Stocks tumbled Friday as Wall Street was headed for a fifth straight weekly decline, its longest such stretch in nearly four years. The losses come a day after U.S. markets suffered their worst drop since the Iran war began Feb. 28. The S&P 500 slumped 55 points, or 0.85%, to 6,422 in late-morning trading, while the … Read more
Steven Fulop has warned the New York City mayor that higher taxes could cause business elites to flee. Source link
A Ukrainian drone technology startup saw the most explosive U.S. stock market debut in the last year during its first day trading on Nasdaq. Shares in Swarmer, whose software enables single pilots to control hundreds of drones at once, soared over 700% before closing at $31 on Tuesday. The company, based in Austin, Texas, but … Read more
Trading steadied early Tuesday and crude prices eased after wild swings this week with investors trying to figure out how long the war with Iran will continue. Futures for the Dow Jones Industrial Average rose 0.2% before the opening bell, while S&P 500 futures inched up 0.1%. Futures for the Nasdaq were up 0.2%. On … Read more
“It’s been a long time since we’ve had a bad event,” said Lloyd Blankfein. “It’s been 17 years since the financial crisis.” The former CEO of Goldman Sachs, who led the bank through that historic crisis, says it happened before, so it’ll happen again. “Think of it as kindling on the floor of a forest,” … Read more
Oil and gas prices are going up, and stock values are coming down as the war with Iran reaches nearly one week. Meanwhile, the U.S. job market lost 92,000 jobs in February, marking an unexpected setback for the economy. Kelly O’Grady has analysis. Source link
HONG KONG — Asia shares were mixed Friday following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024. U.S. futures edged higher as the war with Iran entered its seventh day, with Israeli airstrikes pounding the capitals of Iran … Read more
Two hours from the closest stoplight, the Rio Grande runs through rugged canyons under the darkest skies in the Lower 48 states, carving cliffs that drop 1,500 feet below the desert floor of the beautifully desolate Big Bend National Park. The few who call the region home feel a unique bond to the land. In … Read more
Andrew Axelrod loaned $120 million to the Brooklyn Mirage. After it went bankrupt, he took over the joint. Source link
Stocks surged to records in large part because of hope — and hype — about artificial intelligence. But in recent months, worries about aggressive spending on AI have rippled through Wall Street as investors question whether that spending will materialize into actual profits. And some industries wavered this week as anxieties about the technology intensified, … Read more