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Tesla stock was under pressure on Thursday afternoon as the broader Trump trade was fading after a furious post-election rally.

Stocks moved lower after Federal Reserve Chair Jerome Powell said the central bank is in 'no hurry' on rate cuts.

Disney reported fiscal fourth quarter earnings that beat expectations on both the top and bottom lines as its streaming business swung to a profit.

In remarks that align with a developing expectation in financial markets for fewer rate cuts next year than previously forecast by Fed officials, Powell affirmed that he and his fellow policymakers still consider inflation to be "on a sustainable path to 2%" that will allow the U.S. central bank to move monetary policy "over time to a more neutral setting." "Fed Chair Powell telegraphed news that markets didn't want to hear but news that was clearly manifest in the last CPI report, that the Fed cannot yet declare victory in its campaign to quell inflation."

A December rate cut from the U.S. central bank might not be as sure of a thing as previously thought.

(Bloomberg) -- Oil edged higher for a third day, settling below $69 a barrel, as traders weighed bullish gasoline draws in the US with a dour long-term outlook. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsA

Brent crude futures settled 28 cents, or 0.4% higher at $72.56 a barrel, while U.S. West Texas Intermediate crude futures rose 27 cents, or 0.4% at $68.70. Both benchmarks had briefly dipped into negative territory during the trading session. Brent was on track to lose about 1.7% for the week, while WTI was set to end the week over 2% lower due to a stronger U.S. dollar and worries about rising supply amid slow demand growth.

Inflation is moderating, but economists expect that trend could reverse quickly if Donald Trump follows through with a proposal to impose 10%-20% tariffs on all imports and a 60% tariff on Chinese goods.

(Bloomberg) -- China’s copper importers are reining in the amount of tonnage they buy through annual supply negotiations, once a bellwether for the global metal market, and opting for spot supplies instead.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural

Following Trump’s re-election earlier this month, the popular crypto exchange app is experiencing a resurgence in interest.