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The Biden administration pushes to finalize CHIPS Act agreements with Intel, Samsung, and others to boost U.S. chip manufacturing before the next presidential term.
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The Biden administration pushes to finalize CHIPS Act agreements with Intel, Samsung, and others to boost U.S. chip manufacturing before the next presidential term.
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The Biden administration pushes to finalize CHIPS Act agreements with Intel, Samsung, and others to boost U.S. chip manufacturing before the next presidential term.
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The Federal Reserve cuts interest rates by a quarter point to combat inflation, with markets rallying to all-time highs following Trump’s election victory
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With Trump’s election odds influencing market sentiment, a missed trade on volatility using $SVXY could have yielded gains as the VIX spiked pre-election, then tapered off.
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U.S. crude oil production hits a record 13.3 million barrels per day, boosted by AI-driven drilling technology, positioning the U.S. as a global oil leader.
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U.S. GDP rose by 2.8% in Q3, driven by strong consumer spending and cooling inflation, defying recession concerns ahead of the presidential election.
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Ernst & Young resigns as the Company’s auditor, citing governance and internal control concerns, while an independent review continues.
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NYSE plans to extend after-hours trading to 22 hours daily on its Arca platform, aiming to compete with round-the-clock trading services and accommodate more investors.
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Robinhood introduces election betting for U.S. users, boosting its stock as investors anticipate interest in high-risk event derivatives ahead of the 2024 election.
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Apple may pause production of its Vision Pro headset as its $3,500 price limits mass market appeal, sparking speculation about a more affordable version.
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Goldman Sachs predicts a slowdown in S&P 500 returns, forecasting 3% annual gains over the next decade as investors shift assets and market concentration raises concerns.
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Norway loses over 30 billionaires and many millionaires due to 2022 tax hikes, prompting an exodus to lower-tax countries like Switzerland and raising concerns about the economic impact.
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Gold surges to $2,700 an ounce, up 32% this year, with experts predicting a potential rise to $3,000, as investors seek a hedge against inflation.
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Meta fires employees for misusing $25 meal credits on non-food items, as the company enforces stricter guidelines amidst its ongoing growth.
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The FTC introduces the 'click-to-cancel' rule, requiring companies to offer an easy, one-click subscription cancellation and prevent hidden billing practices.
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BlackRock CEO Larry Fink predicts Bitcoin could one day rival the U.S. housing market with a potential $50 trillion market cap, sparking debate and fueling a recent Bitcoin rally.
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SpaceX's plan to increase California rocket launches was denied by the state commission, citing concerns over Elon Musk's confrontations with federal agencies and Starlink's private use.
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Money Electric: The Bitcoin Mystery, it is suggested that Peter Todd is potentially Satoshi Nakamoto, the creator of Bitcoin.
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Warren Buffett proposed a bold solution to address the U.S. deficit by holding Congress accountable for managing national debt, with ineligibility for re-election if deficits exceed 3% of GDP.
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The port strike ends with a deal granting workers a 62% wage increase, but delays caused significant economic losses, estimated at $5 billion per day.
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MIT professor Daron Acemoglu predicts AI will replace only 5% of jobs over the next decade, warning of a potential AI crash similar to the early 2000s tech bubble.
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88-year-old Shigeru Fujimoto, a former pet-shop owner turned trader, built a $14 million fortune over seven decades, with his latest stake in a property management firm rising 17%.
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The US dock strike threatens to cost $5 billion daily, disrupting supply chains and raising consumer goods prices as 45,000 workers demand wage increases.
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The Fed’s first rate cut in over four years slightly lowered mortgage rates, sparking debate on whether it will boost housing demand or ease home prices.
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CSI 300 posts its largest weekly gain since 2008 following stimulus measures, as trading resumes on the Shanghai Stock Exchange after delays.
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Nancy Pelosi’s husband sells over $500,000 in Visa stock ahead of an antitrust lawsuit by the DOJ, reigniting debate over stock trading by members of Congress.
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Tesla’s stock rises ahead of the anticipated Robotaxi debut and Q3 delivery numbers, with analysts predicting a 6% sales increase.
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Intel receives a $5 billion investment offer from Apollo Global, boosting its stock by 4%, as acquisition talks and recent cost cuts draw market attention.
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U.S. gas prices drop to a 6-month low, easing consumer costs and potentially falling below $3 a gallon by Thanksgiving as oil production rises.
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The Fed meeting on Wednesday will address a potential rate cut, with markets speculating on whether the reduction will be a quarter or half point amid economic uncertainties.
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Chipotle introduces two cobots to enhance efficiency and consistency in digital orders, as part of its growth strategy and Cultivate Next venture fund.
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United Airlines will offer free inflight Wi-Fi from SpaceX’s Starlink on its fleet, enhancing connectivity for passengers worldwide over the next several years.
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UBS has developed an AI tool to streamline M&A deal-making by analyzing over 300,000 companies in seconds, while navigating compliance risks.
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Dealer incentives and a legal loophole make leasing more affordable than buying for many electric vehicles in the U.S.
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Goldman Sachs analysts suggest a bear market is unlikely despite recent market volatility driven by high valuations, earnings concerns, and global economic shifts.
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Macy's plans to close 55 underperforming stores as it shifts focus to profitable locations amid growing online competition.
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Warren Buffett’s Berkshire Hathaway sells 19 million Bank of America shares for $760 million, raising questions about his future stake in the bank.
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Volkswagen considers closing its German factories for the first time in 87 years due to rising competition from Asian rivals and shrinking profit margins.
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The U.S. DOJ subpoenas Nvidia over potential antitrust violations related to its AI technology, raising concerns about market dominance and fair competition.
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Six major credit rating agencies, including Moody’s and S&P Global, will pay $49 million in SEC penalties for significant recordkeeping failures.
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Billionaire Bill Ackman warns that Brazil’s court order to suspend Elon Musk’s X and freeze Starlink funds could drive away investors and harm the country’s market.
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GameStop plans to open Retro stores featuring vintage consoles and classic games to counter challenges in the digital market, sparking investor interest.
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Shake Shack announces closure of six California locations due to the new $20 minimum wage, citing unprofitable projections and portfolio adjustments.
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Philip Morris invests $232 million to expand production of its popular nicotine pouch Zyn, part of its strategy for a smoke-free future.
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Meta CEO Mark Zuckerberg admits to pressure from the U.S. government to censor COVID-19 content, expressing regret over the company’s compliance.
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NASA asks SpaceX to bring home stranded Boeing astronauts from the ISS, highlighting Boeing's ongoing struggles and raising investor concerns.
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Fed Chair Jerome Powell signals the first interest rate cut since 2020, with investors fully expecting the move in the upcoming September meeting.
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Nvidia CEO, Jensen Huang, predicts AI assistants for every job, announces energy-efficient computing initiatives and NIM microservices at SIGGRAPH conference.
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A Texas judge blocks the FTC’s non-compete ban, halting the rule that aimed to prevent workers from joining rival companies, impacting millions across the U.S.
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For the first time ever, a gold bar is worth $1,000,000 as gold prices surge past $2,500 per ounce, driven by central bank purchases and inflation hedging.
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JetBlue’s third-largest shareholder, Vladimir Galkin, made his fortune from GameStop and now holds an 8.1% stake in the airline as a side hobby.
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Justice Department is considering a potential breakup of Google after a federal ruling on antitrust violations.
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Chevron achieves a $5 billion breakthrough in Gulf of Mexico deepwater oil production, overcoming extreme pressures to pump 75,000 barrels per day.
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Starbucks CEO Laxman Narasimhan steps down after one year, replaced by Chipotle's Brian Niccol, sending Starbucks stock soaring and Chipotle shares dipping.
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Colin Huang sees a resurgence in his fortune as the company’s low-cost platform ‘Temu’ drives growth, surpassing Alibaba and benefiting from post-Covid economic shifts.
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Paramount and Warner Bros. face massive cable write-downs amid streaming challenges, with Warner Bros. shares plunging to a new low.
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Warren Buffett’s Berkshire Hathaway now holds more Treasury bills than the Federal Reserve, reflecting a strategic shift amid high market valuations.
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Retail investors sold aggressively during Monday’s stock market sell-off over economic slowdown fears, while institutional investors bought the dip
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Google found guilty of antitrust violations, potentially reshaping digital information retrieval in a landmark ruling.
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Global markets plummet as the Dow plunges 1000 points, spurred by fears of a slowing U.S. economy and aggressive Fed rate hikes.
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Weak jobs report and rising unemployment fuel market selloff, raising concerns over Federal Reserve’s rate cuts and potential economic slowdown ahead of the presidential election.
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The Federal Reserve held interest rates steady at 5.25%-5.5% and hinted at a potential rate cut in September, boosting stock market highs
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Congresswoman Nancy Pelosi discloses significant trades in Nvidia and Microsoft stocks, amid rising scrutiny over congressional stock trading practices
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Chipotle's CEO announces plans to retrain staff for more generous portion sizes following public scrutiny and viral social media trends.
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The DOJ alleges TikTok is transferring American users’ sensitive data to Chinese servers via the ‘Lark’ tool, raising national security concerns and potential ban risks.
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OpenAI is testing SearchGPT, an AI search engine designed to provide fast, follow-up answers, set to rival Google, Bing, and Yahoo, with integration planned for ChatGPT.
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A new NYC ramen restaurant chain outsources staff to the Philippines, using digital screens and Zoom to cut costs and greet customers, sparking mixed reactions.
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CrowdStrike partners with Uber Eats to offer $10 gift cards as an apology for a botched update that caused millions of computers to crash, but many recipients faced issues redeeming them.
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A new Senate bill aims to ban Congress members from trading individual stocks, addressing concerns over insider trading and fair market practices.
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Google announces it will not phase out third-party cookies in Chrome, opting instead to provide users with more control over their privacy settings
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Nvidia shares rise as the company plans to release new AI chips for the Chinese market, despite U.S. export controls, highlighting strong demand and bullish analyst sentiment.
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A global IT outage caused by errors on Windows computers is disrupting banks, airports, TV stations, and other businesses, with major impacts including a US airline ground stop and Sky News going offline.
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President Joe Biden is set to propose term limits for Supreme Court justices and a new code of ethics amidst ongoing controversies and calls for judicial reform.
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Fast food chains are embracing value deals this summer to combat rising prices and boost foot traffic. Will these strategies be enough to revive their lagging stocks?
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Take a look at the truth about America's $91 trillion debt burden. Learn why paying off the entire debt isn’t necessary, how the debt-to-GDP ratio matters, and the impact of rising debt on the economy.
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Boeing, the aerospace giant, has agreed to plead guilty to a criminal fraud conspiracy charge related to the fatal 737 Max crashes in 2018 and 2019. The fine and safety program investments are part of the plea deal.
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General Motors (GM) will pay nearly $146 million in penalties due to excess carbon dioxide emissions from 5.9 million older vehicles.
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Sales at bars and restaurants in the U.S. have fallen in four of the past six months for the first time since the pandemic.
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Salaries have fallen by an average of 8.2% in the last five years. Despite this, house prices have risen by an average of 56% in the previous 5 years.
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Roaring Kitty’s most recent move was the enormous purchase of Chewy Inc. shares, increasing his ownership stake. However, he's facing a lawsuit related to the GameStop saga. Get the full story here.
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The S&P CoreLogic Case-Shiller Index hits an all-time high in April 2024, reflecting strong U.S. home price growth. Learn about regional trends, market resilience, and the impact of mortgage rates.
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Amazon is all set to launch a new discounted section that will ship products directly from China, competing with Temu and Shein. Customers can anticipate budget-friendly clothing, home goods, and other items.
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The historical 50 for 1 split of Chipotle's stock has now taken effect. Find out how this will affect investors, employees' benefits, and the company's prospects.
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Due to technical problems, NASA astronauts aboard the Boeing Starliner capsule face repeated delays in their return from the International Space Station. Their stay in orbit was prolonged by an investigation of helium leakage and the failure of their thrusters.
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See why Nvidia insiders’ aggressive selling and retail investors' enthusiasm are shaping the stock’s future.
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Tobacco giant Philip Morris International halted online sales on ZYN.com across the U.S. following a subpoena from the District of Columbia (D.C.).
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Analyst Matthew Boss of JPMorgan gives an insight into the differences in economic experience and their impact on middle to low income households as a result of rising costs.
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Nvidia insiders have sold over $700 million worth of shares as the company’s stock rises to a record high, showing confidence in ongoing demand for its AI chips.
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Emerging economies and established powers within the G7 are facing a growth dilemma, says economic expert Fink.
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Walmart’s latest salary increase sets a new standard for store managers, with base wages starting from $90,000 and potential bonuses reaching 200% of annual pay.
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Despite safety concerns, the FDA Advisory Committee endorsed Eli Lilly's Alzheimer's drug, Donanemab, for slowing cognitive decline.
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Apple’s strategic alliance with OpenAI transforms Siri and iOS with ChatGPT, enhancing user experience without a cash deal.
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The Federal Reserve is maintaining the current interest rates, indicating a careful stance in the face of inflationary pressures. Discover the key takeaways from the June meeting.
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Apple announced its “Apple Intelligence”, a new generative AI system, at WWDC 2024. The system will be incorporated into iOS 18, iPadOS 18, and macOS Sequoia, marking a significant shift towards AI in Apple’s ecosystem.
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See how investors are affected by Nvidia's 10 for 1 stock split. Understand the psychological impact, company's confidence in growth and what that will mean for ordinary investors.
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See what's happening to GameStop stock after the livestream of Roaring Kitty. Find out about the factors that led to a 40% decline and reaction from the market.
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An automotive giant halts production of critical models amid cheating revelations.
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The Texas Stock Exchange (TXSE), backed by BlackRock and Citadel Securities, aims to disrupt traditional finance.
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El Salvador’s Bitcoin holdings surge to $400 million, signaling a commitment to digital currency. Learn about the strategic shift to cold storage and the nation’s pro-Bitcoin ecosystem.
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