Accenture warned Thursday that cost-cutting measures led by Elon Musk’s Department of Government Efficiency will hurt its bottom line because several multi-million dollar contracts were canceled — sending shares tumbling 7%. The consultancy giant’s CEO Julie Sweet...

The Federal Reserve needs to make it clear at its policy meeting this week that it may have to cut rates if there are continuing signs that the economy is slowing, according to Mohamed El-Erian. For now, the Fed should postpone rate cuts while also avoiding raising...

Cheerios maker General Mills Inc. cut its guidance for fiscal 2025 sales in a sign of slowing consumer spending across the US. Organic sales are expected to fall as much as 2% this year, the company said on Wednesday. General Mills, which is now in its fourth quarter,...

Meta Platforms Inc. tumbled into negative territory for the year on Tuesday, becoming the last of the so-called Magnificent Seven stocks to lose its year-to-date gain. The Facebook parent fell 3.7%, extending a recent selloff that now has it down 0.5% for 2025. The...

ESG fund bosses battered by years of underperforming returns are rapidly redefining their mandates to make room for highly lucrative defense bets. Since Russia’s 2022 invasion of Ukraine and through the end of the fourth quarter of last year, the share of sustainable...

Most of the so-called memecoins that are flooding the $2.6 trillion cryptocurrency space will probably end up “worthless,” according to Cathie Wood. The combination of blockchain technology and artificial intelligence is creating “millions” of meme cryptocurrencies...

Investors have slashed holdings of US equities by the most on record, according to Bank of America Corp.’s latest survey, underscoring the massive rotation that’s underway in global markets. Fund managers reported being about 23% underweight in US stocks — a plunge of...

President Donald Trump’s tariff campaign is likely to worsen inflation and raise the bar for Japanese companies to invest in the US, defying the president’s aim to lure investment and revive American manufacturing, according to the chair of the Japan External Trade...

BYD Co. shares jumped to a record after the Chinese automaker unveiled a lineup of electric vehicles that it says can charge almost as fast as it takes to refuel a regular car. The automaker’s stock climbed as much as 6% at the open of trading in Hong Kong Tuesday,...

BYD on Monday unveiled a new platform for electric vehicles (EVs) that it said could charge EVs as quickly as it takes to pump gas and announced for the first time that it would build a charging network across China. The so-called “super e-platform” will be capable of...

Another Wall Street strategist is lowering her year-end target on the S&P 500 (^GSPC), citing economic growth concerns. Following the S&P 500's recent 10% drawdown, RBC Capital Markets head of US equity strategy Lori Calvasina lowered her year-end target to...

Confidence among US homebuilders slid this month to the lowest level since August, dragged down by worry over tariffs, higher construction costs and economic uncertainty heading into the spring selling season. An index of housing market conditions from the National...

Retail sales rose less than expected in February and saw downward revisions for January amid fears the US economy may be growing slower than Wall Street initially thought to start 2025. Headline retail sales rose 0.2% in February, less than the 0.6% increase...

Canadian home sales in February dropped to the lowest level since November 2023 as the uncertainty of a trade war with the US kept buyers on the sidelines. Transactions fell 9.8% from a month earlier, according to data released Monday by the Canadian Real Estate...