The Supreme Court sidestepped a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Facebook of misleading investors.
Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.
The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in AI.
At their meeting on Wednesday, the Federal Reserve cut its benchmark interest rate by a half percentage point, satisfying investors who had been expecting a strong move given the weakening employment picture.
Wall Street somewhat rebounded from a disaster on Tuesday, as main stock indexes grew over 1%. Investors searched for bargains after a global stock selloff and panic of a possible recession occurred on Monday.
While maintaining interest rates at their highest point in over 20 years on Wednesday, the Federal Reserve made a suggestion that lower borrowing costs may soon be implemented by policymakers due to slight recent improvements in inflation.
A new report has revealed that the number of jobless claims has reached the highest in 10 months.
Target will no longer accept checks as a form of payment beginning July 15th.
The economy grew by 206,000 jobs in June, but unemployment was above 4% in the same month, according to the Labor Department said on Friday.
Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer’s sharp selloff over the past three sessions.