Economy
Everyone is talking ‘TACO’ trade. Investors say don’t count on Trump chickening out
“Trump Always Chickens Out,” or TACO, is a gibe that has ruffled the U.S. president’s feathers, and investors have, by now, seen it happening enough times to know his playbook. The phrase, coined by a Financial Times columnist, refers to Donald Trump’s pattern of threatening steep tariffs that rattle markets, only to ease or postpone […]
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Credit default swaps are back in fashion — even if the panic might be overblown
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on May 27, 2025, in New York City. Timothy A. Clary | Afp | Getty Images Investors are getting nervous the U.S. government might struggle to pay its debt — and they are snapping up insurance in case it […]
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Stocks making the biggest moves after hours: Nvidia, Salesforce, HP and more
Check out the companies making headlines in after-hours trading: Nvidia — The artificial intelligence chipmaker’s shares jumped 5% after Nvidia reported better-than-expected quarterly results , as its data center business recorded year-over-year growth of 73%. Nvidia reported first-quarter adjusted earnings per share of 96 cents on revenue of $44.06 billion, higher than analysts’ estimates for […]
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Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show
watch now VIDEO1:4501:45 Fed: Committee well-positioned to wait for more clarity on inflation and economic outlooks Power Lunch Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary with interest rate policy, minutes released Wednesday show. The summary of the May 6-7 meeting of the […]
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Stocks making the biggest moves midday: Abercrombie & Fitch, Okta, Vail Resorts, GameStop and more
Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares of the retailer climbed 19% after Abercrombie & Fitch’s first-quarter earnings and revenue topped Street estimates, led by results at Hollister. Investors looked past A & F cutting its profit guidance and operating margin forecast due to tariffs, which the company […]
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Stocks making the biggest moves premarket: Macy’s, GameStop, Dick’s Sporting Goods, Joby Aviation and more
Check out the companies making headlines in premarket trading. Macy’s — The department store added more than 2% after the company reported earnings that beat estimates . Macy’s also slashed its profit outlook as a result of higher tariffs and more aggressive company promotions. Okta — The identity management software firm pulled back about 10% […]
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Elon Musk says Trump’s spending bill undermines the work DOGE has been doing
U.S. President Donald Trump and Tesla CEO Elon Musk, alongside Musk’s son X Æ A-Xii, speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House in Washington, D.C., on March 11, 2025. Mandel Ngan | AFP | Getty Images Elon Musk criticized the Republican spending […]
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Japan’s bond market ignites fears of outflows from U.S., carry trade unwind and market turmoil
The Bank of Japan headquarters in Tokyo, Japan, on Sept. 27, 2021. Toru Hanai | Bloomberg | Getty Images Japan’s bond market is igniting fears of capital flight from the U.S. and a carry trade unwind as long-dated yields hover near record highs. Yields resumed their move higher Wednesday as demand for 40-year government bonds […]
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The U.S.’ AI love affair with the UAE isn’t just about access — it’s about dominance
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Giuseppe Cacace | Afp | Getty Images DUBAI, United Arab Emirates — Deep in the oil-rich deserts of the Middle East, the United Arab Emirates is on […]
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Australia’s consumer inflation holds steady in April, rate cuts still in view
Customers purchase produce from stalls at Carriageworks Farmers Market in Sydney, Australia, on Saturday, April 26, 2025. Bloomberg | Bloomberg | Getty Images Australian consumer inflation held steady in April as higher health and holiday costs offset a drop in petrol prices, although the monthly measure tends to be volatile and left hopes for more interest rates […]
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