Breaking News: Economy
AI could affect 40% of jobs and widen inequality between nations, UN warns
Artificial intelligence robot looking at futuristic digital data display. Yuichiro Chino | Moment | Getty Images Artificial intelligence is projected to reach $4.8 trillion in market value by 2033, but the technology’s benefits remain highly concentrated, according to the U.N. Trade and Development agency. In a report released on Thursday, UNCTAD said the AI market […]
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Small-cap benchmark Russell 2000 becomes first major U.S. stock measure to enter bear market
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 3, 2025. Charly Triballeau | Afp | Getty Images Small-cap stocks, which were once thought to be primary beneficiaries of President Donald Trump’s policies, entered bear market territory on Thursday after a […]
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Stocks making the biggest moves midday: Lululemon, Nike, Tesla, Nvidia and more
Check out the companies making headlines in midday trading: Lululemon — The athleisure company saw shares plunging more than 11% after President Donald Trump’s imposition of tariffs on countries where the firm imports a big portion of its products. In 2024, Lululemon sourced 40% of its products from Vietnam, which was hit by a 46% […]
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How did the U.S. arrive at its tariff figures?
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 Markets have turned their sights on how President Donald Trump’s administration arrived at the figures behind the sweeping tariffs on U.S. imports declared Wednesday, which sent […]
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Tech stocks sink after Trump tariff rollout — Apple heads for worst drop in 5 years
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Technology […]
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Trump tariffs live updates: Markets shaken as global trade tensions escalate
Tariffs will raise the price of footwear, major trade group says Illuminated trademark of the American athletic footwear and apparel corporation Nike Inc. seen on its store window in Antwerp, Belgium. Karol Serewis | Lightrocket | Getty Images New tariffs will raise the price of shoes that Americans buy and lead to cheaper quality merchandise, […]
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Plaid raises funding at $6 billion valuation, enabling some employees to cash out
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images Plaid on Thursday announced a new funding round that values the fintech startup at $6 billion, down from $13.4 billion in 2021. The new […]
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Here’s where Apple makes its products — and how Trump’s tariffs could have an impact
Apple’s iPhone 16 at an Apple Store on Regent Street in London on Sept. 20, 2024. Rasid Necati Aslim | Anadolu | Getty Images Apple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are set to hit those countries too. […]
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Trump’s tariffs leave gadget makers in crisis: ‘I’m going to run out of appliances’
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | Reuters When President Donald Trump made it clear that he was serious about implementing dramatic tariffs on top U.S. trading […]
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Stocks making the biggest moves midday: Tesla, Trump Media, Amazon, Rivian Automotive and more
Check out the companies making headlines in midday trading: Tesla — Shares jumped more than 5%. Politico , citing three Trump insiders, reported President Donald Trump told members of his inner circle that Tesla CEO Elon Musk could leave his current role in the coming weeks. Later, the White House called the report “garbage,” but […]
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