Breaking News: Economy
U.S. and India aim to more than double bilateral trade to $500 billion in five years, Prime Minister Modi says
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, D.C., U.S., Feb. 13, 2025. Kevin Lamarque | Reuters India and the U.S. will work to more than double bilateral trade to $500 billion by 2030, Indian Prime Minister Narendra Modi said at a joint press conference […]
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Defense stocks drop after Trump says Pentagon spending could be halved
U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025. Kevin Lamarque | Reuters Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending. Trump said Thursday at the White House the U.S. could cut defense spending in […]
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Stocks making the biggest moves midday: Hanesbrands, Reddit, Nvidia, Applovin and more
Check out the companies making headlines in midday trading. Robinhood – Shares of the digital trading platform jumped 11% following its stronger-than-expected fourth-quarter revenue. Robinhood reported revenue of $1.01 billion in the period, topping the consensus estimate of $944.6 million from analysts surveyed by LSEG. Hanesbrands – The apparel stock fell around 18% after fourth-quarter […]
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Producer prices report points to softer Fed inflation measure than feared
A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%, […]
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Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’
DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country’s debt. “It’s like if I was a doctor and I was speaking with you about your condition, I would say to you, this is […]
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Trump reciprocal tariffs could come by Thursday, White House says
U.S. President Donald Trump looks on, as he signs executive orders in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said Wednesday. “I […]
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Stocks making the biggest moves premarket: CVS, Super Micro Computer, Meta Platforms and more
Check out the companies making headlines before the bell: CVS — Shares jumped more than 8% after the pharmacy operator reported fourth-quarter results that beat analysts’ expectations. The company earned an adjusted $1.19 per share on revenue of $97.71 billion. Analysts polled by LSEG expected a profit of 93 cents per share on revenue of […]
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Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the […]
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Watch Fed Chair Powell speak live before House Financial Services Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy. The central bank leader appears before the House […]
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Trump says interest rates should be lowered to go ‘hand in hand’ with his tariffs
U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters President Donald Trump again switched positions on the Federal Reserve, indicating in a social media post Wednesday that interest rates need to come down. “Interest Rates should be lowered, something which […]
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