The federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than fiscal 2024.
Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
The firm said its estimate of additional expensed for companies is probably conservative.
Stocks making the biggest moves midday: Snap-on, Triumph Financial, Micron & more
These are the stocks posting the largest moves midday.
Retail traders’ incredible support of the stock market continues with biggest options volume day ever
Citadel Securities’ Scott Rubner said Friday’s selloff resulted in over 108 million contracts traded, the largest options day in markets history.
Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move
The central bank policymaker indicated that he still expects his colleagues to vote for another quarter-point reduction.
Stocks making the biggest moves premarket: J.B. Hunt, Salesforce, Charles Schwab, Hewlett Packard Enterprise & more
These are some of the stocks seeing the largest moves before the market’s opening bell.
BlackRock’s crypto push deepens with a retooled product to serve stablecoin issuers
This latest move from Larry Fink’s firm aims to further capitalize on the boom in stablecoin demand, BlackRock first told CNBC.
Alibaba says its AI spending in e-commerce is already breaking even
The Chinese tech giant is spending tens of billions of dollars on AI despite concerns that companies are spending too much on the tech with limited results.
Fintech startup Upgrade valued at $7.3 billion in new funding round
Upgrade raised $165 million in a new funding round that valued the fintech startup at $7.3 billion.
Swiss government slashes growth outlook as Trump tariffs put ‘heavy burden’ on economy
The risks are mounting for the Swiss economy as the country’s goods face one of the Trump administration’s most punitive tariff rates.