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The S&P 500 reached a new record high, recovering from a 20% loss. While earnings are strong and valuations slightly lower than in February, investor sentiment remains cautious. Increased speculation in certain stocks an…
Canada's economy is suffering from the uncertainty caused by fluctuating US tariffs on Canadian goods. Businesses, particularly small ones, are struggling to plan due to unpredictable changes. While the US and Canada are…
Major US banks successfully passed the Federal Reserve's annual stress tests, demonstrating resilience against a hypothetical severe economic downturn. The tests, though simulating a significant recession with 10% unempl…
US stock markets reached all-time highs on Friday, with the S&P 500 closing at 6,173.07 and the Nasdaq also hitting a record. This follows a remarkable recovery from near bear market territory in April. While President T…
The US Treasury Department and Congress have scrapped a controversial "revenge tax" (Section 899) within the Republican's budget bill. This tax, designed to retaliate against perceived unfair global taxes on US companies…
Nike's shares surged after announcing a shift of some production from China to mitigate tariffs, despite warning of roughly a $1 billion cost from Trump-era tariffs. These tariffs will lead to price increases starting th…
Global markets surged to record highs fueled by optimism surrounding trade deals and anticipated Federal Reserve interest rate cuts. Asian stocks saw significant gains, reaching their highest point since September 2021, …
Nike's shares surged over 10% in after-hours trading despite reporting its worst quarterly earnings in over three years. CEO Elliott Hill, back from retirement, highlighted a turnaround plan focusing on core sports produ…
The "Made in the USA" label has disappeared from the Trump Organization's website promoting its new T1 phone, despite claims it will be American-made. While the company now emphasizes an "American-Proud Design" and state…
Qatar Airways swiftly handled the disruption caused by a temporary airspace closure in Doha, accommodating over 20,000 stranded passengers within 24 hours. A missile strike near the airport prompted the closure, groundin…
Shell has denied reports by the Wall Street Journal that it is planning a takeover of BP. Shell issued a statement clarifying that it has not considered, nor initiated talks for, a potential acquisition of BP. BP's share…
The European Union launched an antitrust investigation into Mars' $35.9 billion acquisition of Pringles maker Kellanova. The EU worries the deal will increase Mars' market power, leading to higher prices for consumers. R…
Walmart will begin selling the Nintendo Switch 2 online tonight at 9 PM ET. However, only paid Walmart+ members will have access during the first hour of sales. Walmart+ membership costs $13 monthly or $98 annually and o…
Fannie Mae and Freddie Mac will now include cryptocurrencies as assets in their risk assessments for single-family home loans. This decision, announced by the FHFA, allows borrowers to use crypto as collateral without co…
Dating app Bumble is cutting nearly a third of its workforce, about 240 jobs, to reduce costs by $40 million annually. CEO Whitney Wolfe Herd cited industry pressures and an inflection point in the dating sector. The mov…
The Federal Reserve proposed easing a key capital rule for banks, aiming to boost Treasury market liquidity. The enhanced supplementary leverage ratio (eSLR), regulating bank capital, is seen as overly restrictive. The p…
Edward Coristine, a 19-year-old former employee of the controversial US government "Doge" initiative, has resigned. His departure follows that of Elon Musk and other key personnel. Coristine's past includes running a com…
Facing unexpected job loss? Career coach Octavia Goredema offers a step-by-step guide. First, carefully review exit paperwork, negotiate terms, and secure benefits like unemployment insurance and healthcare. Next, plan y…
The NTSB harshly criticized Boeing's safety culture and the FAA's oversight following a January 2024 incident where a 737 MAX 9 cabin panel blew out mid-flight. The board cited inadequate training, missing bolts, and a f…
The NTSB blamed Boeing for systemic safety failures leading to a 737 Max door plug blowout on an Alaska Airlines flight. Missing bolts, inadequate documentation, and insufficient worker training were cited as contributin…
Philips Hue smart lighting and security products will see price increases in the US starting July 1st. Signify, the parent company, attributes the hikes to tariffs, impacting the entire Hue product line. While specific p…
Global equities saw modest gains Tuesday, driven by a reported ceasefire between Iran and Israel and growing market fatigue towards President Trump's policies. The MSCI World index rose slightly, mirroring marginal incre…
Texas, Oklahoma, and Nevada are enacting legislation to attract corporations away from Delaware, which currently dominates corporate incorporations. These changes include creating specialized business courts and limiting…
Following Iran's missile strikes on US bases in Iraq and Qatar, which appeared to be intercepted, oil prices plummeted 7.2%, while US stocks rallied. Traders believe Iran's response was limited, and the lack of further e…
Kroger, parent company of Pick 'n Save and Metro Market, will close approximately 60 stores nationwide within 18 months. This restructuring follows the collapse of its merger with Albertsons. Five Wisconsin Pick 'n Save …