Amazon plans to invest more than $1 billion over the next five years in communities where it operates data centers, as the company responds to growing political and public concern over the rapid expansion of artificial-intelligence infrastructure. The money will support education, workforce training, water and energy conservation projects and other local priorities in areas Read More…
NEW YORK—U.S. stocks ended a volatile week with a strong Friday rally as a weaker-than-expected jobs report eased concerns that the Federal Reserve would raise interest rates again this month. The S&P 500 climbed 0.7% Friday to 7,722.72, leaving the benchmark less than 1% below its record high. The Dow Jones Industrial Average rose 0.5% Read More…
BOISE, Idaho — Micron Technology is scheduled to report fiscal fourth-quarter results Sept. 30, with investors looking for another quarter of rapid growth as artificial-intelligence spending continues to fuel demand for high-performance memory. The Boise-based semiconductor company has already set a high bar. Micron reported fiscal third-quarter revenue of $41.46 billion, up 74% from the Read More…
NEW YORK — U.S. stocks finished a volatile week higher, with renewed enthusiasm around artificial intelligence helping offset concerns over rising Treasury yields, elevated oil prices and the prospect of additional Federal Reserve interest-rate increases. The S&P 500 gained 1.2% for the week, while the technology-heavy Nasdaq Composite rose 2%, including record-high closes earlier in Read More…
U.S. markets lost momentum this week as investors stepped back from recent highs, digesting mixed economic signals and growing uncertainty around the outlook for interest rates and growth. After several weeks of gains, the S&P 500 fell roughly 2.4% for the week, while the Nasdaq Composite dropped about 3%, its steepest decline since April. The Read More…
Now that the United States has officially stopped making pennies, a nationwide scramble is underway among gas stations, fast-food chains, and major retailers to adjust prices and handle cash transactions — a shift that could quietly erode profits for many high-volume businesses. The transition follows President Donald Trump’s decision earlier this year to halt production Read More…
Bitcoin was on track Friday to post its first October loss in seven years, breaking a streak that had given the month a “lucky” reputation among cryptocurrency traders. The world’s largest digital currency is set to fall nearly 5% for the month, trading around $66,800 Friday afternoon, as investors pulled back from risk assets amid Read More…
The stock market wrapped up this week in a mood of cautious celebration as investors watched technology companies drive the rally. After a standout October, November opened with optimism and bullish forecasts for a strong finish to the year. The Nasdaq, S&P 500, and Dow Jones each posted weekly gains. Amazon delivered a blowout earnings Read More…
The Federal Reserve delivered a widely anticipated quarter-point rate cut this week, lowering its benchmark federal funds rate to a range of 3.75% to 4.00%, its second reduction of the year. But despite the move, Chair Jerome Powell sent a clear message to markets: don’t expect a rapid march toward lower borrowing costs. The decision Read More…
Nvidia Corporation (NASDAQ: NVDA) is preparing to release its third-quarter 2025 earnings report on Wednesday, November 19, after the market closes, with investors and analysts closely watching for insights into the company’s continued growth in artificial intelligence (AI) technology. Analysts are forecasting earnings per share (EPS) of $1.24, up from $0.81 in the same quarter Read More…
Apple Inc. (NASDAQ: AAPL) is set to release its fiscal fourth-quarter 2025 earnings report on Thursday, October 30, after the market closes. Analysts are forecasting earnings per share (EPS) of $1.77 and revenue around $101.5 billion, driven largely by the successful launch of the iPhone 17 and continued growth in the company’s services division. The Read More…
Netflix is set to release its third-quarter 2025 earnings report on Tuesday, October 21, a closely watched event for investors looking to gauge the streaming giant’s growth trajectory, profitability, and performance in international markets. The company enters the report after a strong second quarter, when it posted $7.19 per share on revenue of $11.08 billion, modestly Read More…
U.S. stocks finished higher last week, capping the market’s best weekly performance in nearly two months as major indexes rebounded from early volatility and investors found renewed optimism in technology and easing trade tensions. The S&P 500 rose roughly 1.3% for the week, while the Dow Jones Industrial Average and Nasdaq Composite also advanced, helped Read More…
This week in the stock market was marked by a tug-of-war between optimism about rate cuts and caution sparked by strong economic data and political risk. Major indexes briefly flirted with new highs, but volatility crept back in as investors weighed mixed signals. Rally Fueled by AI Pushes Markets to Records Early in the week, Read More…
(The Center Square) – Texas led the U.S. in job growth over the year in August and broke employment records again last month, according to the latest employment data. Texas reported 14,347,700 total nonfarm jobs in August, adding 17,600 positions over the month and 195,600 jobs over the year. Texas’ annual nonfarm growth rate was Read More…
U.S. stocks surged this week, with all three major indexes closing at record highs after the Federal Reserve delivered its first interest rate cut of the year, fueling hopes that more easing is on the horizon. The Dow Jones Industrial Average pushed further into record territory, while the S&P 500 and Nasdaq Composite also notched Read More…
Warren Buffett, the legendary investor known as the “Oracle of Omaha,” celebrated his 95th birthday Tuesday in typically understated fashion, surrounded by close family and friends in his hometown. Buffett, chairman and chief executive of Berkshire Hathaway, has long avoided lavish celebrations. Instead, those close to him said the billionaire spent the day with a Read More…
U.S. stocks slipped this week, closing out August on a mixed note as investors balanced encouraging inflation data, strong corporate earnings, and fresh trade developments against concerns of political and technological volatility. The S&P 500 finished the week down 0.1%, while the Dow Jones Industrial Average and Nasdaq Composite each shed about 0.2%. The Russell Read More…
Since President Donald J. Trump took office, U.S. manufacturing, production, and innovation have seen a surge in domestic investment, with corporations and foreign entities pledging trillions of dollars to expand operations on American soil. Major technology, automotive, pharmaceutical, and industrial companies have announced multi-billion-dollar investments in the United States during President Trump’s second term. Highlights Read More…
U.S. stocks closed the week within striking distance of all-time highs, buoyed by renewed expectations that the Federal Reserve will begin cutting interest rates in September and a flurry of upbeat corporate and economic news. The Dow Jones Industrial Average rose roughly 1% for the week, briefly touching a fresh intraday record on Friday before Read More…
Eastman Kodak Co. is facing heightened scrutiny after its latest 10-Q filing flagged a “going concern” risk tied to more than $470 million in term loan and preferred stock obligations due within the next 12 months. The disclosure, while required under accounting rules, signals that the company’s existing cash position is insufficient to cover upcoming Read More…
The S&P 500 rose 2.3% for the week, its best five-day stretch since early June. The Nasdaq Composite surged 3.1%, driven by blowout results from Alphabet (GOOGL) and Tesla (TSLA), while the Dow Jones Industrial Average added a more modest 1.4%, hampered by lagging industrials and healthcare names. Tech Earnings Deliver — and Then Some Read More…
Small business owners across the nation are showing renewed confidence in the economy, according to CNBC’s latest Small Business Survey, coinciding with the implementation of President Donald J. Trump’s landmark One Big Beautiful Bill and his broader pro-growth policies. The survey reveals a significant upswing in optimism: Nearly half of small business owners now rate Read More…
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Goldman Sachs has decided to scrap a second round of planned job cuts this year after its investment banking unit produced stronger-than-expected results in the second quarter, according to a report.. A surge in investment banking fees and another stellar performance by the David Solomon-led lender’s traders convinced the bank’s top brass to pause plans Read More…
Tesla shares plunged as much as 10% in early trading Thursday after the company posted its steepest sales drop in more than a decade – and CEO Elon Musk warned the slump may not end anytime soon. The embattled electric carmaker reported that revenue from car sales fell 16% to $16.7 billion in the second Read More…
Former President Biden has sold his presidential memoir for a $10 million advance – far less than the lucrative deals won by the Obamas and Bill Clinton, according to a report. Biden, 82, made a deal with Hachette Book Group for an advance of around $10 million, people familiar with the matter told the Wall Read More…
Meghan McCain is calling for CNN Chief White House Correspondent Kaitlan Collins to have her press credentials revoked, calling her an “absolute imbecile” and a “pure partisan hack” following a tense exchange during a White House press briefing. McCain’s criticism comes after Collins clashed with Director of National Intelligence Tulsi Gabbard and White House Press Read More…
Once viewed by wealthier vacationers as mass market, déclassé venues for watery cocktails, garish waterslides, buffet stampedes and Norovirus outbreaks, cruises are now chic. Everyone from Martha Stewart and Tom Brady to Kendall Jenner and Dakota Johnson was onboard the Ritz’s recent launch of Luminara, the hotel brand’s new ship, which has been floating around the Mediterranean. Savvy investors and luxury brands are Read More…
Uber announced a “Women’s Preferences” on Wednesday that would allow women riders and drivers in the US to only be connected with other women for their trips through the ride-sharing service. The pilot program will begin in the next few weeks in Los Angeles, San Francisco, and Detroit. The company does not yet have a launch Read More…
Amazon billionaire Jeff Bezos has been weighing a possible acquisition of CNBC, The Post has learned. The 61-year-old e-commerce magnate has signaled interest to business associates in buying the cable network — home to “Squawk Box” and “Mad Money with Jim Cramer” — after it is spun off by NBCUniversal parent Comcast later this year, Read More…
Bari Weiss has been shopping her start-up news outlet The Free Press for as much as $250 million, according to a report. Weiss, who quit the New York Times opinion page over its woke policies and launched the outlet in 2022, had reportedly met with Skydance Media CEO David Ellison at the high-powered Allen & Read More…
Tesla says it has started production of a more affordable model and expects volume production in the second half of the year. The company reported the steepest decline in quarterly revenue in more than a decade, with a 12% fall, as it battles strong competition from cheaper electric vehicles and a backlash against CEO Elon Musk’s Read More…
Can Ozzy Osbourne be resurrected? If you’d like to give it a try, purchase a can of this while supplies last. The legendary “Prince of Darkness” who died on Tuesday at 76 partnered last month with Liquid Death – the canned water brand known for its heavy metal aesthetic – to sell special-edition cans of Read More…
Target is dropping its price-matching policy with rivals Walmart and Amazon after more than a decade as the company aims to reposition itself amid slowing sales and competitive pressure. Under its new Price Match Guarantee policy, taking effect July 28, customers of the Minneapolis-based retail giant will be able to price match other Target products in the Read More…
The J.R. Simplot Company and Clarebout Potatoes announced this week Simplot’s intention to acquire the operating business of Clarebout, in a move that unites two family-owned leaders in the frozen potato industry. The transaction, expected to close in 2025 pending regulatory approvals, will significantly expand Simplot’s footprint in Europe and enhance its global processing and Read More…