wall street

ALL TOP STORIES

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....

all wall street NEWS

US inflation indicator rises as persistent price pressures remain

WASHINGTON — Consumer prices saw an uptick last month, indicating a possible halt in the steady decline of inflation that has been observed over...

Federal Reserve leaders indicate a careful approach to reducing interest rates in light of persistent inflation.

WASHINGTON — With inflation rates remaining high, officials from the Federal Reserve conveyed a sense of caution during their recent meeting regarding the possibility...

Supreme Court intervenes in dispute regarding FCC’s $8 billion funding for internet and telecommunications

The Supreme Court has decided to engage in a significant legal dispute concerning the $8 billion annually allocated by the federal government to subsidize...

Supreme Court permits multibillion-dollar class action lawsuit to advance against Meta

The Supreme Court has decided to allow a significant class action lawsuit against Meta, the parent company of Facebook, to move forward. This lawsuit...

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...

ALL wall street LIVE

Minute by Minute

money & Business

top story

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...

All News

Three dead and one critically hurt in Tesla Cybertruck accident in Northern California

PIEDMONT, California — A tragic incident unfolded early Wednesday as a Tesla Cybertruck crashed and ignited, resulting in the deaths of three individuals and leaving another with serious injuries, according to local...

The UK plans to seek input on automotive sales goals as the shift to electric vehicles progresses.

LONDON — The newly formed Labour government in the UK is set to initiate a consultation process regarding the sales targets imposed on automotive manufacturers as they transition toward electric vehicles. This...

Dinosaur droppings and regurgitated remains aid researchers in tracing the evolution of these ancient creatures.

NEW YORK — Utilizing ancient feces and vomit samples discovered in Poland, scientists have unveiled insights into how dinosaurs ascended to become the dominant creatures on the planet millions of years ago....

US inflation indicator rises as persistent price pressures remain

WASHINGTON — Consumer prices saw an uptick last month, indicating a possible halt in the steady decline of inflation that has been observed over the past two years. According to the Commerce Department,...

Sarasota’s Season of Sharing initiative assists families with bills during their recovery from the hurricane season.

Cecilia Grove faced a tough time when Hurricane Helene's storm surge inundated the kitchen of the restaurant where she worked as a waitress, forcing her to be out of work for 38...

Trump selects Jamieson Greer as trade representative and Kevin Hassett for the National Economic Council.

In West Palm Beach, Florida, President-elect Donald Trump unveiled a series of key nominations on Tuesday, selecting international trade attorney Jamieson Greer as his U.S. trade representative, economist Kevin Hassett...

Australia’s House of Representatives approves legislation to prohibit social media access for young children.

MELBOURNE, Australia — On Wednesday, the House of Representatives in Australia approved a groundbreaking piece of legislation aimed at protecting minors from social media access. The bill prohibits children under the age...

Kentucky’s attorney general aims at a major pharmacy benefit manager in new opioid-related legal action

FRANKFORT, Ky. — The Attorney General of Kentucky has broadened an ongoing lawsuit related to opioid abuse by including a major pharmacy benefit manager, alleging that it played a role in fueling...

Federal authorities aim to obtain documents from firm that implemented AI weapon detection system in New York City subway.

NEW YORK — Federal authorities in New York are currently looking into documents from Evolv, the company behind an AI-assisted weapons detection scanner that was briefly used in the subway system over...

Federal Reserve leaders indicate a careful approach to reducing interest rates in light of persistent inflation.

WASHINGTON — With inflation rates remaining high, officials from the Federal Reserve conveyed a sense of caution during their recent meeting regarding the possibility of rapidly decreasing interest rates, which adds to...

Biden’s advancements in surveillance technology may support Trump’s planned immigration enforcement.

President-elect Donald Trump is poised to assume office next year, bringing with him an array of technological resources that could assist in fulfilling his campaign commitment to intensify immigration enforcement. Among these...

Thanksgiving Travel Update: TSA prepares for record-breaking holiday rush

The upcoming Thanksgiving travel period is projected to be more extensive than in previous years. According to AAA, close to 80 million individuals in the United States are anticipated to travel at...

Insights from Black Friday’s Past on 2024 Holiday Shopping Trends

Black Friday Shopping Trends The holiday shopping period is gearing up for its peak with Black Friday,...

CDC leader emphasizes addressing health risks amid political shifts the agency faces

NEW YORK — As she prepares to leave her position, the head of the top public health agency in the United States is urging the incoming administration to remain vigilant and continue...

Authorities urge the Pentagon to halt Osprey flights until safety concerns are resolved.

In a recent development, three lawmakers from Massachusetts are urging Defense Secretary Lloyd Austin to reevaluate the operational status of the military's V-22 Osprey aircraft. They advocate for the grounding of this...

California Dairy Recalls Raw Milk Following Detection of Bird Flu Virus in Routine Tests

SACRAMENTO, Calif. — Health officials in California have reported the presence of the bird flu virus in a retail sample of raw milk sourced from a Fresno dairy. The positive...

Holiday baking season kicks off with higher egg prices, but supply remains steady

Egg prices are experiencing another uptick amid an ongoing bird flu outbreak that is coinciding with the heightened demand associated with the holiday baking season. However, these prices remain considerably lower than...

Are users experiencing issues with Outlook? Microsoft 365 outages reported by numerous individuals.

NEW YORK – On Monday, numerous Microsoft 365 users across the globe experienced disruptions affecting popular services, including Outlook and Teams. Reports of complications began flooding social media, particularly on platforms such...

‘Buy now, pay later’ services are gaining popularity, but experts caution consumers against excess use.

NEW YORK — This holiday season, a significant number of consumers are expected to take advantage of ‘buy now, pay later’ (BNPL) plans, which allow shoppers to spread their payments over time....

Increasing costs of servicing the national debt jeopardize Trump’s growth and inflation commitments.

**Trump Faces Economic Challenge Amidst Deepening Debt Issues** Donald Trump is gearing up to implement significant economic changes, but he faces a substantial obstacle in the form of the national debt. With ambitious...

ALL Money & Business LIVE

Minute by Minute

Technology

top story

Three dead and one critically hurt in Tesla Cybertruck accident in Northern California

PIEDMONT, California — A tragic incident unfolded early Wednesday as a Tesla Cybertruck crashed and ignited, resulting in the deaths of three individuals and leaving another with serious injuries, according to local...

All News

Three dead and one critically hurt in Tesla Cybertruck accident in Northern California

PIEDMONT, California — A tragic incident unfolded early Wednesday as a Tesla Cybertruck crashed and ignited, resulting in the deaths of three individuals and leaving another with serious injuries, according to local...

Dinosaur droppings and regurgitated remains aid researchers in tracing the evolution of these ancient creatures.

NEW YORK — Utilizing ancient feces and vomit samples discovered in Poland, scientists have unveiled insights into how dinosaurs ascended to become the dominant creatures on the planet millions of years ago....

Australia’s House of Representatives approves legislation to prohibit social media access for young children.

MELBOURNE, Australia — On Wednesday, the House of Representatives in Australia approved a groundbreaking piece of legislation aimed at protecting minors from social media access. The bill prohibits children under the age...

Federal authorities aim to obtain documents from firm that implemented AI weapon detection system in New York City subway.

NEW YORK — Federal authorities in New York are currently looking into documents from Evolv, the company behind an AI-assisted weapons detection scanner that was briefly used in the subway system over...

Biden’s advancements in surveillance technology may support Trump’s planned immigration enforcement.

President-elect Donald Trump is poised to assume office next year, bringing with him an array of technological resources that could assist in fulfilling his campaign commitment to intensify immigration enforcement. Among these...

Authorities urge the Pentagon to halt Osprey flights until safety concerns are resolved.

In a recent development, three lawmakers from Massachusetts are urging Defense Secretary Lloyd Austin to reevaluate the operational status of the military's V-22 Osprey aircraft. They advocate for the grounding of this...

Are users experiencing issues with Outlook? Microsoft 365 outages reported by numerous individuals.

NEW YORK – On Monday, numerous Microsoft 365 users across the globe experienced disruptions affecting popular services, including Outlook and Teams. Reports of complications began flooding social media, particularly on platforms such...

Supreme Court intervenes in dispute regarding FCC’s $8 billion funding for internet and telecommunications

The Supreme Court has decided to engage in a significant legal dispute concerning the $8 billion annually allocated by the federal government to subsidize internet and phone services in various institutions, including...

Supreme Court permits multibillion-dollar class action lawsuit to advance against Meta

The Supreme Court has decided to allow a significant class action lawsuit against Meta, the parent company of Facebook, to move forward. This lawsuit originates from the privacy issues linked to the...

Essential information regarding the suggested actions aimed at limiting Google’s dominance in search.

U.S. authorities are taking bold steps to enhance competition in the online search arena following a federal judge's ruling that Google has unlawfully dominated the market for the past decade. The...

Elon Musk’s financial campaign may lead to a constitutional conflict during Trump’s second term.

WASHINGTON — Initially, when Elon Musk proposed an initiative aimed at reducing the size of the federal government, Donald Trump appeared to dismiss the idea. The concept, eventually dubbed the Department of...

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...

ALL technology LIVE

Minute by Minute