Federal Reserve Bank of Philadelphia President Patrick Harker did not comment on the economy and monetary policy in a speech text on Monday. The official instead used prepared comments to a student group to explain the Fed's structure and how it makes policy decisions.
Goldman Sachs lowered its outlook for U.S. hotels Monday, pointing to lagging consumer demand, growing economic uncertainty, and troubling signals from the airline industry.
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 8.4% in the morning session after NATO acquired the company's (PLTR's) AI-powered Maven Smart System to improve its military capabilities. The Maven system, used by the U.S. military, applies advanced artificial intelligence to rapidly process and interpret massive volumes of battlefield data, enabling faster and more precise target identification.
The S&P 500 gained 0.8% on Monday, April 14, 2025, after smartphones and other electronics were exempted from President Donald Trump's "reciprocal" tariffs.
(Bloomberg) -- Wall Street on Monday finally caught a respite from the deep selloffs and unusually sharp swings that have raced through markets ever since President Donald Trump unleashed his global trade war. Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageThat was most evident in th
US oil producers face challenges maintaining margins with WTI crude prices hovering around $60 per barrel due to corporate costs and trade policy impacts.
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 2.2% in the morning session after reports indicated that smartphones, computers, and a wide range of tech devices and components would be exempt from the reciprocal tariffs on U.S. imports announced on April 2, 2025. The list of spared goods includes chips, solar panels, flat-screen TVs, flash drives, and memory cards.
U.S. stocks, including Strategy (MSTR) and MARA Holdings, rose on possible progress on trade talks with the EU.
- Bitcoin ETFs have experienced consistent outflows in April despite price gains. - MicroStrategy continues its aggressive Bitcoin acquisition strategy amid the market volatility. - Total outflows reached $812.3 million for April, with BlackRock's IBIT leading withdrawals.
Despite the optimism, President Donald Trump warned in a Truth Social post on Sunday that tech-related tariff exemptions will be short-lived.
