Fears of higher prices caused by President Donald Trump’s tariffs unleashed a burst of spending earlier in the year, but that’s winding down—and the forecaster for shoppers to turn thrifty could weigh on the economy in the coming months.
Retail sales rose 0.1% in April, down from the prior month’s 1.7% increase.
WASHINGTON — The Supreme Court on Thursday granted a Trump administration request that allows the president to fire members of independent federal agencies while suggesting that its legal reasoning would not apply to the Federal Reserve.
The move to pause a lower court ruling formalizes a temporary decision along similar lines on April 9 that allowed President Donald Trump to fire Gwynne Wilcox,
Key takeaways:
The two most bullish events ever imagined by XRP (XRP) advocates happened in 2025, but XRP continues to underperform the cryptocurrency market. On March 6, XRP was listed as a candidate for the United States’ “Digital Asset Reserve,” and Ripple Labs settled a multi-year-long complaint with the US Securities and Exchange Commission on May 8.
» Read more about: XRP price fails to respond to two extremely bullish developments — Here is why »
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Tesla Inc TSLA shares climbed 3.15% to $345.14 Thursday afternoon, extending momentum from a volatile month driven by high-stakes announcements and global developments.
What To Know: Investor sentiment has been buoyed in recent sessions by CEO Elon Musk’s confirmation of “Colossus 2,” a massive AI supercluster powered by Tesla Megapacks and clean energy,
NEW YORK (AP) — Wall Street’s quiet corner is making noise again.
While the bond market is typically seen as slower moving, it can pack a heavy punch when it’s alarmed. And right now, it’s getting worried about how much more Washington is preparing to pile onto its spiraling mountain of debt because of its desire to cut taxes.
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CoreWeave said it intends to use proceeds from the offering to repay existing debt
CoreWeave (CRWV) shares soared 19% Wednesday after the company announced an upsized $2 billion debt offering.
The Nvidia (NVDA)-backed cloud computing company’s offering consisted of senior notes with a 9.25% interest rate due in 2030,
» Read more about: Why Nvidia-Backed CoreWeave's Stock Popped 19% Wednesday »
Shares of IonQ Inc. IONQ soared on Thursday after CEO Niccolo de Masi made bold statements comparing the company’s trajectory to that of Nvidia Corp NVDA.
What To Know: The move follows a Barron’s interview in which de Masi outlined IonQ’s ambitions to dominate the quantum computing sector,
The Dow was cruising to session highs with a half-hour left to go in Thursday’s session.
The blue-chip index was up 230 points, or 0.5%. The S&P 500 was up 0.6%. The Nasdaq Composite was up 0.9%.
Though bond yields briefly spiked prior to the open after the House of Representatives narrowly passed President Donald Trump’s signature tax bill,
» Read more about: Stock Market News Today: Tech Stocks Rise After Tax Bill Passes »
Stocks were choppy Thursday as investors weighed the pros and cons of the Trump administration’s new tax bill. One of the three main indexes did manage to close in positive territory thanks to a big rally in tech stocks.
Ahead of the open, Wall Street was met with news that President Donald Trump’s “big,
» Read more about: Stock Market Today: Stocks Chop After House Passes Trump's Tax Bill »