Hertz Stock Soars as Billionaire Bill Ackman's Pershing Square Discloses Stake
Hertz shares soared Wednesday after billionaire Bill Ackman’s investment firm Pershing Square disclosed a sizable stake in the struggling rental car company.
'I don't know how you couldn't be embarrassed': Wall Street is rethinking its Trump bet
Stalling dealmaking has dragged revenues down, and it's making some Trump-backers reconsider.
Traders Expect a Big Netflix Stock Move After Earnings—Here’s How Much
Netflix is slated to report first-quarter results after markets close Thursday, and options markets suggest traders are expecting a stock price big move in the following days.
U.S. Onshore Oil Production Faces Economic Policy Challenges
US oil and gas operators face significant challenges due to recent economic policy changes, potentially leading to decreased production and market uncertainty.
Blockdaemon CEO issues stark warning to crypto founders
Crypto must embrace governance to build trust and drive growth.
S&P 500 Gains and Losses Today: Chip Stocks Drop as Top Firms Cite Export Restriction Effects
The S&P 500 lost 2.2% on Wednesday, April 16, as the Federal Reserve chair discussed possible inflationary and economic consequences of tariffs.
Apple bans crypto apps in South Korea amid regulatory crackdown
Following a regulator crackdown on unregistered platforms, Apple bans fourteen cryptocurrency apps in South Korea.
Stocks slide deeper into the red after Fed chair’s ‘stagflation’ warning reignites tariff fears
A tech selloff led the major indexes lower, while the Fed chair's warning on tariffs accelerated trade war fears.
Bloom Energy, Rogers, 3D Systems, Moderna, and EchoStar Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
Stocks slide as Powell warns of impact of tariffs on the economy
US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.”