In the United States, the tech-heavy Nasdaq Composite Index plummeted by 4.0 percent, seeing its worst day since 2022 after Trump declined to rule out the risk of a U.S. recession. The Nasdaq was bogged down by retreats in the so-called Magnificent Seven tech stocks, which include Google parent Alphabet, Apple, Amazon, Meta and Nvidia. Stocks in electric carmaker Tesla, led by Trump's billionaire advisor Elon Musk, closed more than 15 percent down.
Wall Street suffered another massive selloff Monday, driven by the economic uncertainty created by President Donald Trump's tariff policies and growing fears of a recession.
President Donald Trump signed an executive order Thursday establishing a "Strategic Bitcoin Reserve," forcefully endorsing a currency once shunned as a tool for money launderers.
Wall Street suffered through another selloff Thursday for the third time this week, a negative reaction sparked by President Donald Trump's shifting stances on tariffs.
Political disruptions, including the U.S. exit from the Paris Agreement, have raised concerns about climate policy.
Wall Street bounced back Wednesday from consecutive bad days on news that President Donald Trump is pausing the potentially devastating automobile tariffs against Canada and Mexico.
Wall Street took a serious tumble Monday as President Donald Trump reiterated his plan to levy 25% tariffs on imports from neighboring Canada and Mexico beginning Tuesday.
A new movement is making waves in the U.S. as it encourages consumers to not spend anything on major retailers, chains, and other corporations on Friday, gaining the support of some very influential people.
Gold soared toward the $3,000 mark on Thursday, reaching an intraday high of $2,973 and briefly surpassing $2,954 in the cash market.
A recent study revealed that for many Americans, the dream of dropping everything to travel the world has a price tag—$287,731, to be exact.
Fed members are concerned about inflation risks and support pausing interest rate cuts.
Privately-owned housing starts fell sharply in January compared to December according to data released on Wednesday.
Toll Brothers, Inc. reported lower-than-expected results for the first quarter in their earnings report, falling short of expectations--despite a rise in new contracts.
While, 19% of American consumers say they are buying more than usual, with 5% buying a lot more and 14% buying a little more.
EU countries on Wednesday agreed a new round of sanctions on Russia, diplomats said, as the bloc looks to keep up pressure in the face of US talks with Russia.
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The National Association of Home Builders says builders remain pessimistic about a recovery in the next six months.
The number of accounts that are 90 or more days late is rising.
Federal Reserve Chair Jerome Powell told a Senate hearing this week that there is no rush to adjust its interest rate policy.
President Donald Trump threatened Thursday to implement reciprocal tariffs on all U.S. trading partners, acknowledging that the move could cause price increases amid reports of rising inflation.
The costs of Trump's tariffs on Mexico and Canada would be in addition to the annual increases on building materials that track closely to inflation.
The Producer Price Index jumped 0.4% in January and 3.5% for the year.
Mortgage applications increased 2.3% last week, driven by a surge in refinance activity, as more homeowners take advantage of interest rates by the Federal Reserve.
Bank of America data showed that spending growth has increased across generations, but Baby Boomers saw the highest jump, nearly 4% year-over-year.
The Consumer Price Index for January was released on Wednesday morning.
The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday.
Major steel companies in the United States saw stock price gains on Monday after President Trump announced 25% tariffs on imported steel.
The expectations for inflation increase this year jumped from 3.3% to 4.3%.
A US jobs report for January was released on Friday and showed unemployment dropped to 4%.
A growing trend in the United States housing market is renters staying put longer.
