Category: Stock

Stock
Trump bought and sold shares in Musk’s SpaceX in July, financial disclosure shows

Trump bought and sold shares in Musk’s SpaceX in July, financial disclosure shows

US President Donald Trump bought as much as $50,000 worth of shares and sold as much as $15,000 in Elon Musk’s SpaceX in July, according to a public financial disclosure, his latest transactions involving a

Stock
Defending Trump media ban, DOJ cites national security and says White House access is a ‘privilege’

Defending Trump media ban, DOJ cites national security and says White House access is a ‘privilege’

The Department of Justice said in a court filing late Tuesday that President Donald Trump has the right to ban media outlets CNN, MSNOW and Politico from the White House, calling their access a “privilege”

Stock
Google says its AI model gained unauthorized access to three outside systems

Google says its AI model gained unauthorized access to three outside systems

Google on Friday disclosed the first known instance of its artificial intelligence software, Gemini, carrying out an undirected computer hack, weeks after similar disclosures by AI firms Anthropic and OpenAI raised security alarms about AI

Stock
Toys ‘R’ Us is opening 120 new stores as grownup collectors fuel toy sales

Toys ‘R’ Us is opening 120 new stores as grownup collectors fuel toy sales

Some people never seem to grow up. A resurgent Toys “R” Us is hoping to take that fact to the bank.The storied chain announced Thursday it was opening 120 standalone Toys “R” Us locations this

Stock
Stocks and bonds rally after Fed hikes rates and oil prices fall

Stocks and bonds rally after Fed hikes rates and oil prices fall

U.S. stock indexes rose sharply Thursday after the Federal Reserve hiked interest rates in a bid to rein in rising inflation.The S&P 500 closed higher by 1.1%, while the Nasdaq Composite surged 1.7%. The Dow

Stock
House passes bill to shield consumers from data center price hikes on energy

House passes bill to shield consumers from data center price hikes on energy

WASHINGTON — Under pressure to act on unpopular data centers, the House overwhelmingly passed bipartisan legislation Wednesday aimed at shielding consumers from higher energy costs when new data centers are built in their communities.The vote

Stock
Stocks slip, but traders largely shake off warnings that AI industry should slow down

Stocks slip, but traders largely shake off warnings that AI industry should slow down

U.S. equity markets shook off warnings Monday from artificial intelligence CEOs who had called for a slowdown in the pace of developing the revolutionary technology.Early on in the trading session, the Nasdaq 100 index, which

Stock
Bessent dared the markets to ‘bet against’ him. Bond traders did — and appear to be winning.

Bessent dared the markets to ‘bet against’ him. Bond traders did — and appear to be winning.

Treasury Secretary Scott Bessent appears to be losing a tug-of-war with the bond markets he is also trying to influence.In an effort to tamp down on longer-term interest rates and lower the government’s cost of

Stock
Trump says he would be OK with China building cars in the U.S.

Trump says he would be OK with China building cars in the U.S.

WASHINGTON — President Donald Trump said on Friday he would not oppose Chinese automakers building cars in the United States despite widespread opposition from U.S. lawmakers and car companies.“If China wanted to come in and

Stock
Inflation ticked up in August, setting the stage for the Fed to hike interest rates

Inflation ticked up in August, setting the stage for the Fed to hike interest rates

The prices U.S. consumers pay for goods and services continued to climb in August, with the Bureau of Labor Statistics finding that inflation ticked up even before renewed conflict in the Middle East sent oil