Powell sees tariffs raising inflation and says Fed will wait before further rate moves
Powell said the Fed faces a "highly uncertain outlook" because of the new reciprocal levies the president announced Wednesday ...
Economy
DeepSeek AI excitement spills over to Hong Kong’s IPO market
Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to…
De minimis trade loophole that boosted Chinese online retailers to end May 2
The announcement, which came alongside a set of sweeping new tariffs, gives customs officials, retailers and logistics companies a month…
Apple leads a drop in tech stocks after Trump tariff announcement
Tech stocks fell in late trading Wednesday following President Donald Trump's announcement of reciprocal tariffs. ...
‘Absolutely nothing good’ coming out of Trump’s tariff announcement: Analysts react to latest U.S. levies
Analysts generally had a pessimistic take on the announcement, with some even predicting an increased risk of a recession for…
Treasury Secretary Bessent says market woes are more about tech stock sell-off than Trump’s tariffs
"The Nasdaq peaked on DeepSeek day so that's a Mag 7 problem, not a MAGA problem," Bessent said. ...
Hims & Hers shares rise as company adds new weight-loss medications to platform
Hims & Hers is adding Zepbound, Mounjaro, and the generic injection liraglutide to its platform. ...
Trump’s upcoming tariffs ‘will be effective immediately,’ White House says
Trump's reciprocal tariffs follow other import duties he has already announced, including tariffs on goods from Canada and Mexico and…
Stablecoin issuer Circle files for IPO as public markets open to crypto
JPMorgan Chase and Citigroup are serving as lead underwriters in Circle's IPO, according to the prospectus. ...