Your Pulse On America: Live And Unfiltered
American fund managers are lobbying Congress over a provision tucked inside President Donald Trump’s tax bill that they say could lead to foreign investors “quickly” pulling investments out of the U.S. The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives in May, aims to penalize foreign-owned firms operating in the…
The Walt Disney Company and Universal, two of the biggest names in theme parks, are both undertaking historic expansions to their experiences businesses. Universal Orlando Resort in May opened the gates to Epic Universe, its fourth theme park at its flagship resort. Epic cost an estimated $7 billion to build, according to numbers provided by…
For investors, the stakes are high for Apple to deliver at its developer conference this week. Apple holds its annual Worldwide Developers Conference in Cupertino, California this week, opened by a keynote address Monday by CEO Tim Cook that many hope will have unveil an artificial intelligence strategy compelling enough to kickstart a new iPhone…
Various whiskey bottles on shelves in a bar. Hiob | Istock | Getty Images Global spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits. French cognac maker Rémy Cointreau on Wednesday became the latest spirits maker, following Diageo and Pernod Ricard, to…
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and the downwardly revised 147,000 that the U.S. economy added in April. The unemployment…
A few months of market swings have taken a toll on retirement savers. The average 401(k) balance fell 3% in the first quarter of 2025 to $127,100, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans. The average individual retirement account balance also sank 4% from the previous quarter…
U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters President Donald Trump on Wednesday angrily urged Federal Reserve Chairman Jerome Powell to cut interest rates, minutes after…
Lisa Cook, governor of the US Federal Reserve, speaks during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Lisa Cook expressed concern Tuesday with the progress on inflation, saying recent lower readings could reverse after tariffs work their way through…
LOS ANGELES, CALIFORNIA – MARCH 30: An Alaska Airlines Boeing 737 airplane departs Los Angeles International Airport en route to Washington D.C. on March 30, 2025 in Los Angeles, California. (Photo by Kevin Carter/Getty Images) Kevin Carter | Getty Images News | Getty Images Alaska Airlines plans to start its first flights to Europe next…
This year has already packed a lot of action into stocks: an aggressively bullish start, a swift correction, and a full recovery from those April losses. But based on the the flows into the U.S. exchange-traded funds, where much of the daily trading action occurs across asset classes, the message coming through most clearly from…