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US stocks opened lower amid trade concerns and ahead of the release of Federal Reserve minutes. The S&P 500 and Nasdaq Composite each dropped roughly 2%, while the Dow Jones Industrial Average fell 0.3%. Investors await the Fed minutes for insights into the potential impact of tariffs and the chances of rate cuts.
Published on: February 19, 2025, 03:05 PM UTC
Stocks fell as President Donald Trump’s latest tariff threats stoked concern about a trade war. The S&P 500 slid from a record and homebuilders sank.
Published on: February 19, 2025, 03:04 PM UTC
Trump's economic advisors aim to lower borrowing costs by targeting the 10-year Treasury yield, influenced by market forces rather than the Fed's monetary policy. They believe controlling inflation and promoting growth will reduce the yield and free up capital for investments.
Published on: February 19, 2025, 03:03 PM UTC
Warren Buffett's Berkshire Hathaway (BRK-B) holds a 5.6 million share stake in Constellation Brands (STZ), making it the sixth-largest shareholder of the beer and liquor giant. Shares of STZ jumped 5% on the news, which indicates a positive vote of confidence in the company.
Published on: February 19, 2025, 03:03 PM UTC
The Takeaway from today's Morning Brief, which you can sign up for in your inbox every morning along with a chart of the day, what we're watching, what we're reading, and economic data releases and earnings.
Published on: February 19, 2025, 03:03 PM UTC
Bausch and Lomb chairman and CEO Brent Saunders discusses the company's recent earnings and provides insight into the future of the contact lens market.
Published on: February 19, 2025, 03:02 PM UTC
U.S. stocks open lower as investors digest Trump's latest tariff threat and await Fed minutes, due later this afternoon.
Published on: February 19, 2025, 03:02 PM UTC
California Wildfires Expected to Cost Insurers Up to $100 Billion, Says Conduit Re
Published on: February 19, 2025, 03:01 PM UTC
Top Wall Street Analyst Calls: Electronic Arts Initiated, Workday Downgraded
Published on: February 19, 2025, 03:01 PM UTC
Formula One, now in its 75th season, unveils new race cars and tech in London, showcasing its growing popularity due to Netflix's "Drive to Survive" and expanding into the US market with races in Miami, Las Vegas, and Austin.
Published on: February 19, 2025, 03:00 PM UTC