Wall Street Next

latest news in economy

Dismantling of US National Science Foundation Signals Economic Uncertainty

Washington, D.C., Saturday, 10 May 2025.
The disassembly of the National Science Foundation threatens the US economy by halting over $1 billion in grants, crucial for scientific advancements and economic growth.

U.S. Energy Sector Pledges $100 Billion to Domestic Battery Storage

Washington, D.C., Saturday, 10 May 2025.
Investing $100 billion by 2030, the U.S. aims to boost battery manufacturing, create 350,000 jobs, and meet domestic energy storage demands, despite current policy uncertainties.

FAA Launches Modernization of Air Traffic Control System to Improve Safety

Washington, D.C., Friday, 9 May 2025.
The FAA introduces a new system to handle increased air traffic efficiently, aiming for better safety and management by replacing outdated technologies. Completion is targeted by 2028.

Toyota Faces $1.3 Billion Loss Due to US Tariffs

El Monte, Friday, 9 May 2025.
Toyota projects a $1.3 billion drop in profits for April and May 2025, as US tariffs on foreign vehicles and parts significantly impact the Japanese automaker.

Affirm Stock Tumbles 10% After Disappointing Revenue Forecast

San Francisco, Thursday, 8 May 2025.
Affirm Holdings’ stock dropped sharply due to its revenue forecast falling short of expectations, despite reporting better-than-expected profits and strong growth in merchandise volume.

California Businesses Enhance Finances with Outsourced AR Services

Los Angeles, Thursday, 8 May 2025.
Amid economic challenges, California firms increasingly outsource accounts receivable services to improve cash flow and streamline operations, reporting up to 30% cash flow improvements and enhanced payment efficiency.

Bitcoin Surges Past $100,000 Amid Global Economic Uncertainty

Global, Thursday, 8 May 2025.
Bitcoin breaks $100,000, showing investor confidence despite tariffs. This milestone signals robust interest in cryptocurrencies, overshadowing macroeconomic challenges and tariff tensions.

US Stock Market Falls Amid Stalled China Trade Talks

New York, Wednesday, 7 May 2025.
On 6 May 2025, US stocks fell sharply as trade discussions with China remain at a standstill, causing market volatility. Treasury Secretary Bessent suggested forthcoming trade deals, but uncertainty prevails.

Stocks Climb Amid US-China Trade Agreement Hopes

New York, Wednesday, 7 May 2025.
Positive stock trends emerge as the U.S. and China prepare for pivotal trade talks, sparking optimism for tariff resolution and global market stability.