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Wall Street rallies after Trump pulls back on some of his tariffs

Wall Street rallies after Trump pulls back on some of his tariffs

By STAN CHOE and DAMIAN J. TROISE

NEW YORK (AP) — U.S. stocks rallied after President Donald Trump pulled back on some of his tariffs, raising hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher. The S&P 500 rose 1.1% Wednesday, bouncing back from its sell-off that had erased all of its “Trump bump” since Election Day. The Dow Jones Industrial Average also added 1.1%, and the Nasdaq composite gained 1.5%. The market turned higher after Trump said he’s granting a one-month exemption for U.S. automakers on his stiff new tariffs for Mexican and Canadian imports. Jumps for Ford and GM stock helped lead the market.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

NEW YORK (AP) — U.S. stocks are rallying Wednesday after President Donald Trump showed again that his latest word on tariffs won’t always be his last. By pulling back on some of his tariffs temporarily, Trump revived hope on Wall Street that he may avoid a worst-case trade war that grinds down economies and sends inflation higher. read more

First look: How 2025 Epcot flower and garden fest goes

First look: How 2025 Epcot flower and garden fest goes

If nothing else, the gray, sometimes rainy, often windy conditions on the first day of the Epcot International Flower & Garden Festival sure made the blooms pop.

The 30th edition of the Walt Disney World event began Wednesday with many trademark attractions, including topiaries, flower towers, floating gardens, butterfly garden, Garden Rocks concerts and outdoor kitchens.

But there’s also newness to be found in the beds, on menus and inside the theme park’s new CommuniCore Hall.

New growth

Right away, Epcot visitors can see newly designed topiaries featuring characters great and small from “Moana,” the 2016 animated film.

You’ve got your little Heihei, a chicken character, atop Pua, the pet pig of Moana, whose figure is nearby. And then there’s megatopiary Maui (voiced in the film by Dwayne Johnson) looming. Disney tends to keep these figures proportional, Maui certainly would tower above poultry.

Maui may not be the biggest ever at the fest – let’s flash back to that big ol’ surfing Goofy of yore – but it’s a widebody with greenery girth. read more

Google leans further into AI-generated overviews for its search engine

Google leans further into AI-generated overviews for its search engine

By MICHAEL LIEDTKE

Google is updating its ubiquitous search engine with the next generation of its artificial intelligence technology as part of an effort to provide instant expertise amid intensifying competition from smaller competitors.

The company announced Wednesday that it will feed its Gemini 2.0 AI model into its search engine so it can field more complex questions involving subjects such as computer coding and math.

As has been the case since last May, the AI-generated overviews will be placed above the traditional web links that have become the lifeblood of online publishers dependent on traffic referrals from Google’s dominant search engine.

Google is broadening the audience for AI overviews in the U.S. by making them available to teenage searchers without requiring them to go through a special sign-in process to see them.

The stage is also being set for what could turn out to be one of the most dramatic changes to the search engine’s interface since Google co-founders Larry Page and Sergey Brin started the company in a Silicon Valley garage during the late 1990s. read more

Drew Barrymore named godmother of Florida-bound MSC World America cruise ship

Drew Barrymore named godmother of Florida-bound MSC World America cruise ship

MSC Cruises announced Wednesday it had named actress Drew Barrymore as the godmother for its behemoth of ship coming to Miami this spring, the MSC World America.

Barrymore has already appeared alongside actor Orlando Bloom in a commercial for the cruise line that debuted during the Super Bowl.

Famous for roles since childhood including “E.T.” and “Firestarter,” Barrymore is also known for adult roles such as
“Charlie’s Angels,” “50 First Dates” and “Never Been Kissed.” She’s now also a producer and hosts the “Drew Barrymore Show.” She will take part alongside Bloom in the ship’s naming ceremony on April 9 at the line’s new terminal in Miami.

“When MSC Cruises asked me to be the godmother of MSC World America, I immediately said yes!” Barrymore said in a press release. “I absolutely love to travel — it fuels my soul — and being part of something that helps people set off on incredible adventures is just amazing.”

MSC Cruises' MSC World America continues construction at the Chantiers de l'Atlantique shipyard in Saint-Nazaire, France ahead of its 2025 debut. (Courtesy/MSC Cruises)
MSC Cruises’ MSC World America continues construction at the Chantiers de l’Atlantique shipyard in Saint-Nazaire, France ahead of its 2025 debut. (Courtesy/MSC Cruises)

The ship is the second in the line’s massive World class, coming in at more than 200,000 gross tons. That makes it the closest competition to Royal Caribbean’s Oasis and Icon class vessels, which have held the title of world’s largest cruise ship for the last two decades. read more

Are you on track for retirement? Here’s how to check

Are you on track for retirement? Here’s how to check

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.Whether leaving the workforce is just around the corner or decades away, it’s always a good time to consider: Are you financially on track to retire?