Your Pulse On America: Live And Unfiltered
Stocks on Wall Street slumped at the start of trading on Wednesday, dragged lower by data that showed consumer prices rose more than expected in January, leaving the Federal Reserve little cause to lower interest rates again soon. The S&P 500 fell roughly 1 percent as trading got underway. The Nasdaq Composite index, which is…
You might even call it a Disney renaissance. After a period of turmoil — culture war spats, whipsawing operating strategies, layoffs, proxy campaigns by activist investors for board seats and strikes in Hollywood, to name just a few of the challenges — Disney has returned to its stable, steamrolling self. Robert A. Iger, the chief…
Markets around the world braced for volatile trading on Monday as investors began to assess the potential fallout from President Trump’s announcement of tariffs on Mexico, Canada and China. On Monday, markets in Japan and South Korea were more than 2 percent lower. The Taiwan Stock Exchange weighted index slumped around 4 percent. Overnight trading…
We have sad news: We are following the latest on the midair collision near Ronald Reagan National Airport outside Washington between an American Airlines flight carrying 64 people and a U.S. Army helicopter with three crew members aboard. No one was believed to have survived the crash, officials said. The C.E.O. of American Airlines has…
Tesla on Wednesday reported a sharp drop in profit for 2024 as rivals in China, Europe and the United States chipped away at its lead in the market for electric cars. The company, which is led by Elon Musk, said it made a profit of $2.3 billion during the last three months of 2024. That…
Howard Lutnick, a wealthy donor to President Trump who has been chosen to lead the Commerce Department, defended Mr. Trump’s plans to impose broad tariffs and said he would take a tough stance on technology sales to China during his Senate confirmation hearing on Wednesday. If confirmed, Mr. Lutnick would lead on trade policy and…
Frontier Airlines on Wednesday said that it offered to buy Spirit Airlines three years after the failure of a previous proposed deal. Frontier valued its stock and cash offer at more than $2.1 billion, far less than the $2.9 billion deal that the airlines had announced in early 2022. Spirit abandoned the earlier agreement in…
A sell-off in the biggest technology companies in the United States rippled into Asia on Tuesday, with stock markets in Japan falling as U.S. markets appeared to stabilize. Japan’s tech-heavy Nikkei 225 fell 1.4 percent with Softbank, the Japanese investment firm with major holdings in the technology sector, falling about 5 percent. Arm Holdings, the…
Nvidia, which soared to the top of the stock market by selling the computer chips fueling the world’s artificial intelligence boom, has been dealt a tough reality check by a small Chinese company that showed it could do more with less of what Nvidia makes. On Monday, shares of Nvidia plunged more than 16 percent…
President Trump is swinging American energy policy sharply in favor of fossil fuels, but oil and gas companies say those changes won’t push them to engage in the frenzy of new drilling that Mr. Trump wants. The oil industry is thrilled by Mr. Trump’s executive orders, which are designed to make life harder for renewable…