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Indexes End up 1% on Increased Rate Cut Bets
All three major U.S. stock indexes ended more than 1% higher Monday as investors sought bargains after the previous session's selloff and increased bets for a September rate cut in the wake of Friday's weaker-than-expected jobs data.
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Stocks Rise Following Sharp Losses Last Week
U.S. stocks are recovering some of their sharp losses from last week, when worries about how President Donald Trump's tariffs may be punishing the economy sent a shudder through Wall Street.
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Brokerages Retain Sept. Rate Cut Bets After Soft Jobs Report
Wall Street brokerages retained their expectations for a September rate cut following a soft jobs report.
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Tesla Awards CEO Musk $29 Billion in Stock
Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.
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Tesla's Brand Loyalty Sank After Musk Backed Trump
Tesla for years had more repeat U.S. customers than any other major automotive brand but its loyalty has plunged since CEO Elon Musk endorsed President Donald Trump last summer, according to data from research firm S&P Global Mobility shared exclusively with Reuters.
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Over 3,000 Boeing Fighter Jet Workers Go on Strike
More than 3,200 union members who assemble Boeing's fighter jets in the St. Louis area and Illinois went on strike Monday after rejecting a second contract offer the previous day.
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Dow Falls 540 Points as Tariffs, Jobs Data Spark Sell-Off
U.S. stocks slumped Friday, with the S&P on track for its biggest daily percentage decline in more than three months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure.
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ESPN to Acquire RedZone, Other NFL Properties: Report
ESPN has reached a deal with the NFL to purchase RedZone, NFL Network and other league holdings, The Athletic reported Friday.
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Wall Street Slides on New Tariffs, Easing Job Market
Wall Street was sharply lower Friday in early trading as new U.S. tariffs on dozens of trading partners and Amazon's unimpressive earnings weighed on sentiment, while a weaker payrolls report added to risk aversion.
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Investors See Few Winners as Tariff Storm Lashes Markets
U.S. President Donald Trump's Friday tariff deadline brought little reprieve for markets, with tech stocks in South Korea and Taiwan hit hard as investors fretted over the cost of disrupting global supply chains and the outcome of talks with China.
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McDonald's to 'Double Down' on AI by 2027
McDonald's plans to "double down" on its artificial intelligence investments by 2027 and is betting on India to be a key hub for data governance, engineering and platform architecture, a senior executive said Friday at a conference in India.
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Apple CEO Tim Cook: Ready to Spend to Catch Up in AI
Apple CEO Tim Cook signaled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centers or buying a larger player in the segment, a departure from a long practice of fiscal frugality. Apple has struggled...
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Global Shares Tumble After Trump Tariff Blitz
Global shares tumbled Friday after the U.S. slapped dozens of trading partners with steep tariffs, while investors anxiously awaited U.S. jobs data that could make or break the case for a Fed rate cut next month.
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Trump's 10%-40% Tariffs Reignite Global Trade War
President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug. 7 - the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over...
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Apple Crushes Expectations as iPhone Sales Soar
Apple Thursday reported sales and profit that far surpassed expectations, showing that its efforts to re-route its sprawling global supply chain away from U.S. President Donald Trump's trade war have so far succeeded.
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Amazon Projects Quarterly Revenue Above Estimates
Amazon.com forecast current-quarter revenue above market estimates Thursday, encouraged by solid retail business despite pressures from U.S. tariffs on imports, while its cloud computing unit also benefits from strong AI demand.
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Equities Stall as Early Microsoft Enthusiasm Ebbs
U.S. stocks closed well off early highs on Thursday, following the latest round of corporate earnings and economic data, as investors awaited results from megacaps Amazon and Apple due after the closing bell.
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Microsoft Valuation Surges to $4T as AI Lifts Stocks
Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout.
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Wall Street Jumps as Microsoft Enters $4 Trillion Club
The S&P 500 and Nasdaq climbed to new record highs Thursday, as Microsoft's blockbuster earnings propelled the tech giant past the $4 trillion milestone and fueled investor confidence in Big Tech's hefty investments in artificial intelligence.
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'Prediction Markets' Benefit Investors, Consumers
Scholars at the Competitive Enterprise Institute have many skills, but predicting the future is not one of them. However, when it comes to prediction markets, based on recent events, we can see less red tape in their future to the benefit of the American public.
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Trump Ups AI 'Arms Race' & Investors Are Moving
Trump is laying the groundwork for the U.S. to control the future of artificial intelligence, and Wall Street is adjusting fast.
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CVS Health Hikes 2025 Forecast Again
CVS Health topped Wall Street expectations for the second quarter and hiked its full-year forecast again, as the health care giant continued to rally under new management from a forgettable 2024.
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Bristol Myers Q2 Results Exceed Expectations
Bristol Myers Squibb posted much better-than-expected second-quarter results on Wednesday on strong sales of its most established and best-selling brands, blood thinner Eliquis and cancer treatments Opdivo and Revlimid.
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Global Gold Demand Up 3% in Second Quarter
Global gold demand including over-the-counter (OTC) trading rose by 3% year-on-year to 1,248.8 metric tons in the second quarter of 2025 as investment jumped 78%, the World Gold Council said Thursday.
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Microsoft, Meta Surge, Lead $500B Jump in AI Value
Shares in artificial intelligence heavyweights Microsoft (MSFT) and Meta Platforms (META) both surged in European trading Thursday, after blowout quarterly results after-market Wednesday.