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The dollar advanced against its major peers after US President Donald Trump said he had no intention of firing Federal Reserve Chairman Jerome Powell.The greenback climbed the most against the yen and Swiss franc as a rise in US stock futures damped demand for haven assets. The dollar climbed as much as 1% versus both currencies to around 143.00 yen and 82.69 centimes, respectively. Some technical indicators and market positioning had suggested an overshooting of bearish dollar bets. The US currency fell to the lowest since December 2023 this week...

US Stock Market LIVE: Futures on Wall Street recovered from the early lows and are now trading with gains after Monday's steep sell-off. The Dow futures, which at one point, were down 80 points, are now trading with gains of close to 350 points, while the S&P 500 and Nasdaq futures are trading with gains of 50 and 180 points respectively. Watch this space for all the Live Updates.US Stock Market LIVE: Futures on Wall Street recovered from the early lows and are now trading with gains after Monday's steep...

US stock futures edged slightly up on Tuesday following a bruising day on Wall Street, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump. Futures attached to the Dow Jones Industrial Average (YM=F) climbed 0.8%. Futures for the benchmark S&P 500 (ES=F) ascended 0.9%, while futures for the tech-heavy Nasdaq Composite (NQ=F) advanced 1%. CBOT - Delayed Quote • USD As of 5:47:24 AM EDT. Market Open. YM=F ES=F NQ=F On Monday, stocks tanked as Trump took to social media to say that the US economy...

By Hannah Parry is a Newsweek Live Blog Editor based in New York. Her focus is reporting on U.S. politics and society. She has covered politics, tech and crime extensively.Hannah joined Newsweek in 2024 and previously worked as an assistant editor at The U.S. Sun and as a senior reporter and assistant news editor at The Daily Mail. She is a graduate of the University of Nottingham. You can get in touch with Hannah by emailing h.parry@newsweek.com. Languages: English. Hannah Parry and Gabe Whisnant is a Breaking News Editor at...

US stock futures traded flat after a bruising day on Wall Street, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq Composite (NQ=F) dipped 0.1%. CBOT - Delayed Quote • USD As of 9:39:30 PM EDT. Market Open. YM=F ES=F NQ=F On Monday, stocks tanked as Trump took to social media to say that the US economy would slow unless Powell cuts interest rates now, calling the Fed...

Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant. Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year. Hertz stock surged on Wednesday after Pershing Square disclosed its 12.7 million share stake, fueling investor speculation about the high-profile fund's view of the struggling company. The rental company reported a loss...

Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant. Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year. Hertz stock surged on Wednesday after Pershing Square disclosed its 12.7 million share stake, fueling investor speculation about the high-profile fund's view of the struggling company. The rental company reported a loss...

Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant. Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year. Hertz stock surged on Wednesday after Pershing Square disclosed its 12.7 million share stake, fueling investor speculation about the high-profile fund's view of the struggling company. The rental company reported a loss...

Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant. Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year. Hertz stock surged on Wednesday after Pershing Square disclosed its 12.7 million share stake, fueling investor speculation about the high-profile fund's view of the struggling company. The rental company reported a loss...

America's largest homebuilder, D.R. Horton (DHI), warned on Thursday that its key spring selling season has gotten off to a sluggish start as elevated mortgage rates and growing economic uncertainty continue to erode consumer confidence. "This year's spring selling season started slower than expected," D.R. Horton CEO Paul Romanowski told analysts and investors on the company's second quarter earnings call. "We have been more cautious due to continued affordability constraints and declining consumer confidence." The homebuilder reported a 15% year-over-year decline in net sales orders for its fiscal second quarter,...