Economy
Germany finally has a leader. Now comes the hard part for Friedrich Merz
Friedrich Merz, Germany’s chancellor, takes the chancellor’s seat, after swearing an oath, at the Bundestag in Berlin, Germany, on Tuesday, May 6, 2025. Krisztian Bocsi | Bloomberg | Getty Images After some dramatics, and around 10 weeks after the German election, Europe’s largest economy finally has a leader: Friedrich Merz. His ascension didn’t come easy […]
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China to cut key rates by 10 points, bank reserve requirement by 50 points in bid to boost economy
BEIJING, CHINA – MARCH 06: Pan Gongsheng, governor of the People’s Bank of China, attends a new conference on economy for the third session of the 14th National People’s Congress (NPC) on March 6, 2025 in Beijing, China. Visual China Group | Getty Images China’s central bank and financial regulators announced sweeping plans on Wednesday […]
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Trump officials to meet with Chinese counterparts on trade, economic matters
US Secretary of Treasury Scott Bessent speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, DC, on April 29, 2025. Mandel Ngan | Afp | Getty Images President Donald Trump’s Treasury Secretary, Scott Bessent, and top trade official Jamieson Greer will meet with their Chinese counterparts in Switzerland […]
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Stocks making the biggest moves after hours: Super Micro Computer, Wynn Resorts, Electronic Arts and more
Check out the companies making headlines in after-hour trading. Arista Networks — Shares of the cloud computing stock slid 7%. First-quarter revenue narrowly beat LSEG consensus estimates, coming in at $2.00 billion, versus the $1.97 billion the Street expected. Adjusted earnings also beat estimates, landing at 65 cents a share, compared to the 59 cents […]
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The economy is showing signs of weakening. Here’s what it means for investors hunting yield
Cracks are starting to appear in the economy, and that means now is a good time for investors to get a little pickier about where they dig for portfolio income. The first-quarter U.S. gross domestic product reading , released last week, showed the economy shrank 0.3% as uncertainty around President Donald Trump’s trade policies dragged […]
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The Fed meets with uncertainty permeating the air. Here’s what to expect
Key Points The Federal Reserve heads into its closely watched policy decision Wednesday with a strong incentive to do absolutely nothing. Market pricing in the futures markets are implying almost no chance of an interest rate cut at this week’s meeting, and only about a 1-in-3 probability of a cut at the June 17-18 session. […]
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Trump downplays tariff deals as U.S. trade talks falter
U.S. President Donald Trump meets with Canadian Prime Minister Mark Carney (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., May 6, 2025. Leah Millis | Reuters “The Art of the Deal” author President Donald Trump said in a surprising comment Tuesday that the United States does not need to “sign […]
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Stocks making the biggest moves midday: Palantir, Tesla, DoorDash, Ford and more
Check out the companies making headlines in midday trading: Palantir — Shares tumbled 13.4%. Palantir posted $884 million in first-quarter revenue , while analysts polled by LSEG penciled in $863 million. However, earnings per share came in line with Wall Street expectations at 13 cents. Ford Motor — The automaker advanced 3.2% on better-than-expected first-quarter […]
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Stocks making the biggest moves midday: Palantir, Tesla, DoorDash, Ford and more
Check out the companies making headlines in midday trading. Palantir — Shares tumbled 13.4%. Palantir posted $884 million in first-quarter revenue , while analysts polled by LSEG penciled in $863 million. However, earnings per share came in line with Wall Street expectations at 13 cents. Ford Motor – The automaker advanced 3.2% on better-than-expected first-quarter […]
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Trump belittles Canada before Carney meeting: ‘We don’t need ANYTHING they have’
President Donald Trump on Tuesday sharply questioned the United States’ trade relationship with Canada just minutes before he was scheduled to meet Canadian Prime Minister Mark Carney at the White House. Trump said on Truth Social that he was looking forward to meeting and working with Carney, but that he “cannot understand” why the U.S. […]
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