U.S. corporate profits hit a record $4.7 trillion in the 12 months through mid-year, up 17%. Meanwhile, just 42 AI-related companies accounted for around two-thirds of the S&P 500’s gains since early 2024, according to WNYC. Bulls call it an…
The world’s two most closely watched central banks are expected to hold interest rates next week, but signal that the fight against inflation isn’t over. The Federal Reserve and the European Central Bank are widely tipped to raise rates again…
It’s a make-or-break moment for the AI trade. Four trillion-dollar companies report in the span of about 24 hours. Microsoft Corp. (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOGL) open their books Wednesday after the close. Eli Lilly and Co. (NYSE:LLY) follows Thursday…
U.S. diplomatic missions across the Middle East tightened staffing and security measures Saturday after U.S. intelligence warned that Iranian plots targeting Americans had reached "advanced stages." A memo from Director of National Intelligence Jay Clayton said that U.S. agencies collected…
The weekend’s headlines connected military technology, potential U.S. strikes, gasoline costs and campaign politics ahead of the midterm elections. Here are five stories that shaped the conversation. Ukraine Says Starlink Service Has Returned To Normal Ukraine said Saturday that Space…
House Speaker Mike Johnson (R-La.) defended Republicans’ tax legislation, accusing Democrats of opposing measures designed to provide financial support and savings opportunities for American families. Johnson Highlights GOP Tax Benefits For Families On Saturday, in a post on X, Johnson…
Former President Barack Obama urged voters Saturday to treat the Nov. 3 midterms as a check on President Donald Trump, campaigning for Democrats in Cleveland and Detroit with control of Congress at stake. Midterms Could Reshape Washington Policy Obama called…
President Donald Trump announced Saturday that Audi will invest about $4 billion in a Georgia assembly plant capable of producing up to 200,000 vehicles annually, as the automaker expands U.S. production amid higher tariffs on imported vehicles. Trump made the…
Sen. Rand Paul (R-Ky.) criticized Washington’s approach to public spending, arguing that government programs often fall short of their goals and leave taxpayers footing the bill for additional funding. Paul Criticizes Government Spending On Saturday, Paul took aim at federal…
Sen. Rick Scott (R-Fla.) defended President Donald Trump’s efforts to lower energy costs. He urged Congress to curb federal spending, reduce regulations, and balance the budget to help address inflation. Scott Defends Trump’s Energy Policies On Saturday, in his post…