Block plunges 20% as Cash App miss triggers downgrades
Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that may…
Category: Economy
Trump calls on Fed once again to lower rates after solid April jobs report
President Donald Trump issued his latest call for the U.S. Federal Reserve to lower interest rates, following a better-than-expected jobs…
U.S. payroll growth totals 177,000 in April, defying expectations
Nonfarm payrolls were expected to increase by 133,000 in April, according to the Dow Jones consensus estimate. ...
Bank of Japan holds rates steady for second straight meeting as Trump tariffs threaten exports
In its policy decision, the central bank highlighted that it will continue to raise its policy rate "if our economic…
Auto giants ditch financial guidance as industry reels from Trump tariff chaos
The corporate updates come shortly after Trump imposed a 25% tariff on automotive imports into the U.S. earlier in the…
Microsoft passes its first test on U.S. tariffs with limited product exposure
If rising costs do push businesses to boost efficiency, Microsoft, with its Copilot artificial intelligence assistant, could be helpful, CEO…
Court finds Apple, executive lied under oath in Epic Games trial
Apple willfully violated and ignored a 2021 decision that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers…
Meta says China retailers are reducing digital ad spend
Chinese online retailers have cut back their spending on Facebook and Instagram ads in reaction to President Donald Trump's tough…
JetBlue to partner with another U.S. airline in the coming weeks, president says
JetBlue plans to partner with a U.S. carrier in the coming weeks. ...