US stocks closed the week with mixed results as investors weighed the implications of the latest inflation data for the Federal Reserve’s monetary policy. The...
Biden warns of China’s economic troubles as a potential threat
US President Joe Biden has described China as a “ticking time bomb” due to its economic challenges, saying that the country was facing problems such...
Zuckerberg Dismisses Musk’s Claims About Cage Match in Rome
Mark Zuckerberg, the founder and CEO of Meta Platforms Inc., the company that owns Facebook, Instagram, and Threads, has expressed his skepticism about the cage...
NextEra Energy: A Green Powerhouse with a Growing Dividend
NextEra Energy (NEE) is the largest electric utility in the U.S. with a market value of $138 billion. It operates two businesses: Florida Power &...
Rising US Treasury yields weigh on Nasdaq and S&P 500 as big tech stocks slump
The Nasdaq and the S&P 500 closed lower on Friday, with both recording a second straight weekly decline, as hotter-than-expected U.S. producer prices data pushed...
How a bear steepener in the bond market could hurt the stock market
A bear steepener is a term used to describe a situation in the bond market where long-term interest rates rise faster than short-term interest rates,...
Nikola halts sales and recalls all electric trucks after fire incidents
Nikola, the electric and hydrogen semi truck maker, announced on Friday that it was recalling all the battery-powered electric trucks that it has delivered so...
WynnBET exits eight U.S. states amid online sports betting challenges
Wynn Resorts, the parent company of WynnBET, announced on Friday that it will close its online sports betting and iGaming platform in eight U.S. states,...
NYC Renters Face Rising Costs and Fierce Competition
The rental market in New York City is bouncing back from the pandemic slump, but not in favor of the renters. According to the latest...
Startup CEO Admits to Laundering Money from Qualcomm Fraud
A former startup CEO has pleaded guilty to laundering money from a fraud scheme that involved conning Qualcomm, one of the world’s leading semiconductor and...
A New Product Aims to Make Public Restrooms Cleaner and Safer
Public restrooms are a necessity for everyone, but they can also be a source of discomfort, disgust, and disease. The cleanliness of a public restroom...
Why Bill Gross Thinks 10-Year Treasuries Are Too Expensive
Bill Gross is a legendary bond investor who co-founded Pacific Investment Management Co. (PIMCO), one of the world’s largest asset managers. He retired from the...
AI Stocks Fall as Investors Adjust Their Expectations
Artificial intelligence (AI) stocks, which were among the best performers earlier this year, have seen a sharp decline in recent weeks. Some of the leading...
Fed Shrinks Its Balance Sheet by $1 Trillion, Sparking Market Volatility
The Federal Reserve, the central bank of the United States, has reduced its balance sheet by about $1 trillion since the start of the year,...
Toyota Tundra and Tundra Hybrid Recalled for Potential Fire Hazard
Toyota has announced a recall of about 168,000 vehicles in the U.S. due to a possible fuel leak that could cause a fire. The recall...
Russia’s currency crisis and its digital ruble plan
Russia is facing a severe currency crisis, as the ruble has plunged to its lowest level against the dollar since the start of the war...