SpaceX stock continued to surge on Tuesday following its record-setting IPO last week, with the company’s market capitalization surpassing Amazon and briefly topping Microsoft. Elon Musk’s SpaceX debuted on the Nasdaq on Friday following its IPO and shares have risen about 35% since it began trading last week, as traders…
Yum Brands announced on Tuesday that it is selling Pizza Hut to private equity firm LongRange Capital for $2.7 billion. The transaction would mark a significant shift for one of America’s most recognizable pizza chains and underscores growing consolidation across the restaurant industry as operators navigate slowing consumer demand and…
The Federal Reserve is expected to hold rates steady following its monetary policy meeting this week amid the rise in inflation, while newly minted Chairman Kevin Warsh is set to hold his first post-meeting press conference. Inflation was already elevated before the Iran war jolted energy prices higher, which has…
More than 500,000 packages of macaroni and cheese sold at Aldi stores nationwide have been recalled because they may contain undeclared soy lecithin, a soy-derived ingredient that can pose a risk to people with soy allergies or sensitivities. According to the Food and Drug Administration, 58,405 cases of Park St.…
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Elon Musk’s SpaceX began trading at $150 a share on Friday, above its listing price of $135 a share, making…
When most people think of major stock market indexes, their minds go to the S&P 500, Nasdaq Composite, or Dow…
Investors have a growing list of exchange-traded funds (ETFs) and mutual funds that they can choose from as they consider…
For working Americans with access to a 401(k), there’s perhaps no easier way to save for retirement. You tell your…
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More than 17,000 coffee makers were recalled over a burn hazard that can cause serious injury, according to federal regulators. About 17,600 Kidisle-branded hot and iced coffee machines were affected by the recall, according to the U.S. Consumer Product Safety Commission.”The recalled coffeemakers(sic) can become…
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U.S. employers ramped up layoffs in May as the artificial intelligence (AI) rollout was the leading factor cited by companies cutting their workforces, new data shows. Companies announced 97,006 job cuts in May – an increase of 16% from the 83,387 cuts in April and an increase of 3% from…
Americans are increasingly reaching a breaking point regarding their household finances. Despite hopes for a soft landing after years of elevated inflation, consumer pessimism has reached some of its worst levels in years, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released Monday.The percentage…
Sam Bankman-Fried, the former cryptocurrency billionaire serving a 25-year sentence for fraud tied to the 2022 collapse of his FTX exchange, says he would welcome a pardon from President Donald Trump — but insists he has not lobbied the White House for one. “It would be obviously, you know, ultimately…
Hibbett Sports will close 175 stores around the U.S. over the next three years as its parent company, JD Sports, looks to reorganize its footprint. JD Sports acquired Hibbett in 2024 in a deal valued at around $1.1 billion, with the acquisition viewed as enhancing JD’s presence in the North…
Gas-X capsules sold across the country are being recalled over potential chemical contamination because of a machine leakage during packaging, according to the Food and Drug Administration. Haleon issued a voluntary recall last week after discovering that the medication may have been contaminated with a coolant when a machine leaked…
American Airlines is temporarily suspending six domestic routes this summer as elevated fuel costs linked to the Iran conflict continue to pressure carriers across the airline industry. The major air carrier said the affected routes will be paused only during August and September and emphasized that no routes are being…
The U.S. economy added jobs at a modest pace in May amid uncertainty surrounding the impact of conflict in the Middle East on the labor market. What are the key findings of the May 2026 jobs report?The Bureau of Labor Statistics on Friday reported that employers added 172,000 jobs in May.…
A shifting economic landscape has culminated in Texas, dethroning California as the nation’s premier hub for Fortune 500 companies. Data from the 2026 Fortune 500 list show Texas leading with 57 headquarters, compared with California’s 56, marking a reversal from two years ago, when California held the lead.Additionally, corporations in…
A new report from the Federal Reserve finds that inflation is pushing prices higher at a strong pace in most of its regional districts around the country, driven by the surge in energy prices. The Fed on Wednesday released its latest edition of the Beige Book, which summarizes economic conditions…
Ford recently announced a recall affecting nearly 420,000 Ford Expedition and Lincoln Navigator sport utility vehicles (SUVs) over an issue with seat belts locking and potentially causing injury to occupants during a crash. The auto recall covers 342,283 Ford Expedition vehicles from model years 2018 to 2022, as well as…
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