News

In the latest trading session, General Motors (GM) closed at $49.87, marking a +1.92% move from the previous day.

Carnival continues to break multiple operating and financial records amid strong demand for its cruise vacations. The Walt Disney Company is benefiting from a resilient consumer spending environment, fueling its media and entertainment empire. Leisure and entertainment giants Carnival (NYSE: CCL) and The Walt Disney Company (NYSE: DIS) offer an abundance of options for anyone thinking about taking a vacation this summer.

Oil prices jumped on Wednesday as a U.S.-China trade deal and soft inflation report boosted demand expectations and geopolitical concerns sparked fear of supply disruptions.

Oracle beat expectations across the board in the fourth quarter of fiscal 2025. Cloud infrastructure revenue surged by 52%, and growth is forecast to accelerate to at least 70% in fiscal 2026 as the company pours capital into new data centers. Oracle’s overall revenue growth should accelerate as the cloud business takes off.

The S&P 500 slipped 0.3% on Wednesday, June 11, as investors weighed softer-than-expected inflation data and progress on U.S.-China trade talks.

The impact of President Trump's push against diversity, equity and inclusion programs at the SEC remains murky, according to a watchdog report.

The US and China have reached a trade deal, or at least agreed on the framework of a deal, which together with surprisingly soft U.S. inflation data, gave markets a lift on Wednesday. In my column today I look at the 'equity risk premium' and other metrics that suggest relative U.S. equity and bond valuations are getting very stretched.

JPMorgan Chase CEO Jamie Dimon warned U.S. economic conditions could deteriorate soon, undermining a potential soft landing with employment declining and inflation rising slightly.

(Reuters) -U.S. Treasury Secretary Scott Bessent said on Wednesday that the Trump administration may offer extensions from a July trade deal deadline for countries negotiating in good faith, telling lawmakers that the administration would "roll the date forward" in certain cases. The end of a 90-day pause in Trump's broadest, "reciprocal" tariffs is fast approaching on July 8, with only one trade deal agreed with Britain and some 17 others at various stages of negotiation. "It is highly likely that those countries - or trading blocs as is the case with the EU - who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiations," Bessent told the House Ways and Means Committee.

The company made its initial acquisitions of bitcoin in May, buying 4,710 coins for about $500 million.