Why shares of homebuilders just plunged
CNN
Looming interest rate hikes are slamming US tech stocks, which dropped sharply last week as investors reassessed how higher borrowing costs could hit their portfolios.
But it's not the only sector to take a beating.
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President Donald Trump is, once again, opening the door to firing Federal Reserve Chair Jerome Powell.
Inflation didn’t rise as much as expected last month — but a measurement of underlying price hikes shows a pickup in tariff-related pressures.
Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer.
Shakedown capitalism
Norway’s $2 trillion sovereign wealth fund, the world’s largest, said on Tuesday it expects to divest from more Israeli companies as part of its ongoing review of investments in the country over the situation in Gaza and the West Bank.
Police departments across the country are adopting an AI tool called Draft One, which helps officers write the first draft of police reports. But there are concerns that AI-drafted reports could contain biases or inaccuracies.
Trump’s major gamble on China continues to pay off, with Chinese negotiators willing to make some concessions. Trump has maintained very high tariffs on America’s second-biggest trading partner without tipping the economy into recession. But Xi holds trump cards – including a long-sought meeting and rare earths – that exercise plenty of leverage over Trump, too.
Elon Musk said his artificial intelligence start up xAI will sue Apple for allegedly favoring AI competitors in its App Store in what he called a breach of antitrust regulations.
The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician, Tuesday’s report now comes with some other, unexpected baggage.
The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world’s two largest economies.
Nvidia, the world’s most valuable company
Ford plans to invest billions in new electric vehicle production, calling it the company’s “next Model T moment.”
Elon Musk’s Tesla has applied to the British energy regulator for a license to supply electricity to households in the United Kingdom.