Wall Street limped into the weekend Friday, November 7, 2025, as artificial intelligence stocks extended their brutal selloff and consumer sentiment plunged to its lowest level since June 2022, when inflation hovered near 40-year highs. The S&P 500 rose 8.48 points or 0.1% to 6,728.80, while the Dow Jones Industrial Average rose 74.80 points or […]
Category: Economy
Centrist Democrats betray progressive base as eight senators strike shutdown deal without healthcare guarantees, ending 43-day crisis
Eight moderate Senate Democrats defied their party leadership Thursday, November 6, to advance a funding deal that would reopen the government without guaranteeing extensions of Affordable Care Act subsidies, putting Congress on a path to end the longest shutdown in American history after 43 days. A critical bloc of eight Senate Democratic centrists on Sunday […]
Stocks rebound as Supreme Court grills Trump on tariff authority, chipmakers rally 3% amid AI bubble concerns
Wall Street staged a modest recovery Wednesday as investors bet that Supreme Court skepticism toward President Trump’s sweeping tariff authority could lead to rollback of duties that have weighed on corporate earnings and consumer prices. The Dow Jones Industrial Average gained 225.76 points or 0.48% to close at 47,311.00, while the S&P 500 rose 0.37% […]
Tech stocks crater as AI bubble fears intensify, S&P 500 slides 1.17% while Palantir plunges 8% despite earnings beat
Wall Street suffered a bruising selloff Tuesday, as mounting concerns about artificial intelligence valuations combined with delayed SNAP payments to trigger widespread selling across technology sectors that have powered the market’s 2025 rally. The S&P 500 declined 1.17% to close at 6,771.55, while the Nasdaq Composite traded down 2.04% to finish at 23,348.64 and the […]
Amazon ignites AI rally with $38B OpenAI deal as tech megacaps reclaim leadership, Dow lags on Kimberly-Clark acquisition
Wall Street kicked off November on a mixed note Monday, November 3, as artificial intelligence optimism propelled technology megacaps higher while defensive sectors and smaller companies struggled. The S&P 500 rose 11.77 points or 0.2% to 6,851.97, while the Nasdaq composite rose 109.77 points or 0.5% to 23,834.72, with the Dow Jones Industrial Average falling […]
Government shutdown enters day 31 as SNAP crisis explodes, Trump hosts Gatsby party while federal judges order emergency food aid
The government shutdown entered its 31st day Friday, matching the longest funding lapse in American history as a national food assistance crisis erupted with Supplemental Nutrition Assistance Program benefits suspended for more than 40 million low-income Americans. Two federal judges ordered the Trump administration to use emergency funding to provide SNAP benefits, rejecting the administration’s […]
Fed cuts rates but Powell dampens December hopes, Meta craters 11% on AI spending fears as Trump-Xi trade truce falls flat
Wall Street retreated from record highs Thursday, October 30, as Federal Reserve Chair Jerome Powell cast doubt on additional rate cuts while massive AI spending by technology giants spooked investors worried that artificial intelligence investments may never generate adequate returns. The S&P 500 dipped 0.99% to finish the day at 6,822.34, while the Nasdaq Composite […]
Trump and Xi prepare for historic summit as breakthrough trade framework promises tariff relief and rare earth cooperation
President Donald Trump expressed confidence Tuesday, October 29, 2025, that his upcoming meeting with Chinese President Xi Jinping in South Korea would produce a comprehensive trade deal as both nations projected optimism following weekend negotiations in Malaysia that established a framework for ending months of escalating tensions. Trump expressed hope for a grand deal between […]
Tech megacaps drive indexes to fresh records as Microsoft secures $135B OpenAI stake, S&P 500 breaks through 6,800 barrier
Wall Street powered to new all-time highs Monday, October 28, as technology giants continued their relentless march higher on artificial intelligence optimism while the broader market took a breather following its recent torrid rally. The Dow Jones Industrial Average advanced 0.7% or 337.47 points to close at 47,544.59, marking a new record close, while the […]
Trump declares breakthrough as Treasury Secretary Bessent confirms 100% China tariffs ‘off the table’ ahead of Thursday Xi summit
President Donald Trump expressed confidence, Monday, that his upcoming meeting with Chinese President Xi Jinping will produce a comprehensive trade deal as Treasury Secretary Scott Bessent told reporters that Trump’s threatened 100% tariff increase on Chinese goods is effectively off the table. Speaking aboard Air Force One en route to Japan from Malaysia, Trump added […]
