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Investing.com -- Amazon.com Inc (NASDAQ:AMZN) has been hit with a proposed class-action lawsuit by consumers seeking refunds for inflated product costs passed down from tariffs that the U.S. Supreme Court later ruled were unlawfully imposed by President Donald Trump, according to a Reuters report.
Alphabet's YouTube and Snap have reached settlements in the first case set for trial in litigation seeking to force social media platforms to cover the costs school districts incur to combat a youth mental health crisis they say the companies fueled. The settlements were detailed in court filings on Friday in federal court in Oakland, California, and resolve claims by a Kentucky school district that is still due to take Facebook and Instagram parent Meta Platforms and TikTok to trial on June 15. Terms of the settlements with Breathitt County School District in rural Eastern Kentucky were not disclosed.
By Nate Raymond May 15 (Reuters) - Amazon.com Inc was sued on Friday by consumers seeking refunds for costs passed on to them in the form of higher prices as a result of tariffs the U.S.
Yahoo Finance's Josh Lipton takes a look at the top stories for investors to watch for the week of May 18, including Nvidia (NVDA) and Walmart (WMT) earnings, Tuesday’s Pending Home Sales report, and the release of the Fed’s April FOMC meeting minutes on Wednesday.
Arm Holdings is facing an antitrust probe by the U.S. Federal Trade Commission over the British chip designer's licensing of its semiconductor technology, part of ongoing global scrutiny of the business, Bloomberg News reported on Friday. The FTC is investigating whether Arm is trying to illegally monopolize parts of the semiconductor market. It is looking to assess if Arm will reject or downgrade the licensing agreements for its chip blueprints used to design central processing units, the report said, citing people familiar with the matter.
Readers weight in on airline stocks, Ares Capital, incoming Fed chief Kevin Warsh, and how to save Social Security.
<body><p>STORY: Wall Street's main indexes retreated from AI-fueled record highs on Friday, with the Dow dropping 1%, the S&P 500 shedding one-and-a-quarter percent and the Nasdaq declining more than one-and-a-half percent.</p><p>Stocks moved lower as a jump in benchmark Treasury yields reflected surging energy prices and concerns about long-term inflation.</p><p>Leah Bennett is chief investment strategist at Concurrent Investment Advisors.</p><p>“Equities are trading down today primarily, I think, because people are disappointed not to see any sort of movement between Trump and Xi coming out of the summit regarding the conflict in the Middle East. So, oil is up another 4% today. We obviously saw an impact on the CPI (Consumer Price Index) and the PPI (Producer Price Index). And the longer that oil prices stay up, the longer we're going to have rising inflation. And this is the first time we've really seen the ten-year inflation expectations cross 2.5%. And historically, that's been very consistent with a period where the Fed had to increase interest rates.”</p><p>Friday marks Jerome Powell's last day as U.S. Federal Reserve chair. Incoming Chair Kevin Warsh is saddled with the potential need for a rate hike if a protracted Iran war leads to sticky inflation.</p><p>Among individual stock moves, the AI rally largely stalled, with Nvidia losing nearly 4.5%, AMD shedding more than 5.5% and Intel dropping more than 6%.</p><p>On the flip side, shares of Microsoft rose 3% following the disclosure of a new position in the company taken by Bill Ackman's hedge fund Pershing Square.</p><p>And shares of Ford slid about 7.5%, retreating from a near 21% surge over the last two sessions on optimism over the automaker's energy storage business.</p></body>
The Nasdaq Composite and the S&P 500 fell from record highs as inflation concerns pushed Treasury yi
Fears of a 2022-style inflation problem are bubbling back up, but there’s also hope for a Trump pivot on the Iran conflict.
Global stocks slumped and oil prices rose Friday with worries about sustained inflation driving up bond yields with no conclusion to the Iran war in sight."Today the catalyst is really the rally in bond yields, bond markets are under pressure as oil prices rise.
The yield on the 10-year Treasury climbed to nearly 4.6% Friday, its highest level in more than a year.
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.54%. June E-mini S&P futures (ESM26 ) fell -1.26%, and June E-mini Nasdaq futures...
One result of the massive monetary expansion was an upsurge in inflation, to a peak of over 9% in 2022—which the Fed infamously termed “transitory.”
By Amanda Cooper and Karen Brettell LONDON/NEW YORK, May 15 (Reuters) - Bond markets are bracing for interest-rate pain in a way they haven't in decades, as investors assess the economic costs of the
(Updates prices) Gold traded lower midafternoon Friday as the dollar and yields climbed on conce
Higher oil prices could pressure consumers, inflation and investment while keeping South Africa's reform trajectory in focus.
Scott Melker reflects on Fed Chair Jerome Powell’s tenure and legacy at the Federal Reserve."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Scott Melker discusses Senate passing the CLARITY Act with a 15-9 vote, Jerome Powell stepping down, and other big crypto headlines of the day."The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
By Twesha Dikshit and Avinash P May 15 (Reuters) - Europe's STOXX 600 slid and logged weekly losses on Friday as concerns over energy-induced inflation pressures due to the U.S.-Iran standoff rattled
For most of 2026, investors have been focused on interest rates, tariffs, and whether the U.S. economy is slowing into a softer patch. Yet underneath the macro noise, one trend has quietly reemerged: governments are using industrial deals to strengthen economic ties. That matters because when politics and commerce start moving in the same direction, ... Trump Bought Boeing Stock, Then Announced New Order for 200 Planes
For most of 2026, investors have been focused on interest rates, tariffs, and whether the U.S. economy is slowing into a softer patch. Yet underneath the macro noise, one trend has quietly reemerged: governments are using industrial deals to strengthen economic ties. That matters because when politics and commerce start moving in the same direction, ... Trump Bought Boeing Stock, Then Announced New Order for 200 Planes
China Beige Book international managing director Shehzad Qazi joins Yahoo Finance to explain what needs to happen for China to budge on Nvidia's (NVDA) H200 chips, and where the future of tariffs stands.
Japan and the U.K. have more to do with today's sell-off than the end of Powell's rein at the Fed.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.91%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -1.02%, and June E-mini Nasdaq futures...
Nvidia Drops, Marvell Slides 5% as AI Chip Rally Loses Steam
