The fog from the Iran war is obscuring the Federal Reserve’s view of the U.S. economy. Investors were rattled on Wednesday, when the central bank said it is holding interest rates steady, after Fed Chair Jerome Powell repeatedly underlined the mounting uncertainty caused by the escalating Middle East violence. Stocks slumped during his afternoon press conference, … Read more
A pair of tech investors, with the legal backing of a former Justice Department prosecutor, have filed a civil lawsuit accusing the Trump administration of failing to enforce a law that required TikTok to either separate from its China-based owner or face a ban in the United States. The 33-page lawsuit, which was filed Thursday … Read more
Stocks in the U.S. plummeted after the opening bell on Monday, as jittery investors reacted to the potential fallout from the war in Iran, including the impact on global oil supplies. The Dow Jones Industrial Average slid 1,110 points, or 2.2%, in early trading, while the S&P 500 and the tech-heavy Nasdaq Composite each dropped 1.9%. … Read more
U.S. stock futures pointed to steep losses on Tuesday as investors eyed threats to world energy supplies from the Iran war. Oil prices surged on worries that the war could clog the global flow of crude. S&P 500 futures are pointing to a decline of 1.5% at Tuesday’s open, while the Dow Jones Industrial Average … Read more
U.S. stock futures tumbled in premarket trading Monday as global oil prices soared amid signs that U.S.-Israel military strikes in Iran were expanding across the region, raising concerns about potential disruptions to global petroleum supplies. Futures for the S&P 500 and Dow Jones Industrial Average sank 1.1% in premarket trading, while the Nasdaq Composite sank 1.6%. Oil … Read more
CENTRAL ISLIP, N.Y. — A New York businesswoman was sentenced Friday to nine years in federal prison over a financial scheme that ripped off more than $30 million from foreign investors and funneled some of the stolen money into U.S. political campaigns, including a fundraiser for President Donald Trump. Sherry Xue Li was also ordered … Read more
Stocks slid on Friday as higher-than-expected inflation data and mounting fears about artificial intelligence’s economic impact weighed on investors. The S&P 500 fell 30 points, or 0.4%, to close at 6,879, while the Dow Jones Industrial Average tumbled 521 points, or 1.1%. The tech-heavy Nasdaq Composite sank 0.9% on the day. The losses followed the … Read more
Nvidia — the most valuable company in the world thanks to its place atop the AI food chain — generated a staggering $120 billion in profits last year. This includes an eye-popping $43 billion during the three-month period ending in January, one of the strongest quarters of any business ever recorded. Investors didn’t seem to … Read more
Vanguard Group agreed to pay several U.S. states $29.5 million to settle a lawsuit alleging it worked with other index-fund managers to pressure coal companies to reduce output. Source link
A bipartisan duo — Republican Sen. Josh Hawley and Democratic Sen. Jeff Merkley — is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country’s housing affordability crunch. The bill is set to be introduced on Thursday, two days after President … Read more