Trump announces new 10% global tariff after raging over Supreme Court loss
President Donald Trump spoke hours after the Supreme Court ruled against his global tariffs that he imposed without Congress.
OpenAI resets spending expectations, tells investors compute target is around $600 billion by 2030
OpenAI told investors it's targeting roughly $600 billion in total compute spend by 2030, trying to clarify its plans after touting a $1.4 trillion figure.
Trump says he's considering limited military strike against Iran
The oil market's biggest fear is that a conflict between the U.S. and Iran could lead to a prolonged disruption of oil flows through the Strait of Hormuz.
Retail industry says Trump tariff reversal is a win, even as uncertainty remains
Clothing and footwear were among the imports most vulnerable to Trump's tariffs, which imposed steep rates on countries such as China and Vietnam.
Microsoft Xbox chief Phil Spencer retires, replaced by AI executive Asha Sharma
Phil Spencer is retiring from Microsoft after joining the software company 38 years ago, and will be replaced by Instacart's former COO.
Illiquid loans, investor demands: Blue Owl's software lending triggers another quake in private credit
Blue Owl, a direct lender specializing in loans to the software industry, said it had sold $1.4 billion of its loans to institutional investors at 99.7% of par value.
Democrats rejoice in Supreme Court rebuke of Trump tariffs they have called illegal
President Donald Trump's tariff agenda took a blow Friday, prompting celebration from Democrats who have opposed his unilateral tariffs.
Treasury: Trump accounts sign up about 3 million kids in early push
Families have signed up about 3 million kids for Trump accounts, Treasury Secretary Scott Bessent said Friday.
Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%
The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in Q4.
Trump previewed weak GDP on Truth Social ahead of official data release
Trump has revealed economic data before its official release on multiple occasions, raising questions about possible policy violations
U.S. trading partners cheer Supreme Court tariff ruling — but businesses must still navigate 'murky waters'
The U.S. Supreme Court voted 6-3 to strike down large parts of President Trump's tariff policies Friday.
Equinox chairman says 'health is the new luxury' as wellness spending soars
Harvey Spevak, Equinox's executive chairman, said demand for "Optimize" memberships highlights the "insatiable" demand by the wealthy for wellness offerings.
How the Supreme Court's decision affects Apple and its $3.3 billion tariff bill
President Donald Trump's tariffs have cost the iPhone-maker about $1 billion each quarter.
National Parent Teacher Association breaks ties with Meta amid child-safety trials
Child-safety advocacy coalition ParentsSOS urged the National PTA to end other Big Tech partnerships due to safety and well-being concerns.
From 'vanlords' to safe parking sites: How RVs became Silicon Valley's housing safety net
Across California, the number of people living in vehicles has surged in recent years due to soaring rents.
Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns
Software stocks have been in sell-off mode in recent weeks on fears that new AI tools will uproot their longstanding business models.
With Trump's 'reciprocal' tariffs struck down, here are the industries still facing higher rates
President Donald Trump's "reciprocal" tariffs were deemed unconstitutional by the Supreme Court, but some sector-specific tariffs remain in place.
Here's the one market theme that could steal attention from Nvidia next week
It's another big week of earnings, including the market's most important stock.
Average IRS tax refund is up 14.2%, according to early filing data
The average IRS tax refund is up 14.2%, according to early filing data. Here's what filers can expect this season.
Student loan delinquency rate jumps to nearly 25% in Trump's second term, analysis finds
Around 7.9 million student loan borrowers entered delinquency in the first three quarters of 2025 alone, according to a new report by The Century Foundation.
Tax season presents a boom-or-bust test for U.S. auto sales
Auto industry experts anticipate that some Americans could use higher tax returns to finally purchase a new or used vehicle.
Small furniture retailers face existential tariff threat, despite Supreme Court ruling
Higher import costs is the latest blow to the furniture industry, which had been buckling under interest rates and a sluggish housing market well before tariffs.
Trump could attack Iran in days — what's at stake for the oil market
President Trump has warned Iran that an attack would be "far worse" than the U.S. airstrikes that targeted its nuclear facilities last June.
Tesla loses bid to toss $243 million verdict in fatal Autopilot crash suit
A federal judge in Miami denied Tesla's bid to overturn a $243 million jury verdict in a high-profile lawsuit over a fatal Autopilot crash.