After a mostly in-line inflation report ahead of today’s opening bell from the Consumer Price Index (CPI) and a surprise spike in new jobless claims spurred markets to record highs today.
Inflation remains above target and tariffs are likely to keep it elevated in the near term, but the balance of risks are tilted towards the need for more support for the economy, starting with a 25bp cut on Wednesday, 17 September
China's Ministry of Commerce warned Mexico Thursday to "think twice" before implementing planned 50% tariffs on Asian-made vehicles, threatening countermeasures that could disrupt $52 billion worth of bilateral trade relations.
iBuying platform Opendoor Technologies Inc. (NASDAQ: OPEN) has appointed Kaz Nejatian as its new CEO, who previously served as the COO of Shopify Inc. (NASDAQ: SHOP). His illustrious background and new shareholder-aligned compensation package are being hailed by analysts, investors and even critics alike.
U.S. Senator Elizabeth Warren blasted Paramount Skydance's reported bid for Warner Bros. Discovery, calling it a "dangerous concentration of power" tied to past Trump-era approvals, even as shares of both media companies surged on the takeover speculation.
Cryptocurrency exchange Gemini raised $425 million in an initial public offering, pricing its shares above the expected range, according to an announcement made late Thursday.
Scaringe also outlined the company’s autonomy roadmap, stating that the $45,000 R2 will transition from highway-only self-driving to “hands-free everywhere” and eventually “eyes-off” capability by 2028.
Paramount Skydance CEO David Ellison has reportedly approached an investment bank to prepare a bid for the rival company, but a formal bid hasn’t been tabled as of yet.
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Alibaba Group stock jumped 6.35% on the Hong Kong Exchange Thursday morning, extending its remarkable 83.95% year-to-date gains as investors reacted positively to the Chinese e-commerce giant's aggressive artificial intelligence expansion strategy and $3.2 billion fundraising.
The Trump administration on Thursday urged the Federal Appeals Court to allow the firing of Federal Reserve Governor Lisa Cook to take effect before the central bank's interest rate-setting meeting next week.
Mexico claims its tariff plan, which applies to nations without a free trade agreement, is designed to protect local jobs and industry; however, analysts view it as a move to appease the U.S.
Warner Bros. Discovery's stock soared to a record high amid takeover talks with Paramount Skydance, reflecting strong market momentum and significant gains this year.
In this video, Ira Epstein reflects on the significance of 9/11 before delving into the financial markets, highlighting new record highs in the stock market, while metals show modest gains.
