Since early June, Wall Street’s major stock indexes have all rallied to fresh record highs. While artificial intelligence (AI) is the trend behind this surge in stock valuations, it’s the “Magnificent Seven” that have done most of the heavy lifting. These are some of Wall Street’s most influential businesses, and…
United Airlines reportedly approached Delta Air Lines last year about a potential merger that would have combined two of the largest U.S. carriers. United CEO Scott Kirby contacted Delta CEO Ed Bastian to pitch the potential tie-up, The Wall Street Journal reported Sunday, citing people familiar with the matter.According to…
Shares in the Magnificent 7 tech stocks have slumped this week amid investors’ concerns about massive spending by hyperscalers on artificial intelligence infrastructure amid uncertainty about the global economy due to the resumption of hostilities in the Iran war. The so-called Magnificent Seven tech stocks experienced their biggest one-day drop…
Albertsons lowered its fiscal 2026 sales and earnings outlook Thursday after weaker grocery demand and a more cautious consumer weighed on its first-quarter performance. The grocery chain now expects identical sales to decline between 0.5% and 1.5% for the full fiscal year, compared with its previous forecast of flat sales…
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More than 300,000 empty lots listed for sale could help reduce America’s housing shortage, according to new research from Zillow.…
ARK Invest CEO Cathie Wood is defending her fund’s stake in SpaceX, declaring the aerospace and satellite network pioneer could…
Apple is raising prices on Apple Music subscriptions as well as certain Apple One plans as the company faces higher…
Nvidia has held the position as the world’s biggest company since about a year ago, when it became the first…
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Americans in the market for buying a new home are seeing the markets in some parts of the country turn in their favor after years of seller’s markets prevailing. Realtor.com on Tuesday released the second-quarter edition of its market clock report, which analyzes national and…
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A group representing America’s manufacturers on Tuesday released a report marking one year since the enactment of the 2025 tax law that includes examples of the legislation’s impact on the manufacturing sector in all 50 states. The One Big Beautiful Bill Act (OBBBA) was passed by Republicans in Congress and…
Boeing CEO Kelly Ortberg said the global aerospace company has begun early work on a possible new airplane design but is not yet ready to move forward. Ortberg, who became president and CEO in August 2024, said Boeing is spending “time and money” evaluating its options and preparing to introduce…
Americans who are looking to buy a home for the first time are seeing some gradual improvement in affordability, though the market remains far more challenging than it was before the COVID-19 pandemic – particularly in some parts of the country. A new analysis by Realtor.com finds that the cost…
The World Cup is helping to boost consumer spending around the U.S. in June, with host cities seeing notable gains, according to new data from Bank of America. The Bank of America Institute found that consumer spending using credit and debit cards rose 6.3% from a year ago in June…
The IRS this week announced changes in the amount that taxpayers may deduct in gas used per mile while operating a vehicle for business for the remainder of the year amid higher gas prices. The tax collection agency noted that the change “results from recent increases in the price of…
close video Mortgage rates rose this week to the highest level in nearly a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.55% — the highest level since August 2025…
JPMorgan Chase CEO Jamie Dimon on Wednesday said there is still a lot of uncertainty over how AI will impact the workforce and people shouldn’t be “breathless” in their concerns as new technologies have historically created new jobs. Dimon said in a conversation with Sen. Dave McCormick, R-Pa., at the…
BMW is recalling nearly 30,000 vehicles over an engine starter issue that could pose a fire risk, according to federal regulators. The recall affects 29,119 plug-in hybrid sedans, including 2018-2020 BMW 530e xDrive, 2018-2020 BMW 530e iPerformance, 2017-2019 BMW 740Le xDrive and 2016-2018 BMW 330e iPerformance vehicles.According to the National Highway…
Warren Buffett said that it didn’t come as a surprise when he told Bill Gates about his decision to stop donating to the Gates Foundation after partnering on the group’s philanthropic initiatives for two decades. Buffett, 95, didn’t include the Gates Foundation when he announced the donation of almost $6…
Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 amid persistently high inflation this year, a new report finds. An analysis by The Senior Citizens League (TSCL) predicts that the 2027 COLA will be 3.8%, or 1 percentage point higher than the 2026 COLA of…
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