News

Shares of automotive manufacturer General Motors (NYSE:GM) jumped 8.2% in the mid-day session after the Trump administration announced a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement. This is good news, particularly for affected automakers entangled in the trade war. Markets had projected potential disruptions to the supply networks of auto manufacturers as the tariffs meant an increase in the cost of raw materials, parts, and finished

(Reuters) -U.S. economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and prices increased modestly, the Federal Reserve said on Wednesday, with businesses and households expressing continued optimism amid rising uncertainty about how U.S. President Donald Trump's policies will affect future growth, labor demand and prices. "Six Districts reported no change, four reported modest or moderate growth, and two noted slight contractions," the U.S. central bank said in its summary of observations from the commercial and community contacts of each of the Fed's 12 regional banks. "Overall expectations for economic activity over the coming months were slightly optimistic."

Pseudonymous crypto analyst Dave the Wave has claimed Bitcoin will hit $180,000, according to the asset's trajectory along the weekly Gaussian channel.

Analysts warn the slumping markets could be a canary in the coal mine for broader economic concerns.

The Trump administration will unleash a new era of crypto innovation, said ZX Squared founder CK Zheng.

Shares of footwear and apparel retailer Foot Locker (NYSE:FL) jumped 10.3% in the morning session after the company put up a decent fourth-quarter 2024 result, beating expectations on earnings and gross margins. But sales took a hit, and the outlook for the full year came in a bit light. Revenue was down about 6%, though part of that was tied to a calendar shift, as the previous year had an extra week. On the bright side, comparable sales grew. Moving to the bottom line, the company managed to k

(Bloomberg) -- Analysts at Citigroup are urging investors to buy US defense stocks, even as uncertainty over government plans for military spending clouds the outlook for the policy-sensitive group.Most Read from BloombergRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Trump Administration Plans to Eliminate Dozens of Housing OfficesHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemembering the Landscape Architect Who Emb

Shares of cloud content storage and management platform Box (NYSE:BOX) fell 10% in the pre-market session after the company reported weak fourth quarter results: Revenue was just in line and operating profit came up short. Looking ahead, next quarter's revenue guidance missed by a wide margin, which wasn't exactly what investors wanted to hear. There's buzz around the company's AI investments, but the results and guidance indicated it might be too soon to see meaningful returns. Overall, this qu

Abercrombie & Fitch shares sank Wednesday after the apparel retailer's current-quarter profit and full-year sales forecasts disappointed investors.

The “Quiz Daddy” is back (just for two days), and he’s ready to dive back into the “nitty-gritty.”