Dow surges more than 800 points after Fed's Powell hints at rate cut
Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
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Wall Street rallied on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be on the horizon.
Investors reacted to a major speech from Federal Reserve Chair Jerome Powell, offering his strongest indication yet that interest rates may be coming. Paul La Monica, senior market analysis writer for Barron's, joins CBS News to discuss.
Target shares fell more than 6% on Wednesday after the retailer reported a quarterly drop in sales and announced a new CEO. Ted Rossman, a senior industry analyst for Bankrate, a financial services company, joins "The Daily Report" to discuss.
Intel was under the Wall Street spotlight Tuesday as shares popped nearly 7% on news that the struggling chip maker secured a $2 billion investment from SoftBank. Plus, as Commerce Secretary Howard Lutnick confirmed, the White House is considering buying a 10% government stake in the company. Bloomberg News technology editor Sarah Frier joins CBS News with more.
Shares of Spirit Aviation Holdings, the parent company of Spirit Airlines, plummeted on Tuesday after the company warned of "substantial doubt" about its ability to stay in business. CBS News senior transportation correspondent Kris Van Cleave has more.
Shares of Intel slipped on Thursday after President Trump called on the CEO to resign. CBS News contributor JD Durkin has more.
President Trump's sweeping tariffs on dozens of countries are now in effect. The markets are reacting to the changes in trade. CBS News' Ramy Inocencio reports.
Friday was a very down day on the stock market after a new jobs report showed a hiring slowdown and President Trump's unveiling of higher tariffs for many top U.S. trading partners. CBS News' Kelly O'Grady and Ed O'Keefe have the latest.
Republican Sen. Josh Hawley voted with Democrats to advance legislation to ban members of Congress from owning individual stocks.
Investors are bracing themselves for second-quarter corporate earnings reports. Meanwhile, Commerce Secretary Howard Lutnick said on "Face the Nation with Margaret Brennan" that the White House is expecting major trade deals over the next two weeks as President Trump's Aug. 1 tariff deadline approaches. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
New data from the Labor Department shows inflation ticked up to its highest level since February in June with consumer prices rising at an annual rate of 2.7%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The Dow Jones finished the day down on Tuesday after new data showed inflation accelerated in June, rising 2.7% on an annual basis. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Stocks finished the day up slightly with President Trump's new Aug. 1 trade deal deadline looming. CBS News contributor Javier David has more.
Stocks fell across the board on Friday after President Trump threatened a new 35% tariff on Canada. CBS News contributor Javier David breaks down the market's reaction.
Stocks tumbled on Friday after President Trump threatened to slap a 35% tariff on Canadian goods. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Artificial intelligence giant Nvidia became the first company to surpass a $4 trillion market valuation on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
President Trump announced a new 50% tariff on copper in a Cabinet meeting on Tuesday as the White House continues to threaten new tariffs on trading partners. CBS News MoneyWatch correspondent Kelly O'Grady has the latest updates.
President Trump conducted a Cabinet meeting in front of cameras on Tuesday and took questions on his new deadline of Aug. 1 to impose tariffs on over a dozen nations. CBS News' Ed O'Keefe and Kelly O'Grady have the latest.
The Dow Jones closed down over 400 points on Monday as President Trump sent letters to foreign countries warning of tariff increases that would go into effect August 1. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
President Trump on Wednesday announced a trade deal between the U.S. and Vietnam. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
The S&P 500 and Nasdaq both hit new record highs earlier on Friday, led by news of the trade deal between the U.S. and China. However, the numbers closed mixed after the president pulled the plug on trade talks with Canada. MarketWatch tech and investing reporter Laila Maidan has more.
Wall Street reacted to President Trump terminating trade discussions with Canada on Friday. The S&P 500 hit its all-time closing high. CBS News contributor J.D. Durkin has more from the New York Stock Exchange.
The stock market rallied for a second day on Tuesday as tensions with Iran sent oil prices plummeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Investors experienced some whiplash on Monday as stocks shot up following Iran's retaliatory attack on a U.S. base in Qatar. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Oil investors backed off Monday after seeing Iran's retaliatory response to U.S. strikes on some of its nuclear facilities, with oil prices dropping 9% since Sunday. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.