US stocks slid Thursday and the S&P 500 closed in correction, down more than 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union. The Dow ended the day down by 537 points, or 1.3%. The S&P 500 fell 1.39% and the Nasdaq Composite was 1.96% lower. […]
Months after ditching its open seating policy, Southwest Airlines is ending its most recognizable perks: Free checked baggage. The airline will begin charging for the first and second checked bag beginning on May 28, Southwest announced Tuesday. However, members of its A-List loyalty program, holders of its branded credit card or those traveling on a […]
Intel said on Wednesday that it had appointed Lip-Bu Tan as its new CEO, as the chipmaker attempts to recover from a tumultuous four-year run under Pat Gelsinger. The stock jumped 12% in extended trading. Tan was previously CEO of Cadence Design Systems, which makes software used by all the major chip designers, including Intel. […]
There may be some cracks forming in the egg market. For the past several months, consumers have been faced with a hard reality: Fewer eggs at higher prices. But in the first week of March, prices for wholesale loose eggs fell by $1.20, averaging about $6.85 a dozen nationally, down 15% from the week before, […]
As Wall Street reeled for a second straight day on Tuesday, President Donald Trump chose not to appear with worried working people but to prop up the share prices and wealth of the world’s richest man – Elon Musk – with a bizarre sales pitch for Tesla on the White House South Lawn. The optics […]
Months after ditching its open seating policy, Southwest Airlines is ending its most recognizable perks: Free checked baggage. The airline will begin charging for the first and second checked bag beginning on May 28, Southwest announced Tuesday. However, members of its A-List loyalty program, holders of its branded credit card or those traveling on a […]
Tesla’s sell-off on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020. On Friday, Tesla wrapped up a seventh straight week of losses, its longest losing streak since debuting on the Nasdaq in 2010. The stock has fallen every week since […]
DETROIT — The head of the United Auto Workers has become an unexpected ally for President Donald Trump’s plans for North American tariffs. UAW President Shawn Fain, who was boisterous about his disdain for Trump during the president’s campaign, is openly voicing approval of the tariffs, which include 25% levies on automobiles and supporting parts. […]
US stock futures fell solidly Sunday evening as investors took the weekend to process the February jobs report and prepared for a busy week of economic data, headlined by a report on inflation amid concerns over its resurgence under President Trump’s unpredictable trade policy. Dow Jones Industrial Average futures (YM=F) saw a 0.5% slip. Futures […]
TOKYO, March 10 (Reuters) – Japan’s Seven & i Holdings (3382.T), opens new tab said on Monday that talks have begun with Canada’s Alimentation Couche-Tard (ACT) over a store sale plan that would set the stage for ACT’s $47 billion takeover bid. Last week, the 7-Eleven convenience store operator named Stephen Dacus as its new […]
President Donald Trump’s decision to establish official government cryptocurrency reserves in the US has drawn criticism from industry watchers. He has signed an executive order creating what he calls a Strategic Bitcoin Reserve as well as a Digital Asset Stockpile, which will consist of other forms of digital currency. The funds will be stocked with coins forfeited […]
The Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoff plans last month, new data showed Thursday. US-based employers last month announced plans to slash 172,017 jobs, a 103% increase from a year ago and the highest February total since 2009, according to Challenger, Gray & Christmas’s latest monthly job […]
