Tech Sector Leads Losses as Nvidia, Apple Slide in Profit-Taking Session
Information technology emerges as the worst-performing S&P 500 sector as investors rotate out of 2025's biggest winners including Nvidia and Apple.
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GM Takes $7.1 Billion Q4 Charge as EV Restructuring and China Woes Mount
General Motors announces massive fourth-quarter charges related to EV production pullback and China joint venture restructuring as the automaker recalibrates strategy.
Ford and GM Rally After Treasury Announces Car Loan Interest Tax Deduction
Auto stocks surge after Treasury Secretary Bessent announces implementation of Trump's 'No Tax on American Car Loan Interest' policy allowing $10,000 annual deductions.
Defense Stocks Surge as Trump Proposes $1.5 Trillion Military Budget for 2027
Northrop Grumman, Lockheed Martin, and RTX rally after President Trump announces plans to boost Pentagon spending by over 50% to build his 'Dream Military.'
CBO Projects Fed Rate Cuts Later in 2026: Unemployment to Peak at 4.6% Before Easing
The Congressional Budget Office projects the Federal Reserve will cut interest rates in 2026, with unemployment peaking at 4.6% before easing. The report factors in Trump's tariffs and immigration policies.
Trump Calls for $1.5 Trillion Defense Budget in 2027: Defense Stocks Surge on 'Dream Military' Vision
President Trump called for a $1.5 trillion defense budget for 2027, a 66% increase from current levels. Defense stocks including Northrop Grumman and Lockheed Martin jumped 7% on the news.
Wall Street's New Year Rally Hits First Roadblock: Dow Drops 450 Points as Profit-Taking Sets In
The S&P 500 and Dow retreated from record highs as investors locked in gains from the 'Freedom Rally,' with financials and energy leading the selloff.
Intel's Panther Lake Arrives: First 18A Chips Signal the Chipmaker's Manufacturing Comeback
Intel unveiled its Core Ultra Series 3 processors at CES 2026, marking the first major deployment of its 18A manufacturing process and a critical milestone in the company's turnaround.
Alaska Airlines Places Largest Order in Its 92-Year History: 110 Boeing Jets Signal Global Ambitions
Alaska Airlines announces its biggest-ever aircraft order with 110 Boeing planes worth billions, marking a major expansion push into international markets.
Nvidia's Vera Rubin Superchip Enters Full Production Two Quarters Ahead of Schedule
Nvidia announced its next-generation Vera Rubin AI superchip has entered full production nearly two quarters ahead of schedule, delivering 5x better inference performance than Blackwell at 10x lower cost per token.
Philadelphia Fed's Paulson Signals Rate Cuts Coming 'Later in 2026' as Inflation Nears Target
Philadelphia Fed President Anna Paulson expressed 'cautious optimism' on inflation, signaling that rate cuts could be appropriate later in 2026 if price pressures continue to moderate toward the 2% target.
Gold Retreats From $4,550 Record as Investors Lock in Profits After Historic 2025 Rally
Gold prices fell 1.36% on Wednesday as investors took profits following bullion's historic 64% gain in 2025. Analysts expect the pullback to be temporary as long-term fundamentals remain bullish.