Stock market today: Dow, S&P 500 edge higher with Trump tariffs, jobs report in focus
Investors absorbed a report that President-elect Donald Trump is considering declaring a national economic emergency to pave the way for proposed tariffs.
Stocks have a mixed day on news Trump might declare an 'economic emergency'
The stock market had mixed results on Wednesday.
Edison International stock plummets as wildfires leave 70,000 Southern Californians without power
Edison International stock fell nearly 13% Wednesday after the company shut off power to tens of thousands of customers in Southern California as wildfires blazed through the region.
Wall Street little changed as investors assess inflation path
(Reuters) -U.S. stocks ended little changed on Wednesday in a session they struggled for a clear direction, as investors digested the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation. The minutes of the Federal Reserve's Dec. 17-18 meeting showed on Wednesday that officials saw a rising risk that price pressures may remain sticky as policymakers began wrestling with the impact of policies expected from the incoming Trump administration. Market sentiment was fragile after a CNN report said Trump was mulling building the new tariff program by using the International Economic Emergency Powers Act, which authorizes a president to manage imports during a national emergency.
GE HealthCare Stock Gains After Jefferies Analysts Name It 'Franchise Pick'
GE HealthCare Technologies shares gained Wednesday after Jefferies analysts called the stock a “franchise pick” and made a bullish case for the company’s diagnostic imaging business.
Trump Policy Jitters Spur Record $26 Billion Bond Flurry in Emerging Markets
(Bloomberg) -- Emerging market governments have notched up the busiest start to a year for bond sales on record, scrambling to lock in funds before US President-elect Donald Trump takes office.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?
Rigetti, IonQ stocks plunge after Nvidia CEO says 'useful' quantum computing is decades away
Rigetti Computing, IonQ, and other quantum stocks plunged after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.
Moderna stock forfeits gains as first US bird flu death puts vaccine development in focus
The first human bird flu death in the US has Moderna's vaccine development in focus for investors this week.
Coinbase scores win against SEC as judge agrees to escalate dispute over crypto security definition
Coinbase and the SEC have been locked in legal proceedings about whether the crypto exchange is violating securities laws.
Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. Minutes from the meeting, released after the typical three-week lag, also showed clear division among the Fed's 19 policymakers. Ultimately, the Fed choose to cut its key rate by a quarter-point to about 4.3%.