SPDR S&P 500 ETF Trust (SPY)

CEO Andy Jassy has previously indicated plans to reduce what he described as excess managerial layers.

Major cryptocurrencies declined sharply on Friday, with the total crypto market cap falling 3.77% to $3.18 trillion. Bitcoin (CRYPTO: BTC) maintained a 63.7% dominance, while Ethereum (

Earnings from high-profile chip maker Broadcom elicited negative stock reaction, portending a potential hit to the sector in Friday’s session.

In April, BlackRock stated that its employee compensation and benefits expense increased by 7% in the first quarter following acquisitions.

Musk, the world’s richest person, saw his net worth drop by roughly $34 billion, as a large portion of his wealth is linked to his electric vehicle company.

Waldron said in a podcast that Goldman Sachs is absorbing a “lot of risk” from its clients, but wherever possible, it is paring risks and staying “a bit closer to home.”

The Fed official stated that disinflation has slowed, and the effects of higher tariffs are expected to continue raising inflation in 2025.

Speaking at a House Appropriations subcommittee hearing on the Commerce Department’s budget, Lutnick said China is trying to copy the United States’ technology.

In a letter to the House and Senate, a group of 260 lawmakers has called out the provisions of the tax bill aimed at restricting AI regulation for 10 years.

All three major U.S.

Although Griffin acknowledged that prices have been impacted by some liquidity issues in the credit default swaps (CDS) market, he called the conversations surrounding the swap prices “unfathomable.”

The trade deficit for April stood at $61.60 billion, the lowest since 2023, declining by more than half from the $140 billion recorded in March.

The call was initiated by Trump, Beijing’s Ministry of Foreign Affairs said in a statement.

The ECB acknowledged that global trade tensions are likely to weigh on investment and exports in the near term.

Billionaire Elon Musk and Senator Mike Lee have endorsed Warren Buffett's famous plan to eliminate the U.S. deficit crisis in five minutes.

Dollar Tree presented its "5 levers mitigation strategy' to sift through Donald Trump's "highly fluid and changing" tariff scenario.

While Dow Jones futures were up 0.11% at the time of writing, the S&P 500 futures rose 0.06%.

US markets closed mixed as weak data and trade tensions weighed. S&P 500 flat, Nasdaq up, Dow down. Asia and Europe markets mostly up. Oil steady.

Craig Shapiro argues that the U.S. debt ceiling fails to curb excessive government spending and creates political theater every few years.

U.S. stock futures were flat on Thursday after a mixed close on Wednesday. Futures of major benchmark indices were mixed in premarket.

Analysis suggests that it's "easier to digest" the Nasdaq 100 index's premium valuation given its growth optimism for 2025 and 2026.

In other changes, the CTO will now report to the CFO, while its chief legal officer is leaving.

As the market recovers from April lows, the Magnificent 7 stocks led nearly 55% of the S&P 500's market capitalization recovery.

Several European auto supplier plants have reportedly been shut down due to China’s curbs on the critical components.