It was a dizzying week on Wall Street. The S & P 500 closed this past Monday at a record high and then went on a four-session losing streak. Friday was particularly unsettling as terrible jobs data slammed the market and triggered President Donald Trump . Trump started the day by slamming Federal Reserve Chairman…
Alex Karp, CEO of Palantir, attending the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2025. David A. Grogan | CNBC Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade. As part of the…
President Donald Trump on Friday said that he ordered two nuclear submarines “to be positioned in the appropriate regions” in response to warnings made to the United States this week by high-ranking Russian official Dmitry Medvedev. Medvedev in a social media post on Monday wrote that each new ultimatum that Trump makes about Russia to…
Amazon CEO Andy Jassy looks on during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Amazon on Thursday reported second-quarter earnings that beat expectations on most metrics, but the results weren’t good enough to please Wall Street. Amazon stock slid following the release and…
President Donald Trump on Friday fired the Bureau of Labor Statistics commissioner, hours after the agency reported that job growth in the U.S. had slowed to a near-halt. In a Truth Social post that also directed even more fire at Fed Chair Jerome Powell, Trump accused BLS Commissioner Erika McEntarfer of being a political appointee…
Dr. Adriana Kugler, member of the Board of Governors of the Federal Reserve, speaks to The Economic Club of New York in New York City, U.S., June 5, 2025. Kylie Cooper | Reuters Federal Reserve Governor Adriana Kugler announced Friday she is stepping down from her role at the central bank, creating an important vacancy…
Ghislaine Maxwell attends day 1 of the 4th Annual WIE Symposium at Center 548 on September 20, 2013 in New York City. Laura Cavanaugh | Getty Images Two sexual abuse victims of Jeffrey Epstein and the family of late Epstein victim Virginia Giuffre on Friday blasted President Donald Trump after learning that Epstein’s accomplice Ghislaine…
President Trump‘s trade war has already loomed large over the back-to-school and holiday season ordering of retailers. Spring season is next, and it is occurring just as Trump’s latest sweeping global tariffs take effect. While Spring 2026 may seem relatively far off into the future, for retailers, now is the time of year when they…
A child playing with a Nintendo Switch game console. Julian Stratenschulte | picture alliance via Getty Images Nintendo said Friday it plans to hike the price of its original Switch “family of systems and products” in the U.S. The price increases, which take effect Aug. 3, are being made “based on market conditions,” the Japanese…
Figma Inc. signage during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 31, 2025. Michael Nagle | Bloomberg | Getty Images You can almost smell the bubbly wafting across Silicon Valley. Following Figma’s blockbuster market debut on Thursday, four of the most iconic…
