Can Trump fire Powell? Congress may be powerless to stop him.
Some Republicans are standing up for the Federal Reserve chairman.
RTX, GE Aerospace expect more than $1 billion tariff impact
Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. YASUYOSHI CHIBA | AFP | Getty Images RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of […]
GE to keep pushing for zero tariffs, as U.S. aerospace was winning without them
Shares of GE Aerospace climbed Monday, after the jet-engine maker held firm with its full-year earnings outlook, even when including an estimated $500 million impact from tariffs.
Fruitist berry startup worth $1 billion, backed by Ray Dalio office
Sales of Fruitist’s jumbo blueberries have tripled over the last 12 months, according to the company. Source: Fruitist Berry unicorn startup Fruitist has surpassed $400 million in annual sales, thanks to the success of its long-lasting jumbo blueberries. The company, which was founded in 2012, announced on Tuesday that it is changing its name from […]
Running on empty: Inside China’s quiet pension-funding crisis
Surveys show that more than 40% of flexible workers — including delivery drivers, livestreamers and freelancers — are opting out of the pension system
M&A activity falls as Wall Street clients tap the brakes on deals
In the face of uncertainty around tariffs and other policy changes, companies have been pausing major deal decisions, despite the expectation in late 2024 that activity would accelerate.
Bitcoin could rise back toward $100,000 if this happens, as dollar and stocks fall while gold rises
Bitcoin may rise back to $100,000 if it breaks above its current resistance levels in the next few days, as a weakening dollar could provide tailwinds for the crypto, while bitcoin’s recent strength over equities lead to optimism that the crypto may eventually serve as a store of value.
Chipotle to expand in Mexico amid Trump tariffs
Chipotle Mexican Grill logo is seen in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Getty Images Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion. The company announced Monday that it has signed a development agreement […]
Intel’s earnings outlook could be ‘useless.’ Here’s what matters instead.
New CEO Lip-Bu Tan’s first earnings call with Wall Street is later this week. Analysts see next week’s “Foundry Day” as a bigger possible catalyst.
This economist says there’s a 90% chance of a recession. Here’s the math.
A voluntary trade reset recession doesn’t sound very good, and it’s not.
