News

Best Buy May See Sales Boost From Tariff Fears, Switch 2 Presale -- Earnings Preview
PROFIT: The electronics retailer is expected to post a profit of $229.9 million for the quarter ended May 3, according to the consensus estimate of nine analysts polled by FactSet. That's down from ...
Markets were unmoved by Fed minutes because 'it revealed nothing new'
"Markets didn’t blink upon the release of the \[Federal Open Market Committee\] minutes from their meeting three weeks ago, which came a week before the cooldown in the U.S./China tariff battle, ...
Investors are waiting to see if Nvidia is confident in recovering its gross margins
Nvidia's expected write-down charges of $5.5 billion from the H20 ban could bring down its gross margins to about 58%, according to Vivek Arya, a ...
Stocks remain mostly lower, Treasury yields higher after minutes of Fed's May policy meeting
Financial markets saw little reaction after the release of minutes from the Federal Reserve's May 6-7 meeting, which underlined that policy makers saw the risk of recession running high and emphasized ...
Borealis Foods Up as Company Details U.S. Production Focus, Ramen Partnerships
In a letter to stockholders, Borealis said its ramen facility in Saluda, S.C., is capable of producing 600 million meals per year. The company said it is relatively insulated from tariffs and other ...
Fed staff sees a recession as a clear possibility, minutes of May meeting show
The staff of the Federal Reserve reported to the central bank's leadership that the risk of a recession was high, according to the minutes of the Fed's May 6-7 meeting. "The staff viewed the ...
Fed officials focused on higher inflation risks, minutes of May meeting show
Minutes of the Federal Reserve's meeting earlier this month seemed to emphasize the risk of higher inflation rather than higher unemployment. Federal Reserve officials seemed very concerned that ...
Trump Defends ‘Big, Beautiful Bill’ After Elon Musk’s Criticism
President Trump said he wasn’t happy with all aspects of Republican’s tax-and-spending bill, which still needs widespread ...
'Magnificent Seven' ETF wobbles as Big Tech stocks trade mixed ahead of Nvidia earnings
An exchange-traded fund that holds seven Big Tech stocks known as the "Magnificent Seven" was wobbling Wednesday afternoon, as investors await Nvidia Corp.’s quarterly earnings. The Roundhill Magnific ...
GM’s CEO on Tariffs: They ‘Level the Playing Field’ for Automakers
Mary Barra, in an interview with WSJ’s Emma Tucker at the Future of Everything event, says she speaks regularly with the White House and that tariffs help them compete with international auto ...
‘You call that chickening out?’ Trump blasts stock-market acronym ‘TACO’ as ‘nasty.’
The "Trump always chickens out" trade is the talk of Wall Street — and it's getting trashed at the White House. A reporter on Wednesday asked President Donald Trump what he thought of the "TACO" ...
Magnitude International Files for IPO
Magnitude International has filed for an initial public offering. The company expects to list 2.2 million shares at $4 to $5 apiece, according to a Securities and Exchange Commission filing on ...