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Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Donald Trump’s tariffs are hurting or helpin
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The company has already made cost-cutting strides this month, axing about 9,000 employees in its latest round of layoffs. Analysts surveyed by Visible Alpha see about $73 billion in operating expenses in Microsoft's fiscal 2026, which implies 11% growth.
Wall Street experienced a record-breaking revenue surge in the year’s second quarter, investment bank Goldman Sachs announced Wednesday morning, following the market uncertainty caused by President Donald Trump’s “Liberation Day” tariffs in April.
Wall Street dipped to small losses in premarket trading, but indexes remained near record highs on another big day for corporate earnings reports
Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.
Wall Street was poised to open with gains Monday ahead of a busy week of corporate earnings reports. Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq were all up more than 0.2% before the bell.
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On Wednesday morning, as markets worldwide shuddered on news that President Donald Trump was likely to fire Jerome Powell, James van Geelen at Citrini Research wasted no time in blasting a “macro trade” alert to his some 50,