A federal judge in Miami handed President Trump a defeat in his defamation lawsuit against the Wall Street Journal over a story about a birthday book for Jeffrey Epstein, saying the president’s legal team failed to clear the legal bar needed to bring the case. In a 17-page ruling, Judge Darrin Gayles of the U.S. … Read more
NEWYou can now listen to Fox News articles! Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street bank heads to Washington, D.C. on Tuesday for a flash meeting to warn them of cybersecurity threats posed by AI giant Anthropic, according to a Thursday night report from Bloomberg. Bessent and Powell convened … Read more
Wall Street surged in Wednesday premarket trading as oil prices plunged below $100 after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Futures for the S&P 500 jumped 2.7% before the opening bell and futures for the Dow Jones Industrial Average climbed 2.6%. Nasdaq futures … Read more
Oil rose more than 10% and U.S. futures tumbled Thursday after President Donald Trump said in his first national address since the Iran war began that the United States will escalate its campaign in the coming weeks. Futures for the S&P 500 tumbled 1.5% before the opening bell, while futures for the Dow Jones Industrial … Read more
President Donald Trump is used to bending financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500 closed down 1.7% and notched its fifth-straight weekly decline, its worst stretch since 2022 and a sign of rapidly faltering … Read more
Stocks tumbled Friday as Wall Street was headed for a fifth straight weekly decline, its longest such stretch in nearly four years. The losses come a day after U.S. markets suffered their worst drop since the Iran war began Feb. 28. The S&P 500 slumped 55 points, or 0.85%, to 6,422 in late-morning trading, while the … Read more
Steven Fulop has warned the New York City mayor that higher taxes could cause business elites to flee. Source link
A Ukrainian drone technology startup saw the most explosive U.S. stock market debut in the last year during its first day trading on Nasdaq. Shares in Swarmer, whose software enables single pilots to control hundreds of drones at once, soared over 700% before closing at $31 on Tuesday. The company, based in Austin, Texas, but … Read more
Trading steadied early Tuesday and crude prices eased after wild swings this week with investors trying to figure out how long the war with Iran will continue. Futures for the Dow Jones Industrial Average rose 0.2% before the opening bell, while S&P 500 futures inched up 0.1%. Futures for the Nasdaq were up 0.2%. On … Read more
“It’s been a long time since we’ve had a bad event,” said Lloyd Blankfein. “It’s been 17 years since the financial crisis.” The former CEO of Goldman Sachs, who led the bank through that historic crisis, says it happened before, so it’ll happen again. “Think of it as kindling on the floor of a forest,” … Read more