U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
Published
4 minutes ago
Gross domestic product was expected to rise at a 0.4% annualized pace in the first quarter, according to the Dow Jones consensus estimate.
Trump blames Biden 'overhang' after GDP shrinks in first quarter, says growth will 'take a while'
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6 minutes ago
President Donald Trump blamed his predecessor and defended his sweeping tariffs after new data showed the U.S. economy contracting last quarter.
First Solar stock plunges as CEO says Trump tariffs pose ‘significant economic headwind’
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2 minutes ago
President Donald Trump's tariffs "create a significant economic headwind" for First Solar's plants in India, Malaysia and Vietnam, CEO Mark Widmar said.
Private payroll growth slowed to 62,000 in April, well below expectations
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1 hour ago
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump's tariffs.
Wall Street is anxious to hear Apple CEO Tim Cook's first public comments on tariffs
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1 hour ago
The most anticipated part of Apple's Thursday earnings will be CEO Tim Cook's comments on how the company is dealing with President Donald Trump's tariffs.
Yum Brands revenue misses as Pizza Hut's same-store sales fall 2%
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3 minutes ago
Yum Brands, the parent of KFC, Pizza Hut and Taco Bell, said sales rose 12% in the first quarter.
GLP-1s can help employers lower medical costs in 2 years, new study finds
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1 hour ago
As broader approval for GLP-1 weight loss drugs spurs higher demand, it's also causing employer drug spending to spike.
Volkswagen posts 37% drop in first-quarter profit, says Trump tariffs could weigh on outlook
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2 hours ago
Europe's biggest carmaker reported operating profit of 2.9 billion euros ($3.3 billion) for the first three months of the year.
Etsy shares pop on revenue beat as company says it's 'staying nimble' to tariff uncertainty
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8 minutes ago
Etsy posted better-than-expected revenue for the first quarter and said it's "staying nimble" in the face of tariff uncertainty.
Eric Trump: 'If banks don’t watch what’s coming, they’ll be extinct in 10 years'
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1 hour ago
"The modern financial system is broken, it's slow, it's expensive," the executive vice president of the Trump Organization told CNBC.