Stock Market News

SpaceX IPO may expose a deeper investor risk

SpaceX’s expected stock market debut is already being framed around its size, valuation and Elon Musk’s ability to generate extraordinary investor demand. But the most important issue may not be the price

Consumer confidence hits a new low

American consumers turned sharply more pessimistic in April as the economic fallout

Burry revives the debate around Palantir

Michael Burry has once again inserted himself into one of the market’s

Meta’s new AI model now faces a harder test

Meta has finally shown the first major product from its new artificial

Ceasefire sparks broad rally across Wall Street

Wall Street staged a powerful rebound as investors responded to the U.S.-Iran

Finance

Trump files $5bn lawsuit against JPMorgan and Dimon

Lawsuit alleges political debanking U.S. President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its chief executive Jamie Dimon, accusing the bank of unlawfully closing several of

Natural gas prices jump as Arctic cold grips the U.S.

Energy markets react to extreme winter forecast Natural gas prices surged sharply on Wednesday as forecasts pointed to an intense

UK court backs regulator on cross-border card fee caps

Payments firms lose challenge against UK watchdog Mastercard, Visa and British fintech Revolut have lost a legal challenge against Britain’s

U.S. Holiday Retail Sales Rise as Shoppers Seek Deals

Spending grows despite tighter household budgets U.S. retail sales have climbed by roughly 4% so far this holiday season, reflecting

RBC boosts dividend as record results fuel global ambitions

Strong earnings power a higher payout for shareholders Royal Bank of Canada reported a record fourth quarter, prompting its board

Business

Trump’s Drug Tariffs Reshape Pharma Pressure

President Donald Trump has moved to intensify pressure on the pharmaceutical industry by ordering 100% tariffs on branded drugs imported into the United States

McCormick Strikes $45 Billion Unilever Foods Deal

McCormick has agreed to buy most of Unilever’s food business in a

JetBlue Raises Bag Fees as Fuel Costs Jump

JetBlue Airways is increasing checked baggage fees as fuel prices surge in

Netflix Lifts Prices Across All Plans

Streaming leader raises monthly rates again Netflix has increased prices across its

Meta layoffs clash with massive exec pay plan

Job cuts and billion-dollar incentives highlight a company in transition toward artificial

Meta faces legal blows as pressure builds

Two courtroom defeats deepen scrutiny of the company’s platforms just as investors

Amex adds ChatGPT credit to business cards

New perk could be useful, but only for firms already paying for

Technology

Intel gets a lift from Musk’s Terafab partnership

Chipmaker joins a high-profile project in Texas Intel has secured a new role in Elon Musk’s expanding hardware and artificial intelligence network, announcing that it will join the Terafab AI chip complex