News

Maryland lost its triple-A bond rating from Moody's on Wednesday, a rating the state has cited for more than 50 years as a sign of strong fiscal stewardship. Moody’s downgraded the state’s credit rating to Aa1. Maryland had received a triple-A bond rating from Moody’s since 1973.

Companies that make some of the biggest American brands say some consumers overseas are avoiding their products in protest of Trump's trade war.

Republicans proposed a tiered system on wealthy private institutions’ investment income, though experts say higher rates could harm student aid.

Microsoft is set to stave off a possible hefty antitrust fine as EU regulators are likely to accept an offer on its Office and Teams products, three people familiar with the matter said on Wednesday, amid tensions with the United States over the EU's scrutiny of Big Tech. Microsoft found itself back in the EU antitrust crosshairs after Salesforce-owned Slack alleged in a 2020 complaint to the European Commission that Microsoft was getting an unfair advantage by bundling chat and video app Teams with its Office product. Microsoft subsequently unbundled Teams from Office in 2023, selling Office without Teams for 2 euros ($2.24) less than Office with the video app, while Teams standalone would be sold for 5 euros a month.

Results from Walmart, a bellwether for the U.S. retail industry, will offer proof on Thursday why the Arkansas behemoth is best placed to navigate the uncertainty from the Trump administration's tariffs. Walmart is among a handful of large companies that has not either pulled or slashed its forecast. Since the announcement was made minutes before U.S. imposed a 145% tariff on China - Walmart's largest supplier - investors will watch for any adjustment to the outlook and whether it absorbs any tariff-related costs or passes them on to customers.

As long as interest rates remain elevated, lenders could be at risk if depositors get spooked.

With egg prices declining for the first time in months, we examine the implications for Cal-Maine Foods and analyze whether the stock deserves a place in your portfolio.