Trump Signs Executive Order Doubling Steel, Aluminum Tariffs

Tariffs Surge: US Steel, Aluminum Prices Spike After Trump Move

The Trump administration intensifies tariff policies, doubling steel and aluminum tariffs to 50%, which stokes fears of global economic slowdown and inflation pressures. These trade moves draw criticism and lawsuits as markets brace for impact.

Fed Lifts Wells Fargo Asset Cap After Scandal Reforms

Wells Fargo Freed From Asset Cap; Shares Climb

Wells Fargo's asset cap, imposed after its fake accounts scandal, has been lifted by the Federal Reserve after years of improvements. The decision enables Wells Fargo to resume growth and rebuild its market position.

Nvidia Tops Microsoft to Regain Most Valuable Company Status

Nvidia’s $1 Trillion Rally Sets Stage for Further Gains

Nvidia reclaims the crown as the world's most valuable public company amid surging AI demand, surpassing Microsoft. The chipmaker’s recent $1 trillion market rebound reflects investor optimism for its AI-driven growth trajectory.

CrowdStrike EPS Misses but Raises Full-Year Guidance

CrowdStrike Earnings Ride High on Revenue Growth… Guidance Sinks

CrowdStrike reports mixed first-quarter earnings with revenue growth but misses EPS estimates, leading to share price volatility. The cybersecurity firm raises its fiscal year guidance and announces a $1 billion stock buyback program.

US Job Openings Rise Unexpectedly in April Showing Market Resilience

US Labor Market Proves Tough, Job Openings Surge Despite Tariffs

The U.S. job market defies trade war fears with unexpected rises in job openings and hiring, signaling resilience amid economic uncertainty. This labor strength counters pressure from President Trump's tariff measures.

OECD Slashes Global Growth on Trump Trade War Impact

US Growth Forecast Downgraded Amid Trade Policy Risks, OECD Says

The Organization for Economic Cooperation and Development (OECD) cuts global and U.S. economic growth forecasts, citing the negative impact of Trump's tariffs and trade war uncertainties. The outlook warns of a prolonged economic slowdown.

SEC Cuts Staff by 17% While Operating Taxpayer-Free

The SEC announces a 17% staff reduction despite operating with no taxpayer cost, signaling a shift in regulatory priorities. This downsizing comes amid broader federal budget scrutiny and resource reallocation.

FDA Upgrades Tomato Recall to Highest Class I Risk Over Salmonella

Tomato Recall Elevated by FDA Amid Deadly Salmonella Risk

FDA escalates tomato recall to Class I, its highest risk level, due to salmonella contamination affecting multiple states. The development underscores food safety concerns with nationwide consumer impact.

House GOP Targets $9.4 Billion Spending Cuts Vote Next Week

White House Requests Congress to Slash $9.4 Billion in Spending

House GOP plans to vote next week on a $9.4 billion spending cut package, aiming to align budget with President Trump's fiscal priorities. The package includes controversial reductions in foreign aid and public broadcasting funds.

Tesla Plans Robotaxi Debut in Tech-Savvy Austin

Austin to Host Tesla’s First Robotaxi Service Launch

Tesla prepares to launch its highly anticipated robotaxi service in Austin, Texas, entering the autonomous ride-hailing market amid increasing competition. The move marks a strategic push to leverage technology in a key innovation hub.

Amazon Mulls Deploying AI Coding Assistant Cursor Internally

Amazon is reportedly planning an internal rollout of AI coding assistant Cursor, reflecting employee enthusiasm and the company’s push to integrate AI productivity tools. This initiative aims to streamline software development workflows.

Fed Posts Second Year of Negative Net Income Amid Rate Hikes

The U.S. Federal Reserve reports a second consecutive year of negative net income amid high interest rates and economic volatility, highlighting fiscal challenges in the central banking system.

HPE Surpasses Q2 Estimates, Sees Lower Tariff Impact

HPE Raises Fiscal Profit Forecast After Robust Q2 Results

Hewlett Packard Enterprise beats earnings and revenue estimates for Q2, driven by strong server sales and reduced tariff impacts. HPE raises fiscal-year profit forecasts amid improved market sentiment.

Trump Faces Legal Pushback Over Immigration and Judicial Policies

Judge Blocks Enforcement of Trump Executive Order on Transgender Inmates

The Trump administration faces criticism and legal hurdles over its judicial vetting and immigration enforcement policies, with calls for increased transparency and respect for due process rising from multiple fronts.

Bitcoin, Ethereum, Dogecoin Climb; XRP Surges Over 5%

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin continue upward trends while XRP surges, reflecting renewed confidence in the crypto markets despite broader volatility and regulatory challenges.

Dollar General Posts Record Sales; Raises Outlook Despite Tariffs

Dollar General Thrives as Budget Shoppers Flock Amid Tariff Squeeze

Dollar General posts record quarterly sales and raises profit outlook, capitalizing on tariff pressures and consumer budget tightening. The discount retailer benefits from shifting consumer behavior during economic uncertainty.

Trade War Rattles US Logistics, Costs Climb to 9% of GDP

US logistics sector feels ongoing strains from tariff-related trade disruptions, with costs composing a significant share of GDP. Industry players brace for volatility as trade policies remain uncertain.