Market News

Latest financial news from across the markets

Daily Market Overview

The market is reacting to significant developments surrounding President Trump's tariffs, as the Supreme Court ruled many of them unconstitutional, leading to potential refunds estimated at over $175 billion. Retail stocks like Amazon and Etsy saw gains following the ruling, while Nike's stock experienced volatility amid ongoing tariff uncertainties. In tech, OpenAI announced a reset in spending expectations, targeting around $600 billion by 2030, and Microsoft’s Xbox chief Phil Spencer announced his retirement, replaced by AI executive Asha Sharma. Meanwhile, average IRS tax refunds are up 14.2%, which could influence consumer spending trends moving forward.

Latest Market Updates

Could ‘Toy Story 5’ help parents get kids off screens? ‘Talk about it,’ says expert

Could ‘Toy Story 5’ help parents get kids off screens? ‘Talk about it,’ says expert

less than a minute ago

Treasury: Trump accounts sign up about 3 million kids in early push

Treasury: Trump accounts sign up about 3 million kids in early push

less than a minute ago

OpenAI resets spending expectations, says compute target is around $600 billion by 2030

OpenAI resets spending expectations, says compute target is around $600 billion by 2030

less than a minute ago

Blue Owl's software lending triggers another quake in private credit

Blue Owl's software lending triggers another quake in private credit

less than a minute ago

National PTA breaks ties with Meta amid child-safety trials

National PTA breaks ties with Meta amid child-safety trials

less than a minute ago

The best trades after geopolitical shocks as possible Iran conflict looms

The best trades after geopolitical shocks as possible Iran conflict looms

less than a minute ago

Here's the one market theme that could steal attention from Nvidia next week

Here's the one market theme that could steal attention from Nvidia next week

less than a minute ago