Trump says he’s raising EU auto tariffs to 25% without clarifying how
The Supreme Court struck down Trump’s “reciprocal” tariffs earlier this year, and Europe warned that its trade deal with Washington could be in jeopardy.
S&P 500 rises to record to kick off May trading as oil falls, Apple shares jump: Live updates
April marked the best monthly performance since 2020 for both the S&P 500 and Nasdaq Composite.
Stocks making the biggest moves midday: Atlassian, Apple, Roblox, Reddit, Twilio & more
Here are the stocks making headlines in midday trading.
Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’
Oil prices have soared on the risk of escalation and then plunged on hopes for peace before repeating the cycle.
Trump says government gave ‘final’ bailout proposal for Spirit Airlines as liquidation looms
Talks with bondholders for a government bailout this week have not yet yielded a deal.
Apple stages sharpest rally in 9 months as execs cite iPhone, Mac demand in boosting guidance
On its quarterly earnings call, Apple said revenue growth in the current quarter would be between 14% and 17%, well above analysts’ estimates.
Trump says ‘Iran wants to make a deal, but I’m not satisfied with it’
Trump said “is tremendous discord” among Iran’s leaders, which has complicated efforts to end the war that the United States began in late February.
Bitcoin surged in April, but weak buyer demand makes the rally vulnerable
Bitcoin surged in April, but its run could be on shaky ground, according to CryptoQuant.
UK exports to U.S. plunge by 25% after Trump’s ‘liberation day’ tariffs blitz
The U.K. is now running a trade deficit with its largest trading partner.
Lutnick gets grilling on Nvidia chip sales to China in letter from Sen. Chris Coons
Sen. Chris Coons demanded answers on H200 chips sales to China after Commerce Secretary Howard Lutnick and the Nvidia CEO Jensen Huang give differing answers.