Finance
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Citibank reverses course, drops anti- Second Amendment policy
While claiming it “has always been fully committed to treating all current and potential clients fairly,” it said concerns were raised “regarding ‘fair access’ to banking services.”
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Trump Media closes Bitcoin deal with about 50 institutional investors
The deal will allow the company to trade $1.5 billion in stock and $1 billion in convertible notes for $2.5 billion in Bitcoin.
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S&P 500 closes out best month since 2023
The numbers come as tension with China remains high over an impending trade deal. Trump accused China of violating a "fast deal" he made with them after he imposed steep tariffs on the country, but later sounded optimistic that a trade deal was still possible.
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Moody's downgrades US credit rating over high deficit
The decision comes after the U.S. deficit for the current fiscal year hit $1.3 trillion last month, despite only being six months into the fiscal year, which began on October 1.
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Treasury announces US collected record $16.3 billion in customs duties in April
The new numbers mean that the United States has collected a total $63.3 billion in customs duties since the start of the current fiscal year, which began last October. The number is also a $15.4 billion increase from the same period last year.
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Stock market sees major boost over China-US trade truce
The Dow Jones Industrial Average ended its day with a 1,160 point (2.81%) gain, while the Nasdaq Composite closed with a 4.35% boost and the S&P 500 closed with a 3.26% increase.
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Bessent says US is negotiating with 17 out of 18 major trade partners
Hours after his testimony, officials indicated that formal trade negotiations with China could take place as early as Thursday, when the secretary travels to Switzerland.
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Warren Buffett announces plan to retire as Berkshire Hathaway CEO at end of the year
Buffett didn’t take questions from shareholders about the planned retirement.
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Dow Jones bounces back with 1,000 point gain amid optimism regarding US-China trade war
All three major stock market indexes closed with gains, with the Dow Jones Industrial Average gaining 1,016.57 points, or 2.66%, at the close of business. The S&P 500 rose by 2.51%, while the Nasdaq Composite gained 2.71%.
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Stock market dips as federal reserve chairman warns of possible tariff impact on inflation
The warning caused the Dow Jones Industrial Average to drop nearly 700 points (1.73%) at the close of day. The S&P 500 fell 2.24%, and the Nasdaq Composite closed with a 3% loss.
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Dow drops more than 1,000 points amid tumultuous week for stock market
The stock market has primarily seen a decline over the past week, after Trump announced steep tariffs on some of the U.S.'s trading partners. But it saw an increase on Wednesday.
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Stock markets surge after Trump announces pause on tariffs, Dow closes with 2,900 point gain
The president announced he was pausing tariffs on dozens of countries, except for China, which will see a 125% tariff. Trump says he made the decision to pause tariffs after more than 75 countries have called to "negotiate a solution."
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China increases tariffs on US goods to 84% following Trump's tariff increases
China’s tariff commission said the country's higher tariffs on U.S. goods will begin Thursday.