Shares of power chips maker Allegro Microsystems jumped Thursday in intraday trading after it rejected the latest bid by its larger rival ON Semiconductor, also known as Onsemi, describing the offer as "inadequate."
U.S. equities dipped at midday as confusion over the new tariffs by President Donald Trump led to market uncertainty. The Dow Jones Industrial Average, S&P 500, and Nasdaq were down.
Revenue from new import duties “could be very substantial,” Treasury Secretary Scott Bessent said.
BJ's Wholesale Club Holdings shares hit a record high Thursday on better-than-expected results and expansion plans.
Early signs of the Department of Government Efficiency's job cuts are appearing in labor market data
The Commerce Department has changed its rules in a way that could open the door for Starlink, Elon Musk’s satellite internet service, to become part of a federal $42 billion grant program to bring high-speed service to rural and poor areas of the United States.
WASHINGTON (Reuters) -If sustained, U.S. tariffs imposed on Mexico and Canada will have a significant adverse impact on those countries, the International Monetary Fund said on Thursday, citing the strong integration of both countries with the U.S. economy. IMF spokesperson Julie Kozack said the U.S. tariffs on Mexico and Canada and new duties on China, along with countermeasures announced by China and Canada, and potentially Mexico, amounted to significant new developments.
Women are becoming an increasingly powerful economic driver, says Bank of America, and their prosperity benefits everyone.
Despite having been around for over a decade, cryptocurrencies still remain largely misunderstood. In this article, we dispel a few of the biggest crypto myths.
All 11 of the S&P 500’s sectors were in retreat Thursday morning, with several of them off more than 1%.
