President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn't necessarily lead to lower borrowing costs for consumers. In fact, economists say, Trump's ongoing attacks on Fed Chair Jerome Powell and his tariff policies ...
NEW YORK (AP) — U.S. stocks are leaping Wednesday as a worldwide rally comes back around to Wall Street following updates from President Donald Trump about his plans for the Federal Reserve and his trade war that investors found encouraging. The S&P 500 was 2.7% higher in morning ...
Norfolk Southern's quarterly profits were again inflated by insurance payments related to its disastrous 2023 derailment in eastern Ohio, but even without that, the railroad's profits still grew. The Atlanta-based railroad reported a major rebound in its results Wednesday with $750 million ...
PARIS (AP) — Formula 1's governing body says it has approved General Motors' plans to supply engines for the new Cadillac team from 2029. The FIA's approval on Wednesday comes after GM's Cadillac brand got the final signoff to join the F1 grid next year as the 11th team. The team plans to ...
NEW YORK (AP) — Uncertainty over tariffs and an unpredictable trade war is weighing heavily on companies as they report their latest financial results and try to give investors financial forecasts. Some tariffs remain in place against key U.S. trading partners, but others have been ...
NEW YORK (AP) — Elon Musk says he'll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits. Musk said on a conference call with analysts Tuesday that "now that the major work of ...
