Wednesday, May 7, 2025

US stocks sink again as more companies detail damage they're taking because of Trump's trade war

US stocks fell as AI enthusiasm cooled and companies, including Ford and Clorox, withdrew forecasts due to Trump’s tariff uncertainty. The S&P 500 dropped 0.5%, led by declines in Palantir and Nvidia. Market caution grows amid economic unpredictability and potential Fed rate decisions.

from Tech-Economic Times https://ift.tt/4USCrx0

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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and no...