasdaq 100 […]
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Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win
The World Liberty Financial website arranged on a smartphone in New York, US, on Wednesday, Feb. 12, 2025. Gabby Jones | Bloomberg | Getty Images The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private […]
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Trump to extend TikTok deadline for third time, pushing decision out another 90 days
Muhammed Selim Korkutata | Anadolu | Getty Images For a third time since taking office in January, President Donald Trump plans to extend a deadline that would require China’s ByteDance to divest TikTok’s U.S. business. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” White House Press Secretary Karoline […]
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U.S. Treasury yields slide after retail sales tumbled in May, raising recession fears
U.S. Treasury yields fell on Tuesday after retail sales narrowed more than Wall Street economists had expected, lifting bond prices and raising concern that the economy is headed for a slowdown or even a recession. The yield on the benchmark 10-year Treasury note fell more than 6 basis points to 4.387%, while the 2-year Treasury […]
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AWS’ custom chip strategy is showing results, and cutting into Nvidia’s AI dominance
Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabytes per second of network bandwidth, what the company calls the highest offering in the public cloud. Ali Saidi, a distinguished engineer at AWS, likened the speed to a machine reading 100 music CDs a second. Graviton4, a central […]
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