How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
China and the U.S., the world's two largest economies, wield great influence over the oil market and are using it to help plug the supply gap.
Stephen Miran exits the Fed. How he set the stage for Kevin Warsh.
The outgoing Fed governor shares big ideas with the incoming chair.
Trump told Xi ‘I don't talk about’ whether U.S. would defend Taiwan from China
President Donald Trump spoke about Taiwan after a two-day visit to China, where he said he discussed Iran, and trade deals with Chinese President Xi Jingping.
30-year Treasury yield tops 5.1%, highest in nearly a year
Treasurys spiked on Friday as inflation signals continue to muddy interest rate expectations under the new Federal Reserve chair Kevin Warsh.
Inflation rate projected to hit 6% in the second quarter, top economic forecasters say
The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.
Bristol Myers Squibb turns to China to develop new drugs in newest cross-continent collaboration
U.S. drugmaker Bristol Myers Squibb inked a partnership with a Chinese company that some say could mark the next wave of collaboration across continents.
Starbucks to lay off 300 U.S. employees, shutter some regional support offices
Starbucks said the moves will help the coffee chain return to profitable growth.
Trump-Xi summit: The 3 big takeaways from historic meeting in Beijing
The two-day meeting wrapped up Friday, setting the tone for further U.S.-China talks this year.
Maine might boot Sen. Susan Collins. It could hurt the state's wallet for years
Sen. Susan Collins is the lone New England Republican left in Congress and chairs the Senate Appropriations Committee.
Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms
Reasons for the job declines vary by automaker, but are generally tied to evolving technological changes in the industry — including the rise of AI.
China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright
China relies heavily on crude oil imports from the Middle East but those supplies are mostly cut off due to Iran's blockade of the Strait of Hormuz.
Cerebras stock falls 10% after blockbuster IPO debut — here's what's happening
Cerebras Systems' shares were lower in early trading Friday, after its blockbuster stock market debut on Thursday.
Bill Ackman built Microsoft stake in first quarter during sell-off, betting on AI and cloud growth
Bill Ackman's Pershing Square Capital Management has built a position in Microsoft, the billionaire hedge fund manager said Friday in a post on X.
UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz
The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain severely limited
Magnum Ice Cream stock soars after report of potential private equity takeover
It comes just six months after Magnum spun off from Unilever to create the world's largest standalone ice cream maker.
Amazon takes further aim at the grocery market with expanded 30-minute delivery
Amazon is bringing its 30-minute delivery service to more U.S. cities. That's a good thing for investors.
Why Britain’s potential next PM is putting investors on edge
Traders fear a new left-leaning U.K. government led by Andy Burnham would challenge the country's fiscal discipline.
Nvidia's trillion-dollar run puts pressure on the bulls
Nvidia's market cap is now just shy of $5.7 trillion, up from $4.7 trillion as of market close last Tuesday.
'Survivor’s penalty’ can follow the death of a spouse — but its impact may be smaller than expected
The ‘survivor’s penalty’ can hit retirees after a spouse dies. But the impact could be smaller than expected, experts say.
CIA chief makes historic trip to Cuba as US blockade chokes island's energy supplies
The U.S. has been restricting oil shipments to Cuba since January, plunging the country into blackouts lasting days at a time.
Family investors turn to old-economy businesses like dealerships and fisheries to avoid AI disruption
While car dealerships and fisheries are less eye-catching than high-flying AI startups, they offer stability and cash flow that's attractive to family offices.
SpaceX IPO prospectus could land as soon as next week, sources say
Elon Musk's reusable rocket company is getting closer to what's expected to be a record stock market debut.
Oil prices jump after Trump says he is losing patience with Iran
Oil prices rose Friday on news that China has agreed to purchase oil from America.
Bond market believes Fed behind the curve on inflation as Warsh takes over
Bond traders are hoping that the central bank's easing bias is replaced with a skewed view toward tightening.