U.S. stocks ended the week on a softer note Friday, with the major indexes retreating from recent records even as broader market gauges pointed to a resilient run for equities so far in 2026. The S&P 500 closed at 7,711.76, down 0.25% on the day but still up 0.77% over the past five trading sessions Read More…
Bitcoin and gold both staged dramatic reversals this week after weeks of lackluster performance, with the cryptocurrency posting gains of nearly 24% and the precious metal climbing past $4,600 an ounce as bond market turbulence, Washington policy activity and a cascade of forced short liquidations combined to supercharge both assets. Bitcoin had spent most of Read More…
For years, one of the biggest questions surrounding Berkshire Hathaway was what would happen to its enormous cash pile once Warren Buffett was no longer running the company. Investors may be starting to get an answer. In his second full quarter as chief executive, Greg Abel is putting Berkshire’s capital to work at a pace Read More…
Kellogg said it will remove artificial colors from all its cereals by the end of this year, moving up a timeline the company set just last August by more than a year. Kellogg had said in August 2025 that it would eliminate synthetic dyes from its cereals by the end of 2027. The company said Read More…
U.S. stocks ended the week on a softer note Friday, with the major indexes retreating from recent records even as broader market gauges pointed to a resilient run for equities so far in 2026. The S&P 500 closed at 7,711.76, down 0.25% on the day but still up 0.77% over the past five trading sessions Read More…
Walmart Inc. has agreed to pay $50 million to resolve federal allegations that its pharmacies illegally filled thousands of invalid prescriptions for opioids and other controlled substances, the Justice Department and the Drug Enforcement Administration announced. “Today’s settlement proves this Department is committed to putting Americans’ flourishing first,” said Associate Attorney General Stanley Woodward. “Congress Read More…
Removing the barriers that keep capital inside national borders would raise welfare in the typical country by about 5.5% of labor income — and would concentrate economic activity among the world’s largest firms while pushing smaller ones to contract, according to a working paper released by the Federal Reserve Bank of Minneapolis. The paper, by Read More…
TikTok and its parent ByteDance agreed to pay $400 million to resolve Justice Department litigation alleging the video platform failed to comply with federal children’s privacy law, one of the largest recoveries ever obtained under the statute. The company will pay $300 million immediately, according to the department. The remaining $100 million is contingent on Read More…
Nvidia has beaten Wall Street’s earnings estimate in each of the past six quarters, by an average of roughly 5.6%. Its shares have declined the following session all six times. That record, more than any figure on the income statement, frames what is at stake when the company reports fiscal second-quarter results. The published consensus Read More…
Firm’s flagship multistrategy fund rose 5.9% in July, among its best months since 2022 Citadel has unwound more than 80% of the risk tied to the portfolio it acquired from Leopold Aschenbrenner’s Situational Awareness, founder Ken Griffin told clients in a letter Friday, his first public accounting of a transaction that closed at speed last Read More…
Bitcoin and gold both staged dramatic reversals this week after weeks of lackluster performance, with the cryptocurrency posting gains of nearly 24% and the precious metal climbing past $4,600 an ounce as bond market turbulence, Washington policy activity and a cascade of forced short liquidations combined to supercharge both assets. Bitcoin had spent most of Read More…
Three-quarters of Americans and nearly seven in 10 Canadians have sought financial guidance from at least one source in the past year, according to a new study from Gallup conducted in partnership with Edward Jones, though the sources people rely on most are not always the ones they trust most. Among U.S. adults who sought Read More…
Amazon agreed to pay a record $2.25 million civil penalty and submit to a court injunction to resolve allegations it repeatedly denied identity theft victims access to transaction records they were legally entitled to receive under federal law. The Justice Department filed the complaint in U.S. District Court for the District of Columbia on behalf Read More…
For years, one of the biggest questions surrounding Berkshire Hathaway was what would happen to its enormous cash pile once Warren Buffett was no longer running the company. Investors may be starting to get an answer. In his second full quarter as chief executive, Greg Abel is putting Berkshire’s capital to work at a pace Read More…
Circle, the company behind the USDC stablecoin, said its Arc blockchain mainnet is scheduled to launch Sept. 16, a move that would give the company its own financial infrastructure for payments, capital markets and tokenized assets. The launch marks Circle’s attempt to move beyond simply issuing digital dollars and toward owning a larger share of Read More…
An estimated 15 million U.S. adults, or 6% of the population, were victims of financial scams in 2025, with total losses reaching approximately $68 billion, according to a study released by Stop Scams Alliance and Gallup. The nationally representative survey of more than 5,100 U.S. adults found that scams affected Americans across demographic groups, with Read More…
Kellogg said it will remove artificial colors from all its cereals by the end of this year, moving up a timeline the company set just last August by more than a year. Kellogg had said in August 2025 that it would eliminate synthetic dyes from its cereals by the end of 2027. The company said Read More…
About one in five Americans who sought financial advice in the past year turned to artificial intelligence, even though few trust its expertise on money matters, according to a Gallup survey conducted in partnership with financial services firm Edward Jones. Among U.S. adults overall, only about three in 10 said they have “a great deal” Read More…
Applied Materials is set to report fiscal third-quarter earnings Thursday after the market closes, with investors looking for signs that booming investment in artificial intelligence continues to drive demand for semiconductor manufacturing equipment. The company reports Thursday, Aug. 13, and Wall Street is expecting another strong quarter. Analysts expect Applied Materials to report revenue of Read More…
Elon Musk said this week that Starlink’s long-term revenue potential could be far larger than a bullish estimate offered by former Alphabet executive and venture capitalist David Friedberg, as the satellite internet business continues rapid subscriber and revenue growth. Speaking on the All-In podcast, Friedberg cited Starlink’s performance in making a bullish case for the Read More…
Investors will get one of the most important economic reports of the month Wednesday morning when the government releases its July Consumer Price Index, providing the latest look at inflation and potentially reshaping expectations for the Federal Reserve. The Bureau of Labor Statistics will release July CPI at 8:30 a.m. Eastern time Wednesday, Aug. 12. Read More…
CoreWeave is set to report second-quarter earnings Tuesday after the market closes, giving investors another look at whether massive spending on artificial intelligence infrastructure is translating into sustainable growth. The AI-focused cloud computing company will report results Aug. 11, followed by an earnings call at 5 p.m. Eastern time, according to CoreWeave. Wall Street is Read More…
Barrick Mining will report second-quarter earnings Monday morning, with investors looking to see how much the surge in gold prices is flowing through to the mining giant’s bottom line. Barrick is scheduled to release results at 6 a.m. Eastern time Monday, Aug. 10, before the market opens, with management holding an earnings presentation and webcast Read More…
The S&P 500 closed at an all-time high Tuesday for the first time in two months, as strong corporate earnings, falling oil prices and renewed optimism over a potential agreement to reopen the Strait of Hormuz sent stocks surging across the board. The S&P 500 rose 1.8% to close at 7,737, surpassing its previous record Read More…
SpaceX posted its first earnings report since its record June IPO Tuesday, beating revenue estimates by a wide margin but sending its stock down roughly 8% in after-hours trading as capital expenditures came in far above expectations. The company reported revenue of $7.81 billion for the second quarter, up 92% from $4.1 billion a year Read More…
Paramount has agreed to delay closing its $81 billion acquisition of Warner Bros. Discovery until at least June 2027, a stunning development that comes as a federal judge considers a challenge from 12 states seeking to block the deal entirely. In a court filing Friday, Paramount said it would not move forward with the transaction Read More…
SpaceX shares have fallen roughly 50% from their post-IPO peak, and Morgan Stanley is warning that a further slide to $100 — a level many investors consider realistic — would mean the market is assigning no value whatsoever to the company’s artificial intelligence business. Morgan Stanley analyst Adam Jonas made the case in a note Read More…
American Express reported second-quarter profits rose 8% from a year earlier, beating Wall Street’s expectations, but shares fell roughly 6% Friday as investors focused on unchanged full-year earnings guidance and rising expenses rather than the headline beat. The New York-based card issuer earned $3.11 billion, or $4.53 a share, in the quarter, topping the analyst Read More…
Costco Wholesale reported June net sales of $29.24 billion, a 10.6% year-over-year increase for the five-week retail period ending July 5, offering fresh evidence that the warehouse retailer’s distinctive business model continues to hold up well in a choppy consumer environment. Comparable sales rose 8.8% for the month, with the U.S. segment leading the way Read More…
Nvidia has built its dominant position in the artificial intelligence chip market by consistently delivering on promises that once seemed impossibly ambitious. Now, with expectations running at record highs and rivals closing in, the company faces a different kind of challenge — convincing investors that what comes next will be as good as what came Read More…
Most financial advice from billionaires sounds something like this: diversify your portfolio, buy index funds, think long-term, let compound interest do the heavy lifting. Mark Cuban’s advice on what to do with a sudden $100,000 windfall sounds nothing like that. It starts in the grocery store. When asked by Forbes how he’d handle a fresh Read More…
Wall Street posted weekly losses across the board as a sell-off in semiconductor and technology stocks outweighed a string of solid earnings reports, snapping what had been a period of broad market strength. The S&P 500 dropped 1.6% for the week, ending Friday at 7,457.69. The Nasdaq Composite fared worse, falling 2.9% as chipmakers came Read More…
Microsoft announced layoffs Monday impacting 605 workers based out of Washington, part of a planned broader corporate restructuring that will eliminate 4,800 employees globally. According to the Washington Employment Security Department WARN database, the permanent job cuts were formally logged on Monday and are scheduled to take effect on Sept. 4. The 605-person filing represents the Read More…
The Texas Stock Exchange commenced trading on Monday, kickstarting the first real test of one of the most well-funded new exchanges to launch in decades. The Texas Stock Exchange, a Dallas-based startup, is initiating a phased rollout to take place over the course of July. On Monday, the exchange opened to TXSE members, including approved Read More…
Barry Diller’s People Inc. submitted a non-binding proposal to MGM Resorts International’s board on June 1 to acquire the roughly 74% of the company it doesn’t already own, in a deal that would value the casino operator at more than $18 billion including debt. People Inc., the holding company formerly known as IAC that owns Read More…
Stock’s blistering post-IPO run has investors betting on Musk’s broader ambitions in AI, even as some analysts call the valuation overheated Space Exploration Technologies Corp., the Elon Musk-led rocket and satellite company known as SpaceX, vaulted past Amazon.com in market value this week, becoming the world’s fifth most valuable public company in just three trading Read More…
Senior research scientist John Jumper said Friday he would leave Google DeepMind to join Anthropic, the latest high-profile departure from the tech giant’s AI research division. Jumper, who shared the 2024 Nobel Prize in chemistry with Google DeepMind CEO Demis Hassabis, is best known as the co-creator of AlphaFold, an AI system that has predicted Read More…
Social-media company sheds in-house AI video unit as it looks to rein in the rising costs of developing generative-AI models and immersive gaming products Snap Inc. is carving out its generative-AI video team into a new, independent company called Dotmo, the latest move by the social-media giant to manage the soaring costs of building artificial-intelligence Read More…
The Justice Department’s Antitrust Division has approved Paramount Skydance’s $111 billion acquisition of Warner Bros. Discovery, clearing the largest regulatory hurdle facing one of the most closely watched media mergers of the Trump era. The decision, announced Friday, paves the way for a combination of two of Hollywood’s most storied studios, merging the company behind Read More…
Elon Musk’s SpaceX priced its initial public offering Thursday, raising $75 billion and cementing the rocket maker’s place among the world’s most valuable companies in what stands as the largest IPO in U.S. history. On Friday, Wall Street delivered its verdict: investors wanted in. The offering valued SpaceX at approximately $1.77 trillion at its IPO Read More…
NEW YORK — A sharp selloff in semiconductor stocks erased more than $1 trillion in market value Friday, ending Wall Street’s nine-week winning streak with the worst single-day losses in months and leaving investors cautious heading into a week packed with potential market-moving events. The Nasdaq Composite suffered its worst session since April 2025, plunging Read More…
The Las Vegas Strip is facing a wave of consolidation unlike anything seen in a generation, with two major casino takeover deals announced in the span of days that could fundamentally reshape the American gaming industry. Media mogul Barry Diller’s holding company People Incorporated — formerly known as IAC — submitted a non-binding proposal Monday Read More…
Wall Street closed out a turbulent week on a sour note Friday, with all three major indexes posting sharp declines that erased much of the gains built up through a historic midweek rally, leaving investors to weigh record stock prices against rising inflation, elevated oil prices, and unresolved geopolitical tensions. For the week, the S&P Read More…
Spirit Airlines announced on May 2 that it was suspending all operations after years of financial hardships, compounded by a recent spike in fuel prices, leaving travelers scrambling for alternative flights and refunds. All Spirit flights have been canceled and the airline’s customer service is no longer available. “For more than 30 years, Spirit Airlines Read More…