Economy
Stocks making the biggest moves midday: Apple, Ross Stores, Intuit, Booz Allen Hamilton and more
Check out the companies making headlines in midday trading: Booz Allen Hamilton — Shares of the consulting firm lost 15% after Booz Allen Hamilton said it would cut roughly 2,500 jobs, or 7% of its workforce, citing a slowdown in some government spending under the Trump administration and expected ongoing pressure on its business in […]
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Stocks making the biggest moves premarket: Apple, Tesla, Intuit, Ross Stores and more
Check out the companies making headlines before the bell: Apple — The tech giant saw shares fall 3.5% in premarket trading after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Nuclear stocks — Stocks tied to […]
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Britain’s economy shows signs of positive momentum — but the UK may not be out of the woods just yet
People walk in Trafalgar Square, London, on April 28, 2025. Adrien Fillon | Nurphoto | Getty Images It’s been rare for a string of positive economic news to emerge out of the U.K. in 2025 — but this week in particular has given Britain three reasons to be optimistic. Data on Friday signaled unexpected positive […]
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Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty
Key Points Chicago Fed President Austan Goolsbee said Friday that President Donald Trump’s latest tariff moves have complicated policy and likely put off changes to interest rates. “Everything’s always on the table. But I feel like the bar for me is a little higher for action in any direction while we’re waiting to get some […]
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Trump recommends 50% tariff on European Union starting June 1
President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled. The steep new import duties would start on June 1, Trump wrote on Truth Social. The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are […]
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How Nashville transformed from Music City into a booming business hub
Nashville, Tennessee, has transformed from its reputation as “Music City” into a major U.S. metro thanks to rapid population growth, job opportunities in key industries like healthcare and tech and a good quality of life. It’s now become one of the fastest-growing U.S. cities, boasting a diverse community and a competitive economy. “It’s not […]
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Stocks making the biggest moves after hours: Intuit, Workday, Ross Stores, Deckers and more
Check out the companies making headlines in extended trading. Ross Stores — Shares pulled back more than 11%. Ross withdrew its earlier full-year guidance . The off-price retailer said that it expects second-quarter earnings to range from $1.40 to $1.55 per share, while analysts polled by LSEG sought $1.65 per share. Ross also said that […]
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OpenAI CFO says AI hardware will boost ChatGPT subscriptions in ‘new era of computing’
OpenAI is betting a new “era” of computing will justify the company’s decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced plans on Wednesday to buy iPhone designer Jony Ive’s devices startup io for […]
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Trump tax bill clears the House in a victory for Republicans, advances to the Senate
WASHINGTON — Republicans in the U.S. House of Representatives came together early Thursday to pass President Donald Trump’s “big, beautiful” tax bill out of the chamber on a narrow vote. Every Democrat on the floor voted no, as did Republican Reps. Warren Davidson of Ohio and Thomas Massie of Kentucky. Rep. Andy Harris, R-Md., who […]
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Stocks making the biggest moves midday: Urban Outfitters, Advance Auto Parts, Snowflake, Sunrun and more
Check out the companies making headlines in midday trading. Advance Auto Parts — Shares skyrocketed 55% following a better-than-expected report from the car part retailer. The company lost an adjusted 22 cents per share in the third quarter, narrower than the loss of 82 cents per share anticipated by analysts polled by LSEG. Revenue came […]
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