President Xi Jinping’s government is set to welcome a US senator close to Donald Trump for talks in China, as the world’s largest economies try to move forward trade negotiations that have stalled at lower levels.
Fed Chair Jerome Powell said Wednesday that he doesn't know anyone who is confident in their forecast these days. But what he did say with assurance was that the central bank will be ready to respond once the tariff uncertainty becomes enacted policy. In a message that reassured the market, and to a certain extent the White House, Powell appeared to take lessons from the Fed's pandemic response
Google’s owner, Alphabet, has agreed to buy the cybersecurity group Wiz for $32 billion (£24.7 billion), the biggest acquisition it has ever made. The search company’s purchase of the Israeli startup comes as Google attempts to catch its competitors Microsoft and Amazon in the competitive cloud services market.
Chipmaker giant CEO Jensen Huang is expected on Tuesday to reveal fresh details about the company's newest artificial intelligence chip at its annual software developer conference. The company's stock has more than quadrupled in value over the past three years as it powered the rise of advanced AI systems such as ChatGPT, Claude, and many others.
During the week of March 10 to March 14, 2025, U.S. stock markets experienced significant volatility, culminating in a notable rally on Friday.
Shares of Intel are jumping more than 7% in premarket trading Wednesday following a report that TSMC has approached U.S. chip designers Nvidia, Advanced Micro Devices, and Broadcom about forming a joint venture to own and run the chipmaker's foundry division.
The sell-off continued on Wall Street Monday as investors grow increasingly concerned about the possibility of a recession. The tech-heavy Nasdaq Composite saw the biggest decline of the major indexes, plummeting 4% and marking its worst session since September 2022. Tech stocks were hit especially hard, as the seven most valuable tech companies lost more than $750 billion in market value on Monday.
The week of March 3 to March 7, 2025, was marked by significant volatility across major U.S. stock indices, influenced by trade tensions, economic data, and corporate earnings.
Stocks sank last week as a lack of clarity around President Donald Trump's tariff plans and what they could mean for the economy's overall trajectory gripped markets. In the week ahead key updates on inflation, with fresh readings on the Producer Price Index and Consumer Price Index, will be in focus as investors look for any clues on how tariffs may impact the path forward for prices. Updates on inflation expectations and consumer sentiment are also on the calendar.
US President Donald Trump's tariffs are reshaping US trade policy and overhauling decades of free-trade agreements with friend and foe alike. The trade posturing could have ramifications for inflation, with the potential to push prices higher. That, in turn, could influence where the Federal Reserve takes interest rates in the coming months — and years.