A week after Trump sparked a meme coin frenzy, the president's social media company announced Truth.Fi, offering financial services for "American patriots."
Why DeepSeek is great news for Microsoft and software stocks
DeepSeek’s success initially rattled investors’ assumptions about the AI spending wave that has swept through Silicon Valley in recent years.
Watch These Royal Caribbean Price Levels as Stock Sails to Record High
Shares in Royal Caribbean hit another record high Wednesday after soaring yesterday following a better-than-expected earnings report from the cruise line operator. Monitor these important chart levels.
Fed pauses interest rate cuts as inflation, Trump's plans create uncertainty
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.
Trump rails against the Fed after it left interest rates untouched
The Fed delivered on investor expectations and paused rate cuts for the first time in three meetings.
IEA comes under pressure from former oil market chief to cut energy transition focus
WASHINGTON (Reuters) -The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies. The IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy. A senior member of Trump's Republican party and other oil industry representatives were present at a Washington event to mark the report's release.
Tesla's Q4 results fall short of Wall Street estimates as sales stall and rivals steal customers
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts. The electric vehicle, battery and robotics company run by Elon Musk said Wednesday that it made $2.31 billion from October through December, less than the $7.93 billion profit it posted in the same period in 2023.
Fed guided by economic goals and the law, not politics, says Powell
Fielding a range of questions about the imprint of the Trump administration on the U.S. central bank, Federal Reserve Chair Jerome Powell on Wednesday said that politics had not prompted the Fed's decision to leave a global climate-focused group, and would not affect its interest-rate calls. And while Powell did say that the Fed is working to align its workforce policies with President Donald Trump's executive order banning the promotion of diversity and inclusion, he signaled that changes could be limited, saying that they would be "consistent with applicable law" and that he remains convinced that diversity is a hallmark of successful organizations.
Ameriprise Financial's quarterly profit rises as market rally boosted its fee income
Ameriprise Financial reported a 24% rise in fourth-quarter profit on Wednesday, driven by a higher fee income as the value of its clients' assets increased due to a market rally. The U.S. markets rallied on Federal Reserve's interest rate cuts and they were further boosted by business-friendly comments from President Donald Trump, who is expected to ease regulations. Ameriprise's assets under management and administration came in at $1.52 trillion in the quarter, a 10% jump from last year.
Morning Bid: Tech, hawkish Fed pressure stocks before megacap earnings parade
Sagging tech stocks weighed on US indexes, as Wall Street rethinks AI leadership after the arrival of DeepSeek, a Chinese disruptor claiming big results at a smaller cost. With many Asian markets still closed for the Lunar New Year, Japan's Nikkei 225 will carry the baton after pretty much cueing off Wall Street's ups and downs all week. The S&P 500 and Nasdaq briefly extended losses after the Federal Open Market Committee closed out its two-day policy meeting with hawkish hold that left markets thinking rates might not come down again for a while, if at all.