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Wall Street Opens Mixed on Latest Tariff Salvo
The S&P 500 and the Nasdaq struggled for direction Tuesday, as anxiety over President Donald Trump's latest tariff salvo overshadowed investor hopes that fresh talks with U.S. trading partners might avert a full-blown global trade war.
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Hedge Funds Brave Market Gyrations to Deliver Positive Returns
Hedge fund returns climbed in June, as broader stock markets hit record highs and markets weathered turbulence around U.S. trade uncertainty, according to a Goldman Sachs report and sources familiar with the funds.
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BofA, Goldman Sachs Lift S&P 500's 2025 Target
BofA Global Research and Goldman Sachs Tuesday became the latest Wall Street brokerages to raise their year-end targets for the S&P 500 index, broadly driven by reduced policy uncertainty, resilient corporate earnings, and potential interest rate cuts.
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IBM Rolls Out New Chips, Servers for a Simplified AI
International Business Machines Tuesday announced a new line of data center chips and servers that it says will be more power-efficient than rivals and will simplify the process of rolling out artificial intelligence in business operations.
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Morning Bid: You've Got Mail!
U.S. President Donald Trump has issued 14 letters to global trade partners laying out sharply higher tariffs and a new deadline of August 1.
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Dow Tumbles 422 Points as Trump Sets New Tariffs
Wall Street's major indexes closed lower Monday, after U.S. President Donald Trump announced hefty tariffs against Japan, South Korea and other trading partners while Tesla shares sank after CEO Elon Musk said he was forming a new U.S. political party.
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Dow Falls 530 Points on Japan, S. Korea 25% Tariffs
Wall Street's main indexes extended their fall Monday after U.S. President Donald Trump said he would impose a 25% tariff on goods from Japan and South Korea, starting on Aug. 1.
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How Trump's 'Big, Beautiful Bill' Impacts Your Wallet
The "One Big, Beautiful Bill" that meets President Donald Trump's legislative agenda and that the president signed into law on July 4, 2025, is expected to impact nearly every U.S. taxpayer and household.The three areas in which the 900-page budget reconciliation and tax reform...
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Trump Media Launches TV Streaming Platform, Includes Newsmax
Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company's expansion.
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Nippon Steel to Raise $5.6B in Subordinated Loans to Fund US Steel Deal
Japan's Nippon Steel said it would raise 800 billion yen ($5.6 billion) through two subordinated loans to partially fund its recent $14.9 billion acquisition of U.S. Steel and refinance previous loans.
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Boeing Secures $2.8B Space Force Satellite Contract
Boeing said it had secured a $2.8 billion U.S. contract to develop and produce two satellites with options for two more.The Space Force's Evolved Strategic Satellite Communications (ESS) program will deliver space-based nuclear, command, control, and communications for the...
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Tesla Falls 6.8% as Musk's 'America Party' Riles Investors
Tesla shares (TSLA) fell 6.74% in premarket trading Monday, under pressure from investor concerns about the focus of boss Elon Musk after he announced he would form a new U.S. political party, marking a new escalation in his feud with President Donald Trump.
Overseas,...
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Intel's New CEO Explores Big Shift in Chipmaking
Intel's new chief executive is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter told Reuters, in a potentially expensive shift from his predecessor's plans.
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Investors Mobilize for Weeks of Market Whiplash From Wild-Card Events
Big investors are mobilizing to trade through weeks packed with wild-card events that may shatter the calm in stock markets and drive big swings for assets they see as exposed to both positive or negative surprises, from gold to corporate credit.
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Chip Design Software Firms Climb as US Lifts Curbs on China Exports
Shares of Synopsys and Cadence Design Systems jumped in premarket trading Thursday after the United States lifted export restrictions on chip design software to China, signaling a thaw in trade tensions between the world's top two economies.The two companies, along with...
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Stocks Hit Record, US Dollar Firms After Jobs Data
Global stocks climbed to a record for a second straight session Thursday and the dollar rallied after a stronger than expected U.S. payrolls report indicated the labor market may not be deteriorating rapidly.
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AstraZeneca, Summit in Talks Over $15 Billion Deal
Summit Therapeutics and AstraZeneca are discussing a partnership deal worth as much as $15 billion, Bloomberg News reported Thursday.
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Stocks Tick Higher, Yields Leap as Rate Cut Odds Fall
U.S. stocks are ticking further into record heights Thursday after a report showed the U.S. job market looks stronger than Wall Street expected.
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Central Banker Poll: Fed Independence, US Rule of Law at Risk
Two in three reserve managers fear Federal Reserve independence is at risk and nearly half think the rule of law in the United States may deteriorate enough to influence their asset allocation significantly, UBS Asset Management said in a survey.
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Jobs Report Likely to Show Hiring Slowed in June
The steady slowdown in U.S. hiring likely continued in June as President Donald Trump's trade wars, federal hiring freeze and immigration crackdown weighed on the American job market.
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S&P 500, Nasdaq Gain on Vietnam Trade Deal
The S&P 500 and Nasdaq closed up Wednesday, lifted by gains in tech stocks and news of a trade agreement between the U.S. and Vietnam that helped ease concerns about an extended trade war.
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3 Monthly Dividend Stocks to Sell
With most stocks distributing dividends quarterly, investors needing predictable monthly cash flow could desire more frequent payouts. This is where monthly dividend stocks come in. Monthly dividend stocks pay shareholders a dividend each month, for 12 total payments per...
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Nike, Other Retailers Rise on Trump's Vietnam Trade Deal
Shares of Nike and other apparel makers rose Wednesday after U.S. President Donald Trump said he had struck a trade deal with Vietnam that would impose a lower than initially expected tariff rate on many imports from the Southeast Asian country.
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Stocks Tick Toward Another Record as Tesla Rallies
U.S. stock indexes are drifting higher Wednesday, ahead of a highly anticipated report about how the U.S. job market is holding up amid uncertainty about President Donald Trump's tariffs.
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Lands' End Attracts Bids From Authentic Brands, WHP
Brand management companies Authentic Brands Global and WHP Global have submitted bids to acquire apparel retailer Lands' End, according to two people familiar with the matter.