Breaking News: Economy
South Korea’s Hybe opens China office amid hopes of a K-pop reversal from Beijing
The Hybe Building in Seoul, South Korea. Sopa Images | Lightrocket | Getty Images South Korea’s largest K-pop agency Hybe has established its first office in China — amid signs that Beijing is lifting its unofficial ban on K-pop shows. The agency behind global sensation BTS has been preparing to establish itself in China since last […]
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Trump tariffs reinstated by appeals court for now
A federal appeals court on Thursday granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs. The Trump administration had earlier told the U.S. Court of Appeals for the Federal Circuit that it would seek “emergency relief” from the Supreme Court as soon as Friday […]
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Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more
Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks if the company continues acquiring. Salesforce did beat fiscal first-quarter estimates and raised its full-year outlook, […]
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Fed Chair Powell told Trump in Thursday meeting that rate decisions would be based on ‘non-political’ analysis
President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell amid the president badgering the central bank for lower interest rates. The central bank confirmed in a release that the meeting occurred, stressing that the future path of monetary policy was not discussed. “At the President’s invitation, Chair Powell met with the President today […]
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Trump could ask Supreme Court to halt tariff block as soon as Friday
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025. Chip Somodevilla | Getty Images The Trump administration said it may ask the U.S. Supreme Court as soon as Friday to immediately pause a federal court ruling blocking many of President […]
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Everyone is talking ‘TACO’ trade. Investors say don’t count on Trump chickening out
“Trump Always Chickens Out,” or TACO, is a gibe that has ruffled the U.S. president’s feathers, and investors have, by now, seen it happening enough times to know his playbook. The phrase, coined by a Financial Times columnist, refers to Donald Trump’s pattern of threatening steep tariffs that rattle markets, only to ease or postpone […]
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Stocks making the biggest moves after hours: Nvidia, Salesforce, HP and more
Check out the companies making headlines in after-hours trading: Nvidia — The artificial intelligence chipmaker’s shares jumped 5% after Nvidia reported better-than-expected quarterly results , as its data center business recorded year-over-year growth of 73%. Nvidia reported first-quarter adjusted earnings per share of 96 cents on revenue of $44.06 billion, higher than analysts’ estimates for […]
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Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show
watch now VIDEO1:4501:45 Fed: Committee well-positioned to wait for more clarity on inflation and economic outlooks Power Lunch Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show. The summary of the May 6-7 meeting of the […]
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Stocks making the biggest moves midday: Abercrombie & Fitch, Okta, Vail Resorts, GameStop and more
Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares of the retailer climbed 19% after Abercrombie & Fitch’s first-quarter earnings and revenue topped Street estimates, led by results at Hollister. Investors looked past A & F cutting its profit guidance and operating margin forecast due to tariffs, which the company […]
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Elon Musk says Trump’s spending bill undermines the work DOGE has been doing
U.S. President Donald Trump and Tesla CEO Elon Musk, alongside Musk’s son X Æ A-Xii, speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House in Washington, D.C., on March 11, 2025. Mandel Ngan | AFP | Getty Images Elon Musk criticized the Republican spending […]
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