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Tesla, the electric carmaker led by CEO Elon Musk, experienced a significant drop in its stock price during pre-market trading in the U.S. The shares fell by over 8% after the company reported earnings...

Wiz has decided to walk away from a massive $23 billion deal with Google, which would have been Google's largest acquisition to date. The company's co-founder, Assaf Rappaport, explained in a memo to employees...

US Vice President Kamala Harris recently held a campaign event in North Carolina, marking her seventh visit to the state this year and 15th trip since taking office on July 18, 2024. Harris has...

CrowdStrike, a cybersecurity company that offers software to detect and prevent hacks, experienced a major disruption on Friday due to a faulty software update. This led to a cascade effect among global IT systems,...

U.S. President Joe Biden is facing growing pressure from within his own party to withdraw from the 2024 presidential race. As of Friday afternoon, 32 congressional Democrats have publicly called for Biden to step...

Boeing, a longstanding icon in the aerospace industry, has faced numerous challenges in recent years, particularly following the two fatal crashes of its 737 Max planes. The company has been working diligently to address...

Hugo Boss, the German luxury fashion house, saw its stock drop by 9% after revising its sales guidance for 2024 due to a decline in demand from China. The company now expects full-year sales...

Rachel Burress, a 35-year-old hairdresser living in Aledo, Texas, has been dreaming of owning her own home for years. However, with mortgage rates near 7% and home prices soaring, her dream seems further away...

Former President Donald Trump was involved in a scary incident during a campaign rally in Pennsylvania when shots were fired, resulting in him being rushed offstage by Secret Service agents. Photos captured Trump with...

JPMorgan Chase CEO Jamie Dimon recently shared his concerns about inflation and interest rates during an interview on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland. Despite some progress...

Inflation has decreased significantly in the past two years, leading to some consumer prices deflating in the U.S. economy. Deflation refers to the rate at which prices are falling for consumer goods or services,...

Inflation in June continued to decrease as lower gasoline prices and easing price pressures provided some relief for consumers. According to the U.S. Labor Department, the consumer price index (CPI) rose by 3% in...

The inflation report that is highly anticipated is set to be released on Thursday and it may confirm the expectations for the Federal Reserve to reduce interest rates in the upcoming months. The report...

Microsoft has decided to step down from its observer seat on the OpenAI board due to regulatory reviews surrounding generative artificial intelligence in Europe and the U.S. This decision was communicated to OpenAI by...

Jerome Powell, the chairman of the US Federal Reserve, expressed his concerns about the potential negative impact of keeping interest rates high for extended periods on economic growth. He highlighted the strength of the...

U.S. President Joe Biden's fundraising operation is facing challenges after his poor performance in the recent presidential debate. Some of Biden's campaign bundlers have reported difficulties in reaching potential donors, with some even receiving...

Boeing has agreed to plead guilty to a criminal fraud charge related to the tragic crashes of the 737 Max planes, according to the Justice Department. This comes after U.S. prosecutors accused the company...

French voters are getting ready to cast their votes in the final round of a snap parliamentary election this weekend. In the first round, it seemed like the far-right National Rally (RN) group was...

President Joe Biden's recent TV interview has stirred up concerns among Democrats regarding his ability to secure re-election in 2024, especially in a potential face-off against former President Donald Trump. During the interview with...

President Joe Biden has faced criticism recently regarding his health and his ability to continue in the race for the presidency. Following a debate performance that raised concerns about his cognitive abilities, Biden sat...

The latest report on job opportunities for June reveals some interesting trends in the labor market. While overall nonfarm payrolls grew by 206,000, the job gains were not evenly distributed across all sectors.Health...

Saks Fifth Avenue parent company, HBC, has announced its acquisition of Neiman Marcus Group in a $2.65 billion deal. This merger will bring together two well-known retailers to form Saks Global, which will include...

Federal Reserve officials discussed the progress of inflation during their June meeting and concluded that while it is moving in the right direction, more evidence is needed before they consider lowering interest rates. The...

Federal Reserve Chair Jerome Powell recently addressed the progress made on inflation and the cautious approach needed before considering cutting interest rates. During a central banking forum in Sintra, Portugal, Powell highlighted the advancements...

The Supreme Court ruling on Monday regarding Donald Trump's immunity for official acts as president has added a new layer of complexity to special counsel Jack Smith's election interference case. The court's decision stated...

The Commerce Department is set to release a key economic report on Friday that could bring some positive news on inflation. The personal consumption expenditures price index, closely monitored by the Federal Reserve, is...

Micron Technology, a leading manufacturer of computer memory and storage, experienced a 7% drop in its stock price during extended trading hours, despite posting better-than-expected results. The focus of investors shifted to the revenue...

Southwest Airlines experienced a drop in its shares by about 4% during premarket trading on Wednesday due to the airline reducing its revenue forecast for the second quarter. This adjustment was made as a...

Nvidia CEO Jensen Huang gave a speech at the COMPUTEX forum in Taipei, Taiwan on June 4, 2024. Apple, Microsoft, Amazon, and Google were the top global brands at the end of 2023, according...

Banking regulators recently raised concerns about the resolution plans of four major American lenders. The Federal Reserve and the Federal Deposit Insurance Corp. reviewed the living wills of Citigroup, JPMorgan Chase, Goldman Sachs, and...

Forever 21, a well-known fast-fashion retailer with over 380 stores in the U.S., is facing financial struggles and seeking rent concessions from landlords. The company has reportedly asked some landlords to reduce its rent...

Casual-dining chains are seeing a shift in consumer behavior, according to Darden Restaurants CEO Rick Cardenas. Customers who are fed up with higher prices at fast-food restaurants are now turning to casual-dining chains like...

Elon Musk attended the Cannes Lions advertising festival in France to address the controversy surrounding his remarks towards advertisers. When asked by WPP CEO Mark Read about his previous comments telling advertisers to "go...

Boeing's CEO, Dave Calhoun, and chief engineer, Howard McKenzie, faced criticism from a Senate panel for the company's safety and quality issues. During a hearing in Washington, they addressed concerns about whistleblower allegations, company...

Apple has announced that it will no longer be offering loans through its buy-now-pay-later program, Apple Pay Later, in the United States. This decision comes as the tech giant plans to introduce installment loans...