A tectonic shift in German fiscal policy has compounded uncertainty for traders trying to bet on how fast the European Central Bank will cut rates for the rest of the year, with a change to the bank's guidance on Thursday reinforcing that. The ECB cut rates by 25 basis points to 2.50% in its sixth move since last June. That supported traders, who had already reduced bets on ECB rate cuts after a deal from Germany's next coalition partners on Tuesday to create a 500 billion euro ($541.40 billion) infrastructure fund and overhaul borrowing restrictions, partly to boost defence spending.
Trump's crypto venture piles up Ether and more ahead of White House Crypto Summit
Just one day before President Donald Trump is set to unveil his crypto reserve plan at the White House Crypto Summit, his crypto venture, World Liberty Financial, has begun piling up significant amounts of Ether, the second-largest cryptocurrency by market cap, Wrapped Bitcoin, and other digital assets.
Allegro Stock Jumps as Chip Maker Rejects Onsemi’s $35.10 Per Share Bid
Shares of power chips maker Allegro Microsystems jumped Thursday in intraday trading after it rejected the latest bid by its larger rival ON Semiconductor, also known as Onsemi, describing the offer as "inadequate."
Top Stock Movers Now: Marvell Technology, MongoDB, Tesla, and More
U.S. equities dipped at midday as confusion over the new tariffs by President Donald Trump led to market uncertainty. The Dow Jones Industrial Average, S&P 500, and Nasdaq were down.
Bessent ‘not worried about inflation’ amid Trump’s tariff offensive
Revenue from new import duties “could be very substantial,” Treasury Secretary Scott Bessent said.
BJ's Stock Hits All-Time High as Wholesale Club Tops Estimates, Plans Expansion
BJ's Wholesale Club Holdings shares hit a record high Thursday on better-than-expected results and expansion plans.
DOGE job cuts are appearing in some, but not all, labor market data
Early signs of the Department of Government Efficiency's job cuts are appearing in labor market data
Elon Musk’s Starlink could soon tap into $42 billion federal program
The Commerce Department has changed its rules in a way that could open the door for Starlink, Elon Musk’s satellite internet service, to become part of a federal $42 billion grant program to bring high-speed service to rural and poor areas of the United States.
IMF says US tariffs will hurt Mexican, Canadian economies
WASHINGTON (Reuters) -If sustained, U.S. tariffs imposed on Mexico and Canada will have a significant adverse impact on those countries, the International Monetary Fund said on Thursday, citing the strong integration of both countries with the U.S. economy. IMF spokesperson Julie Kozack said the U.S. tariffs on Mexico and Canada and new duties on China, along with countermeasures announced by China and Canada, and potentially Mexico, amounted to significant new developments.
Majority of Gen Z men say feminism has gone too far—but BofA study says wealthy women lift entire economy
Women are becoming an increasingly powerful economic driver, says Bank of America, and their prosperity benefits everyone.