Category: Stock

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Stocks rise and interest rates slide after inflation report

Stocks rise and interest rates slide after inflation report

Stocks rose and bond yields fell Thursday after a fresh read on business inflation showed prices were broadly flat in July.The report fueled optimism on Wall Street that the Federal Reserve may hold off on

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Federal Communications Commission scraps limit on broadcast TV ownership

Federal Communications Commission scraps limit on broadcast TV ownership

The Federal Communications Commission, the government agency that regulates the broadcast airwaves, voted Thursday to eliminate a cap on the share of U.S. television households a single company can reach, a major move that could

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U.S. suspends avocado inspections in Mexican state of Michoacan due to threat

U.S. suspends avocado inspections in Mexican state of Michoacan due to threat

MEXICO CITY — The United States announced Wednesday that it had suspended all government operations in the Mexican state of Michoacan because of a “threat to U.S. interests,” including a halt to the inspections of

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SpaceX hit by surging AI costs as insiders prepare to sell their shares

SpaceX hit by surging AI costs as insiders prepare to sell their shares

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities.Too much, according to investors. The company reported revenue in its first quarterly update as a public company that

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McDonald’s struggles to attract bargain-hungry customers

McDonald’s struggles to attract bargain-hungry customers

Having trouble figuring out this economy? So is McDonald’s. The fast-food giant reported its slowest U.S. sales growth in over a year as its value push fell flat with customers who continue to struggle with

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George Santos agrees to $35,000 settlement in federal probe over Kalshi trades

George Santos agrees to $35,000 settlement in federal probe over Kalshi trades

Disgraced former congressman George Santos agreed Friday to pay $35,000 to settle a federal investigation into his suspicious trades on the prediction marketplace Kalshi after he bet against his own plans to attend President Donald

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New York sues Kalshi, says its prediction markets are illegal gambling

New York sues Kalshi, says its prediction markets are illegal gambling

New York’s attorney general sued prediction market operator Kalshi on Friday, claiming that its platform violates state laws against illegal gambling.In a petition filed in a state court in Manhattan, Attorney General Letitia James said

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U.S. economic growth slowed unexpectedly in the second quarter as tariffs and Iran war cut into gains

U.S. economic growth slowed unexpectedly in the second quarter as tariffs and Iran war cut into gains

U.S. ​economic growth slowed in the second quarter amid a widening in the trade deficit, but an acceleration ‌in consumer spending and robust business investment in equipment related to the buildout of artificial intelligence infrastructure

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A new media ecosystem is taking root on the left, reshaping Democratic politics

A new media ecosystem is taking root on the left, reshaping Democratic politics

Farah Berent, a teacher in Michigan, used to learn about politics from channels like ABC, CBS and CNN. But that changed as she decided that coverage of the war in Gaza was irreparably biased.“I couldn’t

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Nasdaq-100 slides into correction as global chip and memory stocks sell off

Nasdaq-100 slides into correction as global chip and memory stocks sell off

Chip stocks around the world sold off sharply Tuesday, the latest chapter in the monthslong jitters surrounding artificial intelligence, memory and chip stocks. The sell-off pushed the Nasdaq-100 index into correction territory earlier Tuesday, which