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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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Market Update: Wall Street’s buzz over Netflix and AI sparks hope for record highs

NEW YORK — Technology stocks, including major players like Netflix and Oracle, are propelling U.S. indexes higher on Wednesday, building excitement around the lucrative...

Trump announces 25% tariffs on Canada and Mexico starting February 1 while signing multiple economic orders

WASHNGTON — On Monday, President Donald Trump announced that he anticipates implementing a 25% tariff on imports from Canada and Mexico effective February 1....

Starbucks to implement layoffs as a strategy for corporate restructuring

Starbucks announced on Friday that it intends to lay off an undisclosed number of employees as it undertakes a restructuring of its corporate workforce....

Yellen announces Treasury’s plan to implement ‘extraordinary measures’ starting January 21 to avoid breaching the debt limit.

WASHINGTON — In one of her final actions as Treasury Secretary, Janet Yellen announced that the Treasury Department will initiate “extraordinary measures” starting January...

Stock market update: Wall Street wraps up its strongest week since Trump’s election with a surge

NEW YORK — On Friday, U.S. stock indices wrapped up a successful week, marking their best performance in two months. The S&P 500...

IMF forecasts stable worldwide growth, but cautions that Trump’s trade tariffs, tax policies, and deportation strategies cast uncertainty on future prospects

In its latest report, the International Monetary Fund (IMF) has projected a slight acceleration in global economic growth along with a continued...

U.S. consumers conclude the year with a strong spending attitude, signaling positive prospects for the economy.

American shoppers ended the year with a heightened appetite for spending, purchasing a wide variety of goods ranging from furniture to apparel and dining...

BP to eliminate 4,700 positions globally in a bid to reduce costs

LONDON — BP, the U.K.-based oil giant, has announced a significant reduction in its workforce as part of an ongoing effort to cut costs....

Today’s stock market: Wall Street sees overall gains following positive inflation reports, though Lilly’s performance holds back momentum.

NEW YORK – On Tuesday, U.S. stock markets experienced a slight overall increase, buoyed by a positive inflation update, despite some declines in key...

Moderna stuns analysts with forecast of larger-than-anticipated sales decline

In the early hours of trading on Monday, shares of Moderna experienced a significant decline following the company's announcement of an anticipated larger-than-expected drop...

Walgreens exceeds Wall Street forecasts as the pharmacy chain progresses with its restructuring strategy.

Walgreens reported a stronger-than-anticipated performance for its fiscal first quarter, offering some optimism to investors regarding the drugstore chain's efforts to rejuvenate its faltering...

Delta enjoys a strong fourth quarter boosted by the bustling holiday travel rush.

Delta Air Lines exceeded expectations for both profit and revenue in the fourth quarter, fueled by robust demand during the pivotal holiday season. ...

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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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Market Update: Wall Street’s buzz over Netflix and AI sparks hope for record highs

NEW YORK — Technology stocks, including major players like Netflix and Oracle, are propelling U.S. indexes higher on Wednesday, building excitement around the lucrative potential of artificial intelligence. The S&P 500 saw...

Samsung plans to develop AI-enabled companions in its upcoming Galaxy smartphones.

SAN JOSE, California — Samsung is enhancing its Galaxy smartphones with new artificial intelligence features, aiming to make users' lives easier while also increasing reliance on their devices, which are already omnipresent...

MrBeast is not currently involved in the TikTok bidding competition, according to his representative.

Jimmy Donaldson, widely recognized as MrBeast, is not currently in the race to bid for TikTok, as confirmed by a spokesperson for the internet personality. The intrigue started with a...

“Farmtok” shines a light on agriculture; what impact would its absence have?

BUCYRUS, Ohio — Zoe Kent aims to spread a little happiness through her online discussions about farming. In one of her recent videos, she cleverly likens the process of applying pesticides to...

Davos 2025 responds to Trump’s approach, while EU leader spearheads climate change initiatives.

Davos, Switzerland — As the annual World Economic Forum event commenced in the picturesque Swiss Alps, U.S. President Donald Trump made headlines with his actions on the first day of his return...

Trump emphasizes collaboration that invests $500 billion in artificial intelligence

In a recent announcement, President Donald Trump highlighted a significant collaborative initiative aimed at investing up to $500 billion in infrastructure related to artificial intelligence. This venture, known as Stargate, has been...

Future of Electric Vehicles Uncertain as Trump Aims to Eliminate Biden’s Incentives

President Donald Trump has enacted an executive order aimed at dismantling what he refers to as “the electric vehicle mandate” set by former President Joe Biden. This move, made public on Monday,...

Ohio derailment settlement: Residents required to post $850,000 bond for appeal, remain determined to fight on.

Residents who are contesting the $600 million settlement related to the catastrophic train derailment in East Palestine have petitioned a court to overturn an order mandating them to secure an $850,000 bond...

Mexico asserts its sovereignty in response to US efforts to designate cartels as terrorist organizations.

MEXICO CITY — President Claudia Sheinbaum of Mexico addressed the ramifications of President Donald Trump's recent executive order, which seeks to label drug cartels as foreign terrorist organizations. She emphasized that any...

Trump confuses Spain with a BRICS nation and reiterates the risk of large tariffs

BARCELONA, Spain — President Donald Trump recently sparked confusion by inaccurately identifying Spain as a member of the BRICS nations, which include Brazil, Russia, India, China, and South Africa. This statement has...

Canada prepares to take action if Trump implements extensive tariffs on February 1.

TORONTO — Senior Canadian officials announced on Monday that the nation stands prepared to respond should President Donald Trump follow through with his intention of imposing a 25% tariff on imports from...

Trump enacted multiple executive orders on his first day. What are his key focuses?

Trump’s Executive Actions on Day 1 President Donald Trump has embarked on an ambitious set of executive actions at the start...

Trump announces 25% tariffs on Canada and Mexico starting February 1 while signing multiple economic orders

WASHNGTON — On Monday, President Donald Trump announced that he anticipates implementing a 25% tariff on imports from Canada and Mexico effective February 1. However, he did not elaborate on his intentions...

Trump reissues executive order for US exit from Paris climate accord

WASHINGTON — On Monday, President Donald Trump enacted an executive order to initiate the United States' withdrawal from the Paris climate agreement once again. This move poses a significant setback for global...

Wealth of billionaires increased significantly in 2024, claims anti-poverty organization ahead of another Davos meeting.

Davos, Switzerland - A recent report from Oxfam International reveals that the wealth of billionaires increased at a rate three times higher in 2024 compared to the previous year, coinciding with the...

A potential solution for safeguarding apples against climate change may be found in Michigan’s woodlands.

In an effort to enhance the resilience of apple trees amidst a warming climate, researchers in Michigan are on the lookout for a unique species known for its late blooming ability. The...

Starbucks to implement layoffs as a strategy for corporate restructuring

Starbucks announced on Friday that it intends to lay off an undisclosed number of employees as it undertakes a restructuring of its corporate workforce. In a communication addressed to staff, CEO and...

From supporting a ban to being celebrated as a hero: Exploring Trump’s TikTok transformation

NEW YORK — Donald Trump, during his initial presidency, spearheaded efforts to prohibit TikTok, declaring the widely-used video-sharing application a threat to U.S. national security. However, as Trump prepares to return to...

The growth — and possible decline — of TikTok in America

The potential ban on TikTok in the U.S. left many of its users and influencers in a state of uncertainty for over four years, as various lawmakers and judges deliberated over the...

As a US TikTok ban looms, Trump indicates he is ‘highly likely’ to approve an extension.

The deadline for TikTok to avoid a ban in the U.S. is approaching, but users searching for clear information on the implications have not received substantial updates from TikTok or the tech...

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Market Update: Wall Street’s buzz over Netflix and AI sparks hope for record highs

NEW YORK — Technology stocks, including major players like Netflix and Oracle, are propelling U.S. indexes higher on Wednesday, building excitement around the lucrative potential of artificial intelligence. The S&P 500 saw...

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Market Update: Wall Street’s buzz over Netflix and AI sparks hope for record highs

NEW YORK — Technology stocks, including major players like Netflix and Oracle, are propelling U.S. indexes higher on Wednesday, building excitement around the lucrative potential of artificial intelligence. The S&P 500 saw...

Samsung plans to develop AI-enabled companions in its upcoming Galaxy smartphones.

SAN JOSE, California — Samsung is enhancing its Galaxy smartphones with new artificial intelligence features, aiming to make users' lives easier while also increasing reliance on their devices, which are already omnipresent...

MrBeast is not currently involved in the TikTok bidding competition, according to his representative.

Jimmy Donaldson, widely recognized as MrBeast, is not currently in the race to bid for TikTok, as confirmed by a spokesperson for the internet personality. The intrigue started with a...

“Farmtok” shines a light on agriculture; what impact would its absence have?

BUCYRUS, Ohio — Zoe Kent aims to spread a little happiness through her online discussions about farming. In one of her recent videos, she cleverly likens the process of applying pesticides to...

Trump emphasizes collaboration that invests $500 billion in artificial intelligence

In a recent announcement, President Donald Trump highlighted a significant collaborative initiative aimed at investing up to $500 billion in infrastructure related to artificial intelligence. This venture, known as Stargate, has been...

Future of Electric Vehicles Uncertain as Trump Aims to Eliminate Biden’s Incentives

President Donald Trump has enacted an executive order aimed at dismantling what he refers to as “the electric vehicle mandate” set by former President Joe Biden. This move, made public on Monday,...

Trump enacted multiple executive orders on his first day. What are his key focuses?

Trump’s Executive Actions on Day 1 President Donald Trump has embarked on an ambitious set of executive actions at the start...

Starbucks to implement layoffs as a strategy for corporate restructuring

Starbucks announced on Friday that it intends to lay off an undisclosed number of employees as it undertakes a restructuring of its corporate workforce. In a communication addressed to staff, CEO and...

From supporting a ban to being celebrated as a hero: Exploring Trump’s TikTok transformation

NEW YORK — Donald Trump, during his initial presidency, spearheaded efforts to prohibit TikTok, declaring the widely-used video-sharing application a threat to U.S. national security. However, as Trump prepares to return to...

The growth — and possible decline — of TikTok in America

The potential ban on TikTok in the U.S. left many of its users and influencers in a state of uncertainty for over four years, as various lawmakers and judges deliberated over the...

As a US TikTok ban looms, Trump indicates he is ‘highly likely’ to approve an extension.

The deadline for TikTok to avoid a ban in the U.S. is approaching, but users searching for clear information on the implications have not received substantial updates from TikTok or the tech...

TikTok threatens to cease operations unless it receives guidance from Biden after Supreme Court decision

TikTok has warned that it may have to "go dark" this weekend if the outgoing Biden administration does not offer assurance against a shutdown of the popular app, following a recent decision...

As a TikTok ban approaches, users express grief, anger, and a desire to remain optimistic.

NEW YORK — The United States is moving closer to potentially banning TikTok, as the Supreme Court has upheld a law that would block new downloads of the app starting this upcoming...

Commerce Secretary Raimondo delivers final critiques of Trump and guidance for Democrats moving forward

WASHINGTON — Gina Raimondo, the U.S. Secretary of Commerce, views Donald Trump as a president-elect whose rhetoric is marked by aggression, yet he appears hesitant to allow America to compete on the...

A SpaceX launch mishap is believed to have resulted from a blaze that released streams of burning debris over the Caribbean.

CAPE CANAVERAL, Fla. — SpaceX is investigating a potential fire that may have led to the disintegration of its Starship during liftoff, which resulted in flaming debris falling near the Caribbean. According...

Hino, Toyota’s truck unit, agrees to $1.6 billion settlement in emissions controversy

A subsidiary of Toyota, Hino Motors, has agreed to pay more than $1.6 billion and plead guilty to charges involving the submission of false engine emission testing data, fraudulent fuel consumption figures,...

NASA astronaut emerges for a spacewalk after seven months in space.

CAPE CANAVERAL, Fla. — A NASA astronaut experiencing an extended stay at the International Space Station (ISS) finally enjoyed a refreshing change of pace on Thursday, as she participated in her first...

Google partners with AP to provide real-time news via its Gemini AI chatbot

Google has announced a partnership with The Associated Press (AP) to enhance its AI chatbot, Gemini, with real-time news updates. This collaboration marks Google's first arrangement with a news organization, as stated...

Two private lunar landers embark on a circuitous path to the moon.

CAPE CANAVERAL, Fla. — SpaceX successfully launched a duo of lunar landers on Wednesday, designed for both American and Japanese enterprises eager to establish a foothold on the Moon. This marked yet...

Biden’s significant semiconductor legislation will boost US chip manufacturing, though it comes with considerable expenses, according to a report.

WASHINGTON — A comprehensive law established in 2022, which President Joe Biden promoted as a strategy to bolster domestic semiconductor manufacturing and diminish the nation's dependence on foreign chips, is projected to...

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