Author: Daniel snow
Technical indicators point to more upside for the U.S. benchmark index. Source link
A container truck and shipping containers are shown at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025. Mike Blake | ReutersEven retail executives are bullish on the “TACO trade.” Following weeks of shifting trade policy, early deals and winding court challenges, some retail executives are starting to feel more optimistic about President Donald Trump’s so-called reciprocal tariffs, a new survey from consulting firm AlixPartners shows. The survey, which polled executives from brands, retailers and other consumer companies on June 1, found most respondents expect the president will walk back those steep duties on the European Union, Vietnam,…
US Federal Reserve Chair Jerome Powell waits to speak during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, DC, on June 2, 2025.Andrew Caballero-Reynolds | AFP | Getty ImagesPresident Donald Trump ripped Federal Reserve Chair Jerome Powell as a “numbskull” on Thursday as he turned up the heat on the central bank chief to lower interest rates.Trump claimed at the White House that lowering rates by two percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.””We’re going to spend $600…
Shoppers browse the frozen food cases at WinCo.Joe Jaszewski | Idaho Statesman | Tribune News Service | Getty ImagesDespite widespread fears to the contrary, President Donald Trump’s tariffs have yet to show up in any of the traditional data points measuring inflation.In fact, separate readings this week on consumer and producer prices were downright benign, as indexes from the Bureau of Labor Statistics reported that prices rose just 0.1% in May.The inflation scare is over, then, right?To the contrary, the months ahead are still expected to show price increases driven by Trump’s desire to ensure the U.S. gets a fair…
A closely watched gauge of the U.S. dollar’s value has tumbled to its weakest level in three years on Thursday, having taken out the previous 2025 low reached in April. Source link
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Thursday is signing three congressional resolutions that target California’s statewide efforts to adopt electric vehicles and phase out diesel engines and the sale of gas-powered cars by 2035.California’s plan had been adopted by 11 other states.General Motors and Toyota had lobbied against California’s rules.The U.S. Environmental Protection Agency, during the Biden administration, in December granted California a waiver allowing a mandate that most automotive sales in the state be electric vehicles.California Gov.…
Parents, your greatest legacy could be instilling a sense of entrepreneurial thinking in your kids. Source link
Books and other documents from Harvard University and Boston’s public library could be a data bonanza for AI chatbots. Source link
There’s one common thread underpinning this year’s race to record highs in all three assets, one analyst said. Source link
The Tesla CEO’s posts about President Donald Trump may have been impulsive, but they were also relatable to anyone who has ever wanted to lash out at a former employer. Source link