"We do not seek conflict with Iran or any other country," Trump told reporters in the Oval Office.Politicsread more
Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Amazon announces the opening of the Amazon Professional Beauty Store to offer professional stylists, barbers and aestheticians beauty supplies typically found in salons and...Marketsread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
Bitcoin is approaching its highest level in more than a year after soaring above the $11,000 level this weekend.Bitcoinread more
McDonald's says it gained market share in the informal-eating-out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
Just five components of the Dow Jones Industrial Average were on track for May gains as of Thursday afternoon trading, yet another reflection of the effect the U.S.-China trade war is having on Wall Street.
UnitedHealth, Pfizer, Travelers, Merck and McDonald's were the only stocks of the Dow 30 in positive territory for the month as of noon Thursday, with the broader index well on its way toward its first month of losses in 2019. Dow, 3M, Intel, Caterpillar and Apple, the worst performers in May, were each down at least 11% for the month on May 30.
The blue-chip Dow has shed more than 1,400 points (5.5%) during the month as a breakdown in trade relations between Washington and Beijing triggered the implementation of new import tariffs by both nations.
The Trump administration has also barred American tech firms — as well as overseas allies — from working with Chinese telecommunications giant Huawei.
China has in turn made veiled threats to curb its exports of rare earth metals to the U.S., a move that could potentially cripple high-tech firms like cellphone and electric car makers.
Those developments have sent shockwaves reverberating across Wall Street as fears of a global economic slowdown sent traders fleeing from companies with significant Chinese sales exposure.