US consumer sentiment unexpectedly fell to the second-lowest level on record and inflation expectations climbed to multi-decade highs amid growing concerns about tariffs. The preliminary May sentiment index declined to 50.8 from 52.2 a month earlier, according to the...

For all the worry about tariffs causing pain for American consumers, shoppers have so far been mostly shielded from — or shrugged off — higher prices at the checkout aisle. Businesses absorbed much of the costs from new levies as they took effect last month, economic...

Cava Group Inc. sales rose in the first quarter, defying the consumer malaise that rivals have blamed for a slowdown in restaurant visits. Sales at established restaurants grew 10.8% in the three months ended April 20, in line with the average estimate of analysts...

President Donald Trump’s tariffs announcement on April 2 devastated financial assets, wiping out some $6 trillion in market value from US stocks in just two trading days. Wall Street’s “smart money” — hedge funds and other professional investors — dumped equities, and...

The trade truce is not enough to ignite a rush into Chinese financial assets amid expectations of reduced policy stimulus and lingering uncertainty on a final deal. While Chinese stocks have rallied following the agreement, recouping their losses since the April 2...

The number of robots that resemble and act like humans is likely to reach nearly 1 billion by 2050, with China currently leading in development. The humanoids market could surpass $5 trillion by 2050, including sales from supply chains and networks for repair,...

President Donald Trump said he plans to order a cut in US prescription drug costs to bring them in line with other countries, spurring a drop in pharmaceutical shares worldwide. Trump said drug prices will be cut by “59%, PLUS!” in a social media post on Monday. Over...

The stock market’s stunning rebound over the last month has largely been driven by Main Street investors buying the dip in everything in sight while professional money managers ditched US stocks, spooked by mounting fears of slowing economic growth and trade war...

China’s consumer deflation extended for a third month in April as punitive tariffs imposed by the US add to a drag on prices from weak domestic demand. The consumer price index fell 0.1% from a year earlier, the National Bureau of Statistics said Saturday, similar to...

A stock-market indicator has entered a phase historically associated with the worst return prospects for the S&P 500 Index. The Equity Market Regime Model, a Bloomberg Intelligence tool that tracks the benchmark stock gauge and clusters periods into three...

For more than a year, Alphabet Inc. shareholders have fretted over long-term risks posed by artificial intelligence to the company’s money-printing search business. This week the threat became much more immediate. Court testimony from an Apple Inc. executive on...