The Federal Trade Commission accused the social media company of exercising monopoly power and violating the Sherman Act. WASHINGTON—Mark Zuckerberg, CEO of social media giant Meta Platforms, testified in federal court on April 14 as part of a trial in which the Federal Trade Commission (FTC) attempted to convince a judge that his company violated
Stocks rallied worldwide after President Donald Trump relaxed some of his tariffs and as stress from within the U.S. bond market seemed to ease. The S&P 500 rose 0.8 percent Monday. The Dow Jones Industrial Average also rose 0.8 percent, and the Nasdaq composite climbed 0.6 percent. Apple and other technology stocks helped lift the
Tariffs could play a major role in global energy markets over the coming year. Crude oil prices tumbled after the Organization of the Petroleum Exporting Countries (OPEC) reduced its global oil demand forecasts for 2025 and 2026, citing the effects of U.S. tariffs. According to OPEC’s latest Monthly Oil Market Report, released on April 14,
The White House has said the duties are needed to offset trade imbalances and to shore up U.S. national security. Five companies filed a lawsuit against the Trump administration over its decision to impose tariffs on nearly every country in the world, arguing that President Donald Trump overstepped his authority. On April 2, Trump announced
The president recently implemented 25 percent tariffs on automobiles manufactured outside the United States. Shares of automakers surged by more than 3 percent after President Donald Trump hinted that he could offer “help” to car companies. Speaking to reporters from the White House on April 14, the president said he may assist automakers in making
The deadline for most Americans to file their taxes is Tuesday, April 15, 2025. The IRS sent final reminders to Americans that their deadline to file their 2024 taxes is Tuesday, April 15, but it gave an exemption to residents and businesses in Tennessee due to recent weather events. The IRS, which announced Jan. 27
Nividia said it will partner with TSMC and other firms to spend up to $500 billion in the United States to build supercomputer manufacturing plants. Nvidia Corp. is beginning to produce chips in the United States and will soon build multiple “supercomputer manufacturing plants.” On April 14, the California-based technology giant announced its intent to
Union officials also said they are “hopeful” that the coal and iron ore required at the North Lincolnshire works will arrive within the next 48 hours. The government is “confident” it will secure the supply of materials needed to keep the blast furnaces burning at British Steel’s Scunthorpe plant, Downing Street has said. Number 10
After three straight quarters of declines, foreclosures for the first quarter of 2025 also rose. The number of properties foreclosed in March as well as the first quarter of this year registered an increase amid elevated interest rates, according to real estate data company ATTOM. “There were a total of 35,890 U.S. properties with foreclosure
If you’re looking for a place to park large sums of cash until better investment opportunities arise, then a money market fund may be right for you. If you’re looking for a low-risk investment, you may want to look into money market funds. But it’s important to understand these financial instruments before you jump in.