The economy has been a hot topic since Trump's victory in November. Promises were made to boost the market and lower prices. However, things have taken a different turn. The market has been shaky, with worries about jobs and prices on the rise. The S&P 500 index has dropped significantly, marking it
The stock market saw a significant boost on Friday, with the S&P 500 rising by 1. 8% and the Dow Jones Industrial Average jumping by 565 points, or 1. 4%. This surge came after a tough week for investors, marking the fourth consecutive losing week. Despite the gains, the market is still in a rough p
The stock market, which has been on a high for two years, is now showing signs of slowing down. This shift is due to the unpredictable policies coming out of Washington. Investors are feeling uneasy because of the back-and-forth on tariffs and the recent layoffs of federal employees. This uncertaint
The stock market took a nosedive on a Thursday, with the S&P 500 officially entering a correction territory. The Dow Jones Industrial Average dropped by 537 points, or 1. 3%, while the S&P 500 fell by 1. 39% and the Nasdaq Composite declined by 1. 96%. What caused this sudden plunge? President Trum
Stock futures started the day with a slight decrease, despite some encouraging economic news. The Producer Price Index (PPI) for February remained flat, which was a surprise as experts had predicted a 0. 3% increase. Additionally, the number of initial jobless claims was lower than expected, coming
Inflation's pace slowed down in February, giving a bit of relief to Americans. The Producer Price Index, a key measure of wholesale inflation, showed prices didn't change from January and only rose 3. 2% over the past year. This is a big drop from January's 3. 7% increase. Economists expected this s
On Wednesday, the Nasdaq Composite had a strong day, closing up 1. 22% at 17, 648. 45. This boost was fueled by a lower-than-expected inflation report, which calmed worries about the economy. The S&P 500 also saw gains, rising 0. 49% to 5, 599. 30. However, the Dow Jones Industrial Average dipped sl
Michelle Bowman, a well-known figure in the banking world, has been chosen for a big role at the Federal Reserve. She's now the vice-chair for supervision, a position that's crucial for overseeing banks and financial institutions. This move by Donald Trump is seen as a shift towards lighter regulati
Intel has a new leader in town. Lip-Bu Tan, the former CEO of Cadence Design Systems, will step into the role of Intel's CEO on March 18th. This move comes after a long search for a permanent replacement for Pat Gelsinger, who retired at the end of last year. Tan's appointment is a big deal for Inte
The auto industry is facing a tough time due to new tariffs on steel and aluminum. These metals are crucial for car manufacturing, and the increased tariffs will make them more expensive. The U. S. government has imposed a 25% tariff on steel and raised the aluminum tariff from 10% to 25%. This move
