Economy
The euro zone is ready for a new member: Bulgaria
A worker counts Bulgarian Lev banknotes at a store in Sofia, Bulgaria, on Friday, March 29, 2024. Oliver Bunic/Bloomberg via Getty Images Bulgaria on Wednesday secured the green light to join the euro zone, meaning the bloc could soon grow from 20 to 21 members. The European Commission and European Central Bank both assessed that […]
Read More
The European Central Bank is almost guaranteed to cut rates. Here’s what could happen next
A projected illumination marking the 75th anniversary of the Schuman Declaration, on the Grossmarkthalle building at the European Central Bank headquarters in Frankfurt, Germany, on May 9, 2025. Alex Kraus/Bloomberg via Getty Images The European Central Bank is all but guaranteed to trim its key interest rate on Thursday. Markets were last pricing in an […]
Read More
New Elizabeth Warren report chronicles ‘130 days of Elon Musk’
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Sen. Elizabeth Warren’s office issued a report Tuesday chronicling Elon Musk’s “130 days” in President Donald Trump’s administration, accusing the billionaire of […]
Read More
Stocks making the biggest moves after hours: Hewlett Packard Enterprise, CrowdStrike, Guidewire Software and more
Check out the companies making headlines after hours. Hewlett Packard Enterprise — Shares rose 3%, after the information technology company beat analysts’ expectations on the top and bottom lines. Hewlett Packard Enterprise reported second-quarter adjusted earnings of 38 cents per share on revenue of $7.63 billion. Analysts polled by LSEG had expected earnings of 32 […]
Read More
Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy
Key Points Federal Reserve Governor Lisa Cook raised some concerns regarding the progress on inflation, saying recent lower readings could reverse after tariffs work their way through the economy. President Donald Trump’s trade policy could take a toll on the labor market, she said, even though she suspects the economy is in relatively good shape […]
Read More
Stocks making the biggest moves midday: Bumble, Dollar General, Signet Jewelers, Pinterest and more
Check out the companies making headlines in midday trading: Ferguson Enterprises — Shares surged 15% after the cooling solutions company reported third-quarter adjusted earnings of $2.50 per share, exceeding the $2.01 analysts had predicted, according to FactSet. Ferguson’s $7.62 billion in revenue was also above the $7.42 billion estimate. The company also slightly raised its […]
Read More
Trump’s foreign student policies alarm Rep. Ro Khanna: They’re ’embedded in Silicon Valley’
Democratic Rep. Ro Khanna of California warned Tuesday that the nation’s economy and talent pipeline could take a hit if international students opt against attending colleges in the United States because of President Donald Trump’s visa policies. “The reality is that you have people like Elon Musk who were foreign students, I mean, they have […]
Read More
Meta signs nuclear power deal with Constellation Energy
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry in order to meet the growing power needs of data centers. Beginning in June 2027, Meta will buy roughly 1.1 gigawatts of energy from Constellation’s Clinton Clean Energy Center in Illinois, […]
Read More
Deutsche Bank raises S&P 500 forecast on ‘TACO’ theory: ‘We will get further relents’
Deutsche Bank’s Binky Chadha is bullish again, confident that the Trump administration will continue to back down on tariffs. “Our base case was for a significant rally in equities on a credible relent on trade policies,” the chief U.S. equity and global strategist wrote Tuesday. “In the event, the administration relented earlier than we had […]
Read More
Stocks making the biggest moves premarket: Dollar General, Constellation Energy, Pinterest, Hims & Hers Health and more
Check out the companies making headlines before the bell. Dollar General — Shares of the discount retailer popped more than 10% after the company lifted its annual sales outlook, saying its updated guidance assumes that current tariff rates will remain through mid-August. Dollar General also beat on top and bottom lines for the first quarter. […]
Read More