A leading Wall Street economist who previously criticized President Donald Trump’s tariff strategy now admits that the 47th president may have “outsmarted all of us” with his trade policies.
Read More Chief economist Torsten Sløk: Trump may have ‘outsmarted all of us’ on tariffs, despite my prior criticisms
It expects to save about $40 million of annual costs, which it plans to reinvest in initiatives such as product and technology development.
Read More Bumble to lay off 30% of global workforce as online dating industry struggles
UnitedHealth Group shares plunged 16% to hit a five-year low after the Wall Street Journal reported that the DOJ was investigating the company for potential Medicare fraud.
Read More UnitedHealth tumbles as criminal probe report adds to investor fears
Goldman Sachs will pay a $1.45 million civil fine to settle a U.S. regulator’s claims that the Wall Street bank failed to accurately report data for billions of stock market trades.
Read More Goldman Sachs fined for failing to properly report billions of trades
A new April jobs report has revealed that the U.S. economy added 177,000 jobs last month, which exceeded analysts expectations due to tariff concerns.
Read More April Job Gains Reach 177K, Showing Resilience Amid Tariff Concerns
Wall Street’s main indexes advanced on Thursday as strong quarterly results from heavyweights Microsoft and Meta pointed to a resilient outlook for the technology sector.
Read More Nasdaq leads gains on Wall Street as Microsoft, Meta surge