Economy
Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges
Key Points Fed Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. “We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks,” the central bank […]
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Stocks making the biggest moves premarket: Walmart, Dick’s Sporting Goods, UnitedHealth, Alibaba and more
Check out the companies making headlines before the bell. Walmart – The discount retailer reported better-than-expected earnings , but shares were slightly lower in the premarket. Walmart posted an adjusted profit of 61 cents per share, beating an LSEG estimate of 58 per share. Revenue of $165.61 billion was about in line with the consensus […]
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Germany backs Trump’s push for 5% NATO defense spending target
Johann Wadephul (CDU), Federal Foreign Minister, makes a statement during an informal meeting of NATO foreign ministers. Sebastian Gollnow/picture alliance via Getty Images Germany is backing U.S. President Donald Trump’s call to increase the defense spending target of NATO members to 5% of their individual gross domestic product, German Foreign Minister Johann Wadephul said Thursday. […]
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Group of 21 economies — including U.S. and China — warns of growth slowdown over trade tensions
SEOUL, SOUTH KOREA – 2025/04/16: An APEC 2025 large-scale promotional video and a statue of King Sejong the Great are seen at Gwanghwamun Square in central Seoul. Sopa Images | Lightrocket | Getty Images An intergovernmental grouping of 21 economies including the United States and China warned Thursday that their collective growth risks a sharp […]
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The world’s best airport is building a mega terminal to ride the travel boom in Asia
Asia is set to see a travel boom, and countries in the region are gearing up to exploit this surge in demand. Singapore’s Changi Airport on Wednesday broke ground on its fifth terminal, which is expected to be operational in the mid-2030s. The new terminal, which sits on a plot of land 1,080 hectares large, […]
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Stocks making the biggest moves midday: Oklo, eToro, Super Micro Computer, Nvidia, JD.com and more
Check out the companies making headlines in midday trading: Oklo — Shares soared more than 16% on the heels of the nuclear startup’s narrower-than-anticipated loss for the first quarter. Oklo posted a loss of 7 cents per share for the period compared to the loss of 11 cents per share analysts polled by FactSet had […]
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Stocks making the biggest moves premarket: Nvidia, Super Micro, American Eagle Outfitters, UnitedHealth and more
Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance “due to macro uncertainty.” The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro […]
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Why the wealthy can’t find enough people to manage their money
Family offices are set to grow at a rapid pace as the ultra-rich look for personalized services to handle their wealth. But they are struggling to find money managers. As of last September, there were 8,030 family offices globally managing $3.1 trillion in assets, according to Deloitte’s recent statistics. By 2030, the number of […]
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Stocks making the biggest moves midday: Nvidia, Boeing, Coinbase, First Solar and more
Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s 500 megawatt data center. UnitedHealth Group — The insurance stock tumbled 16% to trade at […]
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Chuck Schumer pauses Trump Justice Department nominees over Qatari jet
Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference with other members of Senate Democratic leadership following a policy luncheon at the U.S. Capitol in Washington, DC May 6, 2025. Nathan Posner | Anadolu | Getty Images Senate Minority Leader Chuck Schumer announced Tuesday that he is putting a hold on Department of […]
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