Market News Explorer
Stay informed with the latest market news and analysis.
Trump’s Tariffs Would Deal a Big Blow to the Auto Industry
Nov 26, 2024, 11:31 AM
Automakers and parts suppliers would struggle if President-elect Donald J. Trump followed through on his threat to impose 25 percent tariffs on imports from Canada and Mexico.
Biden Cuts Intel’s Chip Award by More Than $600 Million
Nov 26, 2024, 5:04 AM
The Silicon Valley company will receive less money from the CHIPS Act after winning a $3 billion military contract and changing some of its investment commitments.
Rob Gronkowski says he's invested in Apple, labels the stock his 'best investment'
Nov 26, 2024, 2:55 PM
Former Patriots and Buccaneers superstar tight end Rob Gronkowski revealed that his shares in tech giant Apple have proven to be his "best investment" to date.
Fed Minutes Show Options Are Open on Interest Rate Cuts
Nov 26, 2024, 2:34 PM
Minutes from a Nov. 6-7 meeting showed that Federal Reserve policymakers saw the labor market stabilizing and signs of economic strength.
Trump's new tariff threats show he 'doesn't see allies, only adversaries'
Nov 26, 2024, 2:17 PM
A threat of new tariffs from President-elect Donald Trump has Wall Street telling clients this may only be the beginning of a new era for US trade policy.
Stock market today: S&P 500 eyes fresh record as Wall Street shrugs off Trump's tariff threat
Nov 26, 2024, 2:07 PM
Investors are assessing the likelihood Trump will deliver on his threat to impose fresh tariffs on China, Canada and Mexico.
Fed officials see interest rate cuts ahead, but only 'gradually,' meeting minutes show
Nov 26, 2024, 2:03 PM
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace.
Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out
Nov 26, 2024, 1:40 PM
Databricks is raising at least $5 billion in cash — though it could raise as much as $8 billion — pegging its new valuation at $55 billion, sources say.
U.S. trade partners warn Trump tariffs would harm all involved
Nov 26, 2024, 12:24 PM
In their initial round of responses to Trump's surprise announcement on Monday for a 25% tariff on imports from Canada and Mexico and an additional 10% levy on Chinese goods until they clamped down on illicit drugs and migrants crossing the border, leaders and other top officials urged dialogue and cooperation. "To one tariff will come another and so on, until we put our common businesses at risk," Mexican President Claudia Sheinbaum said during a regular press conference.
How President-elect Donald Trump may impact investors in these 8 market sectors
Nov 26, 2024, 12:24 PM
President-elect Donald Trump's agenda carries risks and rewards for various investment sectors, market experts said.
DEI rollback reaches Walmart as backlash mounts: 'This is the biggest win yet'
Nov 26, 2024, 12:07 PM
Walmart is scaling back some of its diversity initiatives, becoming one of the most prominent companies yet to make such an about-face as activist pressure builds.
Fed's Goolsbee makes case for lower interest rates
Nov 26, 2024, 11:51 AM
Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.
California may exclude Tesla from EV rebate program
Nov 26, 2024, 11:42 AM
California Gov. Gavin Newsom may exclude Tesla and other automakers from an EV rebate program if the incoming Trump administration scraps a federal tax credit for EV purchases.
Donald Trump lays down his first marker on tariffs. What happens next could be unpredictable.
Nov 26, 2024, 10:35 AM
It took Donald Trump three weeks to provide his first concrete signal that he is serious about imposing new tariffs, setting up a flurry of diplomatic and legal maneuverings in the weeks and months to come.
Kohl's shares tumble on earnings miss, CEO to step down in January
Nov 26, 2024, 10:31 AM
Kohl's announced that CEO Tom Kingsbury is stepping down in January. He will be replaced by Ashley Buchanan, the current chief executive of arts and crafts retailer Michaels.
New Amgen Drug MariTide Shows Promising Weight Loss in Early Data
Nov 26, 2024, 10:11 AM
The drug, which is named MariTide and delivered in a monthly injection, is years from being sold, but caused an average of up to 20 percent weight loss in a small group of patients.
LinkedIn: We're too boring for kids for social media ban
Nov 26, 2024, 7:41 AM
It is one of a number of tech firms pushing back against Australia's plan to ban social media for under-16s.
Trump aims for Obama-like federal deficits
Nov 26, 2024, 9:32 AM
Trump's pick for Treasury secretary wants to cut federal deficits to the levels of Barack Obama's presidency. Those days are long gone.
Vauxhall owner to close Luton plant
Nov 26, 2024, 9:47 AM
Car giant Stellantis, which owns Vauxhall, has announced it will close its van factory in Luton.
Stock market today: S&P 500, Nasdaq edge up as Wall Street weighs Trump's tariff threat
Nov 26, 2024, 9:41 AM
Investors are assessing the likelihood Trump will deliver on his threat to impose fresh tariffs on China, Canada and Mexico.
Has Social Media Advice Affected Your Finances? We Want to Hear From You.
Nov 26, 2024, 9:31 AM
If you have come across misleading personal finance advice online, tell us. We may include your experiences in an article.
Trump tariffs: President-elect is serious but it's not about trade
Nov 26, 2024, 8:45 AM
The US president-elect is using tariffs as a weapon of diplomacy, even coercion, says BBC economics editor Faisal Islam.
Which major restaurants will be open on Thanksgiving?
Nov 26, 2024, 8:15 AM
Some major restaurants are open on Thanksgiving for those last-minute planners looking to celebrate the holiday without the hassle of cooking.
Trump’s Tariff Threat Roils Global Markets
Nov 26, 2024, 8:06 AM
The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners.
Black Friday shoppers warned to be wary of deals
Nov 26, 2024, 7:43 AM
Nine out of 10 Black Friday offers are cheaper or the same price at other times of the year, Which? finds.
Stock market today: Dow, S&P 500, Nasdaq futures edge higher as Wall Street weighs Trump's tariff threats
Nov 26, 2024, 6:58 AM
Investors are assessing the likelihood Trump will deliver on his threat to impose fresh tariffs on China, Canada and Mexico.
Banco BPM says UniCredit's 'unusual' $10.5 billion takeover offer does not reflect its profitability
Nov 26, 2024, 6:54 AM
UniCredit offered to snap up Banco BPM for roughly $10.5 billion on Monday.
Electric car sales targets could be eased as demand flags
Nov 26, 2024, 6:36 AM
The government faces pressure from the industry to make changes to electric vehicle sales quotas.
Wall Street still doesn't know what to make of Donald Trump: Morning Brief
Nov 26, 2024, 6:00 AM
Wall Street's debate over what parts of Donald Trump's proposed policies will actually be enacted in 2025 have led to a choppy few weeks of trading action.
Bristol electric 'flying taxi' firm gets £39m cash lifeline
Nov 26, 2024, 3:58 AM
Vertical Aerospace will now be controlled by an American financier after the multi-million deal.
After Trump’s Tariff Threat, Is a China Currency War Next?
Nov 26, 2024, 5:15 AM
While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.
4 ways Scott Bessent's honeymoon as Trump's Treasury secretary could end
Nov 26, 2024, 4:00 AM
The early reviews for Treasury secretary nominee Scott Bessent from Wall Street are in — and they're positive. But now the hard part begins.
How a breakup could upend Google (and the tech world)
Nov 26, 2024, 4:00 AM
The biggest threat to Google as it faces a proposed breakup of its empire are the limitations placed on a $175 billion search engine business that drives more than half of all revenue for parent company Alphabet.
Trump vows new Canada, Mexico, China tariffs that threaten global trade
Nov 25, 2024, 11:26 PM
(Reuters) -President-elect Donald Trump on Monday pledged big tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars. Trump, who takes office on Jan. 20, 2025, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the border, in a move that would appear to violate a free-trade deal.
Dollar Gains, Stocks Fall on Trump Tariff Threat: Markets Wrap
Nov 26, 2024, 3:35 AM
(Bloomberg) -- The dollar strengthened and shares dropped after President-elect Donald Trump said the US will impose additional tariffs on China, Mexico and Canada, ratcheting up concerns about his “America First” policies.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Bill
Huawei Targets Apple with Advanced Chip Innovation in China
Nov 26, 2024, 3:49 AM
Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market. Now it is rolling out its newest phone, the Mate 70 series.
Bitcoin retreats from $100,000 in worst spell since Trump’s win
Nov 26, 2024, 2:39 AM
(Bloomberg) -- Bitcoin posted its longest losing streak in the period since Donald Trump’s US election victory, after a failed run at $100,000 cooled the speculative fervor sparked by the president-elect’s embrace of crypto.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Bil
Work and benefits: 'I want to get a job but I don't know how'
Nov 26, 2024, 2:27 AM
The BBC speaks to young people yet to enter the workforce as well as those who have chosen to leave it.