The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 p.m. ET Wednesday. Powell briefs the press following the central bank’s two-day meeting. The Fed is widely expected to raise its fed funds target rate range by a half percentage point, but hot May inflation data …
The Fed will raise rates in the week ahead, but what Chair Powell says may matter most Read More »
According to the White House, the first two Operation Fly Formula flights brought in 170,000 pounds of Gerber and Alfamino formulas. Subsequent announcements have included 300,000 pounds of two kinds of formula manufactured in the UK by Kendamil, 380,000 pounds of Bubs brand infant formula from Australia and 110,000 pounds of a formula made in …
How far will Operation Fly Formula shipments really go to fill America’s store shelves? Read More »
Morale is at an all-time low at the beleaguered Mouse House after Disney CEO Bob Chapek dumped TV content boss Peter Rice. Rice, who joined Disney after the media giant acquired 21st Century Fox in 2019, was replaced on Thursday by his number two, Dana Walden, in what many have described as a “shocking” shakeup. …
Disney morale is ‘terrible’ after CEO Bob Chapek axed Peter Rice Read More »
What happened Shares of big-cap tech giants Apple (AAPL -3.86%), Amazon (AMZN -5.60%), and Nvidia (NVDA -5.95%) were down big on Friday, declining 3.4%, 5.6%, and 5.5%, respectively, as of 1 p.m. ET. There wasn’t much material news out of any of these three technology giants today. However, each of these companies trades at above-average valuations, …
Why Apple, Amazon, and Nvidia Plunged Today | The Motley Fool Read More »
A woman in Missouri says a man she had sex with in a Hyundai Genesis infected her with HPV through neglect — and she wants his insurance company to cover her medical costs and other damages. Here, Hyundai representatives display the 2014 model of the Genesis. Chung Sung-Jun/Getty Images hide caption toggle caption Chung Sung-Jun/Getty …
GEICO may have to pay $5.2 million to a woman who got an STD in an insured car Read More »
EV startup Lightyear revealed its first solar-powered electric vehicle, dubbed Lightyear 0, at an event this week in the Netherlands. The vehicle, which Lightyear describes as production-ready, has 388 miles of range, 44 miles of which are derived from solar power alone. The Lightyear 0 is the product of six years of research and development …
Lightyear says its $263,000 solar-powered car will go into production later this year Read More »
The Nasdaq composite led the downside again in Friday’s market while the Dow Jones and S&P 500 traded well over 1% lower. Stocks continued lower on this morning’s inflation report, compounding weekly losses in the major indexes. X Dow Jones Today The Dow Jones Industrial Average opened over 550 points lower before extending losses to …
Dow Jones Falls Over 500 Points As Consumer Price Index See Highest Increase Since 1981 Read More »
The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and other fintechs and has been quietly building a marketplace for matching customer orders. The “auction” …
Finding the perfect Father’s Day gift isn’t always the easiest of tasks, especially when there are so many options to choose from and you’re under a time crunch. You could always go with a personalized gift or a thoughtful gift basket to send straight to his door, but you might be looking for something a …
43 cool Father’s Day gifts for the dad who’s impossible to shop for Read More »
This week’s biggest market-moving story did not come from the Financial Times or one of our main rivals. It was written by Lukas Hässig, a 57-year-old Zurich-based journalist behind the blog Inside Paradeplatz. On Wednesday morning, Credit Suisse announced its third profit warning in six months, sending its shares down more than 7 per cent …
The Swiss blogger with the market-moving story of the week Read More »
