Stocks close out choppy day after Trump calls for ousting Fed Chair Powell
New York
CNN
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US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell.
Stocks initially wavered Thursday morning after Trump called for Powell’s “termination” for not cutting interest rates fast enough — a criticism he has levied multiple times in a long-standing feud between the president and the Fed chair.
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To help you understand the trends surrounding AI and other new technologies and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts. (Get a free issue of The Kiplinger Letter or subscribe).
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The past decade has seen one of the strongest bull markets in history, with the S&P 500 index posting a 10-year return of 182.9% through February 2025. Yet a select club of exchange-traded funds (ETFs) no one wants to join managed to defy a broadly rising market and destroy billions in shareholder value.
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President Trump offered an update on negotiations with the US’s trading partners during the 90-day pause on his additional reciprocal tariffs.
“We’re doing very well with negotiations, I think, with all countries,” Trump said to reporters after meeting with Italian Prime Minister Giorgia Meloni on Thursday. “We have a lot of countries that want to make a deal.
Read MorePanic selling hits Australian energy stocks; Woodside, Santos slump
Australian energy stocks bore the brunt of fears of a further decline in oil prices after U.S. President Donald Trump’s reciprocal tariffs rattled global markets.
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Tesla’s Wild Ride: How Low Could the EV Giant Go?
Shares of EV major Tesla (NASDAQ:TSLA) have been defying gravity for years, rewarding longtime shareholders with very remarkably healthy returns. This year, though, TSLA has retreated on a combination of weakening outlook and the growing controversies surrounding Elon Musk.
What’s pushing Tesla shares lower, and how much more could the EV giant fall if it can’t regain its footing?
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The $1 Trillion Buyback Boom, Who’s Spending Most to Boost Their Stock?
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Goldman Sachs projects that S&P 500 buybacks will hit a record-breaking $1 trillion in 2025,
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Read MoreThe Spotlight
1 Defense Contractor Going Global
Lockheed Martin Corporation (NYSE:LMT) is doing very well and making great progress with its 21st Century Security® strategy. The bold plan concentrates on three main initiatives that aim to boost the company’s role in the defense and aerospace industries.
The first initiative focuses on making Lockheed Martin’s production system stronger and able to handle more.