Wall Street keeps upping its bullish calls on gold — here's why
Earlier this week, analysts at Bank of America raised their price target on gold to $3,500 per ounce over the coming 18 months from a previous $3,000.
Car Makers Trail US High-Grade Market With Levies Set to Hit
(Bloomberg) -- Automakers’ bonds weakened in US debt markets on Thursday after President Donald Trump slapped 25% tariffs on car imports and warned of a broader trade war ahead.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesAffordable Housing Developers Stalled by Blocked Federal FundsRisk premiums, or the
Tesla’s $14 Billion Rally Eclipses a Rout in Other Auto Stocks
(Bloomberg) -- As shares of Elon Musk’s Tesla Inc. rally on Thursday, the jump in the size of the company dwarfed the decline in the value of its US rivals as the stocks responded to President Donald Trump’s latest tariff announcements. Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesAffordable Housing Deve
Dollar Tree Stock Leads S&P Gainers as Analysts Cheer $1B Family Dollar Sale
Dollar Tree shares extended their Wednesday gains into Thursday as analysts register bullishness on the retailer's deal to sell the Family Dollar brand.
CBO sees US deficits rising over 30 years, economic growth slowing
The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the next 30 years, in part due to rapidly rising interest costs, as it sketched out sluggish economic growth and a shrinking workforce. The U.S. public debt meanwhile is seen rising alarmingly, to 156% of GDP in 2055 from 100% in 2025. As the non-partisan budget analyst for Congress, the CBO bases its projections on current law, which could change significantly in the short-term.
US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says
Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday. The CBO’s latest long-term budget and economic outlook report — for a timeframe that spans 2025 to 2055 — projects publicly held debt to reach 156% of gross domestic product, or GDP, in 2055. The mix of slower population growth and unfettered spending will also result in weaker economic growth over the next three decades than what the CBO projected last year.
Trump's auto tariffs complicate Fed's deliberations on rates
(Reuters) -President Donald Trump's permanent 25% tariff on imported autos has expanded the global trade war, feeding expectations for higher prices for cars and other products, but doing little to settle the debate about how policies of his two-month-old administration will affect the U.S. economy. With more tariff announcements looming next week, Federal Reserve policymakers remain in a holding pattern on interest rates. With surveys showing signs of economic trepidation and a drop in confidence, central bankers are watching to see if this spills into "hard" data like the still-low unemployment rate.
GameStop stock slides 23% after announcing strategy shift and plans to buy $1.3 billion worth of Bitcoin
The company also plans to close a “significant number” of its stores in coming months.
Q1 2025 was the worst quarter ever for crypto hacks — $1.64B lost
Due to the Bybit hack worth $1.4 billion, Q1 2025 has proven to be the worst quarter ever in the history of crypto hacks.
Winnebago Stock Soars as Results Top Estimates, But RV Maker Cuts Outlook
Shares of Winnebago Industries surged Thursday after the maker of recreational vehicles posted quarterly results that topped analysts' estimates.