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Dow hits new record on rate cut rally: What’s next for Wall Street ?

US stocks closed Monday with mixed results as investors braced for a key earnings report and upcoming economic data later in the week. The Dow Jones Industrial Average rose 65 points, or 0.2%,...

Tech comeback: Battered sector takes charge in latest market upswing

Stocks have surged back from recent lows as fresh economic data eases recession fears. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are both showing positive gains for the month, despite an initial...

AI hype faces scrutiny on Wall Street is becoming more skeptical of artificial-intelligence hype

After 18 months of promoting artificial intelligence and its potentially transformative impact on corporate profits and human productivity, Wall Street is growing more skeptical. Analysts have recently scrutinized the financials underpinning the technology....

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Nvidia: The most valuable company on Wall Street and the numbers behind its ascent

Nvidia has reported impressive quarterly earnings that have surpassed the expectations of financial analysts. The tech company's semiconductors have experienced a surge in demand,...

Bill Hwang, the founder of Archegos hedge fund, sentenced to 18 years in prison for extensive fraud.

NEW YORK — On Wednesday, the founder of Archegos Capital Management, a hedge fund, received an 18-year prison sentence for committing fraud related to...

Delta’s CEO claims Trump administration will undo the government ‘overreach’ experienced during Biden’s tenure.

The CEO of Delta Air Lines has expressed optimism about the incoming Trump administration, describing it as a potential “breath of fresh air” for...

Target announces a decline in its third-quarter earnings and offers a cautious forecast for the holiday season.

NEW YORK — In the third quarter, Target managed to achieve a modest increase in sales, but its profits took a hit as inflation-conscious...

Spirit Airlines seeks bankruptcy protection amid mounting financial losses and impending debt obligations

Spirit Airlines announced on Monday its decision to seek bankruptcy protection as part of efforts to reestablish itself in the wake of a significant...

Could the antitrust battle initiated by Biden transform into a negotiation under Trump?

SAN FRANCISCO — The U.S. antitrust agencies that have taken a hard stance against major technology firms under President Joe Biden may find themselves...

General Motors reduces workforce by approximately 1,000 employees to lower expenses and enhance competitiveness in a saturated car industry.

General Motors has announced the layoff of approximately 1,000 employees globally as part of its strategy to reduce expenses while competing in a highly...

US wholesale inflation rises modestly, indicating persistent price pressures.

Wholesale prices in the United States experienced an increase last month, indicating that inflationary pressures continue to linger within the economy, albeit at relatively...

Disney’s Q4 earnings surpass expectations due to robust performance in entertainment and streaming sectors.

Disney's adjusted profits for the fourth quarter surpassed analysts' forecasts, driven by robust performance in the entertainment sector and streaming services. The company...

Supreme Court appears poised to permit class action lawsuit against tech giant Nvidia.

The Supreme Court is likely to allow a class-action lawsuit against Nvidia to proceed, which accuses the company of misleading investors regarding its reliance...

Bitcoin Reaches New All-Time High of Over $87,000: Insights on Cryptocurrency’s Surge After Elections

NEW YORK — Following Donald Trump's recent election victory, there has been a notable influx of funds into the cryptocurrency market, leading to a...

Czech National Bank reduces main interest rate to 4% amid low inflation rates

The central bank of the Czech Republic announced on Thursday that it is reducing its key interest rate for the eighth consecutive time, as...

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Fed Chair Powell announces rate cut in September – interest rates will go down in three steps til end of year

A larger Federal Reserve rate cut in September could unsettle investors. While lowering interest rates might stimulate the economy, it raises the question: how much economic support is actually needed? Last week, Federal Reserve...

After low inflation data focus shifts to likely rate cut in September as more Fed officials line up behind it

Two Federal Reserve officials signaled on Thursday that a rate cut may be on the horizon, as strong economic data led financial markets to scale back expectations for a significant reduction in...

3 reasons why bitcoin could soar to $100,000 this year, according to Anthony Scaramucci

Bitcoin is still on track to nearly double from current levels this year, despite the crypto's steep sell-off, according to Anthony Scaramucci. The Skyridge Capital founder and longtime crypto bull said he saw a number...

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Draft agreement from UN climate talks leaves uncertainty regarding climate financing for developing countries

BAKU, Azerbaijan — A new draft document unveiled early Thursday, which will underpin any potential agreement at the United Nations climate negotiations regarding financial aid for developing nations transitioning to green energy...

Development and pollution pose growing threats to Indonesia’s Papuan women’s mangrove forests.

JAYAPURA, Indonesia — In the southeastern part of Jayapura, Petronela Merauje makes her way through her floating village, inviting women to join her the next morning in the nearby mangrove forests. Merauje,...

Nvidia: The most valuable company on Wall Street and the numbers behind its ascent

Nvidia has reported impressive quarterly earnings that have surpassed the expectations of financial analysts. The tech company's semiconductors have experienced a surge in demand, primarily due to their application in artificial intelligence...

Bill Hwang, the founder of Archegos hedge fund, sentenced to 18 years in prison for extensive fraud.

NEW YORK — On Wednesday, the founder of Archegos Capital Management, a hedge fund, received an 18-year prison sentence for committing fraud related to securities and market manipulation, a scheme that prosecutors...

Judge halts governor’s attempt to withdraw Virginia from emissions reduction program.

A recent court ruling has determined that Virginia cannot exit a multi-state program aimed at reducing greenhouse gas emissions without the approval of the state legislature. This decision poses a setback for...

Unique coin from the California Gold Rush auctioned for $1.4 million

LOS ANGELES — Enthusiastic coin collectors seized the opportunity to acquire a rare $20 “double eagle” gold coin at an auction house in Southern California on Tuesday afternoon. Ultimately, only one bidder...

Finnish officials launch investigation into damaged underwater cable connecting Finland and Germany.

HELSINKI, Finland — On Wednesday, Finnish officials announced the initiation of an inquiry into a data cable that was damaged beneath the Baltic Sea. This development adds to an ongoing investigation in...

Delta’s CEO claims Trump administration will undo the government ‘overreach’ experienced during Biden’s tenure.

The CEO of Delta Air Lines has expressed optimism about the incoming Trump administration, describing it as a potential “breath of fresh air” for the airline sector, which he believes has faced...

Target announces a decline in its third-quarter earnings and offers a cautious forecast for the holiday season.

NEW YORK — In the third quarter, Target managed to achieve a modest increase in sales, but its profits took a hit as inflation-conscious consumers reduced their expenditures. The financial strain was...

Snack fairness: Spanish court penalizes supermarket for dismissing employee over croquette consumption

A Spanish court has confirmed a previous ruling that a supermarket employee was unjustly terminated for consuming a croquette that was intended for disposal due to lack of sales. The incident...

Surging energy costs drive UK inflation to its highest point in six months for October

Inflation in the United Kingdom surged to a six-month peak in October, exceeding the targets established by the Bank of England’s policymakers. This shift, disclosed in official data, is likely to solidify...

Ukraine achieves progress in clean energy development, making it more resilient against Russian attacks.

BAKU, Azerbaijan — Maxim Timchenko, the CEO of DTEK, Ukraine's largest private energy firm, recently unveiled data illustrating the contrast between the restoration of electricity in Ukraine and the destruction caused by...

AI-generated images of female students in compromising situations cause turmoil at Pennsylvania private school.

Images of girls depicted with nude bodies have resulted in resignations of key figures at a private school in Pennsylvania, sparked protests from students, and prompted a criminal investigation. In August, a juvenile...

Congressional committee calls for strengthening the US-China trade ties

WASHNGTON — A congressional committee has put forth a recommendation to revise the United States' trade stance with China, advocating for the reversal of a nearly quarter-century-old policy that many believe has...

Trump appoints billionaire Howard Lutnick, a crucial transition adviser, as secretary of commerce.

WASHINGTON — President-elect Donald Trump has selected Howard Lutnick, the CEO of brokerage and investment firm Cantor Fitzgerald and a proponent of cryptocurrency, as his nominee for the position of...

Reuters appoints Sally Buzbee, ex-executive editor of Post and AP, to head news operations in the U.S. and Canada.

Sally Buzbee, who previously held the position of executive editor at The Washington Post and The Associated Press, is set to join Reuters as the chief editor for the United States and...

Launching a small business presents challenges, but planning for an exit from it can be even tougher.

Starting a small business can be quite challenging, but for many owners, the difficulties don’t end there. When it's time for business owners to retire, the question of what to do with...

Housing complexes secure $1 billion in HUD financing for energy efficiency improvements and climate initiatives.

Renters living in affordable housing have often felt overlooked in the shift toward cleaner energy solutions. Many of them reside in older structures that, although maintained over the years, still suffer from...

Snow and sleet from Arctic air lead to school shutdowns and travel disruptions in various regions of the UK

LONDON — A significant cold wave swept across the United Kingdom on Tuesday, resulting in the closure of numerous schools and causing extensive disruptions in road and rail travel. The adverse weather...

World Food Prize Foundation reveals updates to enhance global outreach

DES MOINES, Iowa — A prominent organization based in Iowa dedicated to combating global hunger has announced a significant change in leadership as it seeks to broaden its international reach. The World...

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Technology

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Nvidia: The most valuable company on Wall Street and the numbers behind its ascent

Nvidia has reported impressive quarterly earnings that have surpassed the expectations of financial analysts. The tech company's semiconductors have experienced a surge in demand, primarily due to their application in artificial intelligence...

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Nvidia: The most valuable company on Wall Street and the numbers behind its ascent

Nvidia has reported impressive quarterly earnings that have surpassed the expectations of financial analysts. The tech company's semiconductors have experienced a surge in demand, primarily due to their application in artificial intelligence...

Finnish officials launch investigation into damaged underwater cable connecting Finland and Germany.

HELSINKI, Finland — On Wednesday, Finnish officials announced the initiation of an inquiry into a data cable that was damaged beneath the Baltic Sea. This development adds to an ongoing investigation in...

Delta’s CEO claims Trump administration will undo the government ‘overreach’ experienced during Biden’s tenure.

The CEO of Delta Air Lines has expressed optimism about the incoming Trump administration, describing it as a potential “breath of fresh air” for the airline sector, which he believes has faced...

AI-generated images of female students in compromising situations cause turmoil at Pennsylvania private school.

Images of girls depicted with nude bodies have resulted in resignations of key figures at a private school in Pennsylvania, sparked protests from students, and prompted a criminal investigation. In August, a juvenile...

Reuters appoints Sally Buzbee, ex-executive editor of Post and AP, to head news operations in the U.S. and Canada.

Sally Buzbee, who previously held the position of executive editor at The Washington Post and The Associated Press, is set to join Reuters as the chief editor for the United States and...

Insights from AP’s probe into safety concerns of Ospreys

The V-22 Osprey, a unique aircraft known for its ability to fly like an airplane and land like a helicopter, has resumed flights after a protracted grounding due to a tragic crash...

Trump reportedly intends to be present at the upcoming SpaceX ‘Starship’ launch set for Tuesday in Texas.

WEST PALM BEACH, Fla. — President-elect Donald Trump is reportedly set to attend a SpaceX “Starship” rocket launch on Tuesday, highlighting the growing influence of founder Elon Musk within Republican circles. ...

The Associated Press plans to implement buyouts and layoffs in efforts to reduce its workforce by 8%.

The Associated Press announced on Monday its decision to initiate a series of buyouts and select layoffs, aiming to decrease its workforce by approximately 8% while enhancing its shift towards a digital-first...

Could the antitrust battle initiated by Biden transform into a negotiation under Trump?

SAN FRANCISCO — The U.S. antitrust agencies that have taken a hard stance against major technology firms under President Joe Biden may find themselves more constrained by Donald Trump if he regains...

General Motors reduces workforce by approximately 1,000 employees to lower expenses and enhance competitiveness in a saturated car industry.

General Motors has announced the layoff of approximately 1,000 employees globally as part of its strategy to reduce expenses while competing in a highly competitive automotive industry. Most of the affected employees...

Tech advisor clashes with prosecutor regarding specifics of Cash App founder Bob Lee’s death

SAN FRANCISCO — The trial of Nima Momeni, a technology consultant facing murder charges in the stabbing death of Cash App creator Bob Lee, witnessed a tense exchange between Momeni and the...

Disney’s Q4 earnings surpass expectations due to robust performance in entertainment and streaming sectors.

Disney's adjusted profits for the fourth quarter surpassed analysts' forecasts, driven by robust performance in the entertainment sector and streaming services. The company reported a profit of $460 million, translating to...

Supreme Court appears poised to permit class action lawsuit against tech giant Nvidia.

The Supreme Court is likely to allow a class-action lawsuit against Nvidia to proceed, which accuses the company of misleading investors regarding its reliance on sales of computer chips used in cryptocurrency...

Bitcoin Reaches New All-Time High of Over $87,000: Insights on Cryptocurrency’s Surge After Elections

NEW YORK — Following Donald Trump's recent election victory, there has been a notable influx of funds into the cryptocurrency market, leading to a surge in bitcoin's value. On Monday, bitcoin...

U.S. regulators probe potential engine failures in 1.4 million Honda cars

The National Highway Traffic Safety Administration (NHTSA) is currently looking into reports regarding potential engine failures affecting approximately 1.4 million vehicles from Honda and Acura. This investigation encompasses...

Trump 2.0 could change international climate initiatives. Will other nations respond?

Global initiatives aimed at tackling climate change faced significant setbacks during Donald Trump's previous presidency, particularly when he withdrew the United States from an essential international climate agreement....

Nissan reduces workforce by 9,000 due to declining vehicle sales.

Nissan reported a financial loss for the most recent fiscal quarter, attributing it to a significant decline in vehicle sales alongside rising costs and inventory levels. As a consequence, the Japanese automaker...

Honda sees profit drop amid falling sales in China

TOKYO — Honda has reported a nearly 20% decline in profits during the first half of the fiscal year compared to the same timeframe last year. The Japanese car manufacturer revealed this...

South Korea imposes $15 million penalty on Meta for unlawful data collection from Facebook users.

SEOUL, South Korea — On Tuesday, the South Korean privacy enforcement agency imposed a fine of 21.6 billion won (approximately $15 million) on social media giant Meta for the unlawful collection of...

US agency concludes probe into Ford engine malfunctions following recall and warranty expansion

DETROIT — The investigation into engine failures associated with Ford vehicles, which lasted for two and a half years, is now concluded by the U.S. government's auto safety oversight body. This decision...

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