Britain’s economy shrank more than expected in April following a tax hike on UK businesses and a record drop in exports to the United States due to President Donald Trump’s tariffs,
» Read more about: UK economy shrinks in April as US tariffs kick in »
Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount.
Gross domestic product contracted by an estimated 0.3% that month – after expanding 0.2% in March – according to the Office for National Statistics,
US wholesale inflation rose slightly in May.
The latest Producer Price Index, a closely watched measurement of wholesale inflation, showed that prices paid to producers rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
» Read more about: US wholesale inflation heated up in May »
Investors are on the edge of their seats as Tesla’s robotaxi launch is reportedly around the corner.
Tesla (TSLA 0.07%) is primarily known for two things: electric vehicles (EV) and energy storage. For years, however, the company’s eccentric CEO Elon Musk has been talking about a vision for the company that’s rooted in artificial intelligence (AI).
There’s a lot of uncertainty these days. Economists don’t know how much tariffs and other policy changes will impact the economy. That can make it difficult to confidently invest.
Here are some top stocks trending on Yahoo Finance in premarket trading:
Oracle (ORCL) stock rose 8% in premarket trading on Thursday after the tech company raised its annual forecast, driven by demand for its AI related cloud services.
The stock market has been overwhelmed by uncertainty so far this year. Ongoing negotiations related to President Donald Trump’s tariffs, mixed economic data,
Stock futures fell sharply early Thursday, pointing to a rocky open as Wall Street grapples with a tragic plane crash involving Dow component Boeing (BA) and digests a blockbuster earnings report from software giant Oracle (ORCL).
Futures tied to the Dow Jones Industrial Average were down 305 points,
Dividend Aristocrats — S&P 500 companies with 25+ years of consecutive dividend increases — provide reliable income.
» Read more about: 3 Dividends Aristocrats at 52-Week Lows. Time to Back Up the Truck? »
Tesla stock took a big dip in June as CEO Elon Musk and President Donald Trump argued over pending legislation.
Tesla’s market share is sinking, but Rivian is not picking up the gains.
Rivian is a risky stock as the company bets on an upcoming cheaper model to drive growth in sales and deliveries.
» Read more about: Tesla Stock Crash: Time to Rotate and Buy Rivian Instead? »