President Trump suggested early Thursday that he won't make a trade deal with Canada after Prime Minister Mark Carney said he intends to recognize the State of Palestine, subject to certain commitments.
Why it matters: The threat comes one day before Trump's Aug. 1 deadline for countries to make a trade deal with the U.S. or face tariffs — in Canada's case, a 35% levy on goods imported from the North American neighbor and significant trading partner.
An NFL cheerleader from New Orleans, a commercial pilot from Oklahoma and a cocktail waitress from Tampa are among the cast of Hulu's new unscripted series "Are You My First?"
Why it matters: This new dating experiment from the producers of "Love Island USA" follows 21 virgin singles looking to find "the one."
Best Buy and Ikea are working together to open 10 small "shop-in-shop" locations in Florida and Texas later this year, the two companies said Thursday.
Why it matters: This move marks the first time Ikea products will be sold inside another U.S. retailer, which is a shift from the Swedish brand's model.
President Trump on Thursday said he demanded commitments from 17 big drugmakers to lower their U.S. prices by committing to a "most favored nation" policy he laid out in a May executive order.
Why it matters: The move raises the stakes for pharmaceutical manufacturers as they brace for threatened tariffs on the sector.
Initial coin offerings are poised to make a big return, as new SEC chair Paul Atkins declared Thursday that the agency is all in on President Trump's push to make America the "crypto capital of the world."
Why it matters: The country's top financial markets regulator is moving fast to enact the policy recommendations made Wednesday by the White House's working group on crypto assets.
Microsoft has entered into the $4 trillion club alongside Nvidia. Apple, Amazon, Alphabet and Meta could be next.
Why it matters: With all but one member of the Magnificent 7 racing toward this record-high valuation, investors are growing uneasy about just how far Big Tech can run — and at what cost.
The central debate over monetary policy right now is whether America's economic waters are fundamentally calm or hazards just beneath the surface demand urgent rate-cutting action.
The big picture: Federal Reserve chair Jerome Powell and the majority of his colleagues are in the former camp, as was evident in Wednesday's news conference.
Scott Bessent kicked a hornet's nest Wednesday when he said that new Trump accounts for children were "in a way, a backdoor for privatizing Social Security."
Why it matters: TheTreasury secretary is just the latest member of the Trump administration to touch the third rail of American politics, making comments that give political opponents fuel for criticism and worry advocates for Social Security.
President Trump said on Thursday that Mexico will get at least an additional 90 days to come to an agreement with the White House on tariffs.
Why it matters: Mexico would have been subject to 35% tariffs as of Aug. 1 without a trade deal. Now the nation will continue to face 25% on certain goods until it notches a deal with Trump.
Microsoft released a study assessing jobs' vulnerability to being replaced by AI.
Zoom in: The study scores jobs' resilience through three categories: whether AI is currently being used for that work, how successfully it does so and how much of that occupation's total work can be done by AI.
President Trump on Thursday unleashed a fiery reaction after the Federal Reserve held interest rates steady, blasting Fed chair Jerome Powell with a stream of insults and suggesting corruption in the renovation of the central bank's headquarters.
Why it matters: Trump's rage at the Fed's resistance to cut rates has twice taken him to the verge of trying to fire Powell, both times scaring markets and raising concerns about the central bank's independence.
Despite blowout earnings results from Meta and Microsoft, the Magnificent 7 — the seven megacap tech stocks once seen as the best way to ride the boom in artificial intelligence — are underperforming the S&P 500 year-to-date, raising fresh questions about how investors should trade the AI rally.
Why it matters: As performance within individual members of the Mag 7 varies, investors may need to look elsewhere to achieve the outsize returns associated with the AI boom.
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The major sports leagues are confronting a potentially costly reality in sports gambling: If you embrace it, problems will come.
Why it matters: Recent investigations of pro baseball and basketball stars have raised fears about the integrity of sports, and whether certain plays, or even whole games, are being manipulated.
The big picture: The nation has dodged the worst-case scenarios predicted by Wall Street economists just months ago, an easy bragging point for the administration.
President Trump said Wednesday the U.S. has struck a trade deal with South Korea, matching the structure of pacts with Japan and the EU.
Why it matters: The deal brings clarity to the U.S. relationship with a major trading partner, and will be a relief to automakers and other heavily exposed industries.
