Mastercard’s CEO noted weakening consumer sentiment but said “the fundamentals that support consumer spending have been solid.”
MarketWatch
Jobless claims rise to highest level since October, but not from tariff war
Companies are not laying off workers by large amounts, and are still watching and waiting amid uncertainty about how the economy manages the higher tariffs.
What 150 years of stock-market data says about performance during high-tariff eras
A unique database of investment returns that dates back to 1875 shows that high tariffs can coexist with stock-market gains.
No, Donald Trump. This is not Joe Biden’s stock market. It’s yours.
This is Trump’s economy, too. He needs to own it.
Why Microsoft’s stock is seeing an unusually large gain after earnings
Microsoft saw a surprisingly strong performance in the cloud, but it’s also monetizing generative AI well and moderating capital-spending growth.
CVS Health’s Aetna to exit Obamacare business, boost Wegovy access
CVS’s stock surges toward a one-year high after profit and revenue beat expectations, amid strength in the pharmacy business, and the full-year outlook was raised.
Tesla denies report that it’s initiated a search for Elon Musk’s successor as CEO
Tesla Inc.’s board of directors took steps toward finding Chief Executive Elon Musk’s successor earlier this month, as the EV maker’s stock sank while Musk prioritized his DOGE efforts, according to a new report.
McDonald’s sees lower foot traffic as revenue misses Wall Street expectations
The fast-food giant says consumers continue to grapple with uncertainty
Let’s make America great in technology again — because it’s losing its lead
While the Trump administration slashes funding for science and technology, China races ahead.
GM slashes profit outlook, sees tariffs costing up to $5 billion
GM’s updated guidance comes two days after the automaker reported quarterly earnings, in which profit and revenue topped expectations.