Market royalty is getting a hardware makeover. Samsung Electronics (005930.KS) just climbed past $1 trillion in market capitalization, making it the latest company tied to the AI build-out to enter the market’s most exclusive tier. It’s joining Nvidia (NVDA), TSMC (TSM), and Broadcom (AVGO) in a newer class of giants that make the chips, memory, […]
Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. Brent crude futures advanced as much as 4.6% to $105.99 a barrel, while West Texas Intermediate traded near $100. In a social media […]
China’s export growth gathered pace in April as factories raced to meet a wave of overseas orders from buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher. Exports expanded 14.1% from a year earlier in U.S. dollar value terms, customs data showed on Saturday, outpacing the 2.5% […]
The Andean Community trade bloc ordered Colombia and Ecuador to lift all measures restricting trade between the two countries, after each raised tariffs on the other. The Community ruled on Thursday on requests from both nations after Ecuador raised tariffs on imports from Colombia to 100%, prompting Colombia to retaliate with phased tariff hikes of […]
On Thursday, a panel of federal judges on the Court of International Trade voted that President Trump’s 10% tariffs on most US imports are illegal. In a 2-1 vote, the court sided with a group of small businesses that argued that the law sidestepped the Supreme Court’s January ruling that struck down Trump’s blanket tariffs […]
April’s jobs report is on deck for Friday morning as market watchers look for signs that the labor market is stabilizing. Economists surveyed by Bloomberg estimate a median gain of 65,000 jobs and expect the unemployment rate to remain flat at 4.3%, following March’s blockbuster increase of 178,000 roles. There was already one glimmer of […]
As the AI boom spurs activity across almost every corner of Wall Street, bankers are coming out on top in compensation hikes. “The big banks had a very good 2025. They’re doing at least as well, if not better, this year, and pay will be up significantly,” Alan Johnson, managing director of Johnson Associates, said […]
The S&P 500 (^GSPC) is not just beating Q1 earnings expectations. It’s blowing them up. This earnings season is shaping up as one of the index’s strongest in 20 years, with profit growth accelerating, beat rates running hot, and analysts lifting estimates instead of cutting them. That’s the good news. The catch is that Wall […]
US private employers added 109,000 jobs in April in the fastest monthly gain since January 2025, payroll processor ADP said Wednesday. Economists surveyed by Bloomberg had expected an increase of 120,000 roles after February and March each posted an excess of 60,000 positions. ADP’s report may build on the sentiment that the labor market is […]
Oil prices plunged on Wednesday morning on news that the US and Iran may be within striking distance of a deal to end the war in Iran that has wracked the global energy market. Futures on Brent crude (BZ=F), the international benchmark, fell by as much as 11% to briefly dip below $100 per barrel […]
The European Union has tools that it can turn to if Donald Trump makes excessive threats to strategic industries such as steel, French Trade Minister Nicolas Forissier said. The US president said on Friday he planned to increase levies on imports of EU cars and trucks to 25% this week because he considers the bloc […]
Palantir Technologies (PLTR) reported Q1 revenue and profit that topped analyst estimates, driven by surging sales to commercial clients and the US government sector. The company’s revenue jumped 85% in the first three months of this year to $1.63 billion, beating the consensus estimate of $1.53 billion, according to Bloomberg data. The majority of that […]
