Breaking News

Business

U.S. stocks hit more records following U.S.-Japan trade deal

NEW YORK (AP) — U.S. stocks set more records on Wednesday following a trade deal between the world’s No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports coming to the United States. The S&P 500 added 0.8% to its all-time high. The Dow Jones Industrial Average rallied 507 points, or 1.1%, and the Nasdaq composite climbed 0.6% to hit its own record. Stocks jumped even more in Tokyo, where the Nikkei 225 rallied 3.5% after President Donald Trump announced a trade framework that would place a 15% tax on imports coming from Japan. That’s lower than ...

MrBeast CEO and ‘Beast Games’ winner rally brand partners and rare disease support on Wall Street

NEW YORK (AP) — MrBeast’s new CEO hit Wall Street Wednesday as YouTuber Jimmy Donaldson’s media empire looks to develop long-term brand partnerships and, in turn, unlock more funding for its charitable content. Venture capitalist Jeff Housenbold took over MrBeast leadership last summer with a mandate to professionalize an ever-growing entertainment company. YouTube’s most popular creator had reached record audience levels far outpacing its startup days, while vowing to reassess its internal culture amid multiple controversies. But, despite joining Nasdaq’s closing bell ...

Wall Street cruises to more records as PepsiCo and tech stocks rally

NEW YORK (AP) — Wall Street rose to records on Thursday following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies. The S&P 500 climbed 0.5% to top its all-time high set a week ago. The Dow Jones Industrial Average rose 229 points, or 0.5%, and the Nasdaq composite added 0.7% to its own record set the day before. Trading was calmer than Wednesday’s, when President Donald Trump jolted financial markets by saying he had discussed the “concept” of firing the chair of the Federal Reserve but was unlikely to do so. Such a move ...

Wall Street is rattled as Trump says he discussed firing Powell but is ‘unlikely’ to do it

NEW YORK (AP) — President Donald Trump sent the U.S. stock market on a jagged round trip Wednesday after saying he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control. The S&P 500 rose 0.3% after whipping through an earlier drop and subsequent recovery. The Dow Jones Industrial Average gained 231 points, or 0.5%, and the Nasdaq composite added 0.3% to its record set the day ...