News

Donald Trump might want to take back blaming Joe Biden for the stock market. Wall Street is doing quite well again.

President Trump’s policies have created headwinds, but the U.S. economy is so far powering through them.

To keep ahead of the competition, “design really has to be leading edge, always looking forward, very progressive," says Kris Tomasson, Nio's VP of design.

Trump has argued that inflation is down before. While it's steadily ebbed in recent years, prices are still rising faster than the Fed would like.

The Buffett Indicator has dropped from all-time highs, suggesting stock valuations are looking more attractive after April's volatility.

The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs. After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, Trump subsequently backed off and said he had no intention of doing so. The Fed sharply ramped up its short-term rate in 2022 and 2023 as pandemic-era inflation spiked.

HOUSTON/LONDON (Reuters) -Big Oil's first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn sparked by a slump in oil prices to a four-year low in April. Investors were focused on whether companies would cut share repurchases, since lower crude prices would leave them with less cash to fund the programs. Buybacks and dividends are key to investor interest in the oil industry.