Business

The stock market’s shine in the wake of President Trump’s election fully wore off in late February, with the new administration’s early policy priorities and weak consumer sentiment making investors uneasy about the economy. Stocks climbed to new highs in the immediate aftermath of Mr. Trump’s win, as traders geared up for lighter regulation and…

After nearly a decade of trying, Apple finally gave up its effort to produce an electric car last year, canceling a project that soaked up $10 billion. But last year in China, the electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed to…

The Consumer Financial Protection Bureau‘s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees. In a trove of statements released late Thursday, federal employees said that the mass layoff was discussed in meetings they attended this month with senior CFPB leaders and members of…

Traders work on the floor of the New York Stock Exchange on Feb. 13, 2025. Danielle DeVries | CNBC The S&P 500 was flat Friday after the latest personal consumption expenditures price index came in-line with expectations as Wall Street wrapped up a losing week and month. The broad market index added 0.1%, while the…

China has in recent weeks staged military drills off Australia and Vietnam, sending pointed warnings near and far. Neither was a full-fledged exercise. But taken together, China’s recent shows of force, experts said, conveyed a message: the region must not ignore Beijing’s power and claims. Three Chinese naval ships, including a cruiser with 112 missile…