With U.S. port fees on Chinese-built ships coming, ocean freight carriers scramble to avoid surprise financial hit
Confusion over looming port fee rules on China-built containerships has ocean carriers scrutinizing financing deals that could deem them to be Chinese entities.
This is the ‘biggest mistake’ young investors make, Josh Brown says
Young investors worry about losing money in the stock market. But it may be riskier for them to avoid stocks in favor of cash and bonds, financial experts say.
Stocks making the biggest moves premarket: Applied Digital, Mosaic Levi Strauss & more
See which stocks are posting big moves before the bell.
Morgan Stanley drops restrictions on which wealth clients can own crypto funds
Morgan Stanley’s move marks the latest expansion of access to crypto at the world’s largest wealth management firm.
How Costco quietly built a multibillion-dollar clothing empire
Costco has grown its clothing business by nearly 40% over the past five years, which is more than its peers BJ’s and Sam’s Club.
Here are Friday’s biggest analyst calls: Nvidia, Tesla, SharkNinja, Ferrari, Synchrony, Advanced Micro Devices, Caterpillar, Oracle & more
Here are Friday’s biggest calls on Wall Street.
NBA looks to China for growth, renewing a foothold in its second-largest market
The weekend marks a major milestone for the NBA, as years of rebuilding its relationship with China culminate with the Phoenix Suns and Brooklyn Nets facing off.
Shaq, Sam Altman-backed college startup Campus taps former Meta AI head as CTO
As part of the deal, Campus will buy Pesenti’s artificial intelligence learning platform Sizzle AI for an undisclosed amount.
Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’
Waller continues to support lowering rates but said the central bank needs to be careful amid conflicting economic signals.
China retaliates against U.S. port fees with new charges on American ships
The move comes a day after China ramped up restrictions on rare earths exports amid ongoing tensions with the U.S.