Business
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Powell Pushes Back on Fed Renovation Criticism, Says $2.5B Project Is Infrastructure, Not Luxury
Federal Reserve Chair Jerome Powell dismissed claims of lavish spending on the central bank’s $2.5 billion headquarters renovation, telling lawmakers…
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Wall Street Stalls as Nasdaq Hits Record on Ceasefire Hopes, Powell Stays Cautious
Markets teetered Tuesday as the Nasdaq hit an intraday high on easing Middle East tensions, while Fed Chair Jerome Powell…
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Stocks Rally, Oil Drops as Israel–Iran Ceasefire Eases Market Pressure
The S&P 500, Dow, and Nasdaq all posted strong gains Tuesday, while oil prices fell over 6%. Behind the moves:…
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Nasdaq 100 Hits Record High as Fed Signals and Mideast Ceasefire Rebalance Risk
The Nasdaq 100 closed at 22,190.52, notching its first record since February. A Middle East ceasefire and dovish Fed remarks…
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Dollar Falls, Euro Hits 2021 High as Traders Pivot After Mideast Ceasefire
The U.S. dollar just hit a multi-year low, while the euro surged to levels not seen since 2021. Behind the…
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Spirit Warns JetBlue-United Deal Is a “Backdoor Merger,” Urges Regulators to Block It
Spirit Airlines has formally opposed a proposed partnership between JetBlue and United, arguing it amounts to a covert merger that…
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CareerBuilder + Monster Files for Bankruptcy in Breakup Sale to JobGet, Valnet, Valsoft
CareerBuilder + Monster, the once-dominant forces in online job search, have filed for Chapter 11 bankruptcy less than a year…
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Fed Signals No Rush on Rate Cuts as Tariff Uncertainty Clouds Outlook
Federal Reserve Chair Jerome Powell told Congress the Fed will hold rates steady amid inflation uncertainty driven by new tariffs.…
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Carnival Raises Outlook as Cruise Demand Holds, Bets Big on Private-Island Strategy
Carnival Corp. lifted its full-year profit forecast after posting stronger-than-expected Q2 revenue, fueled by solid cruise demand and rising onboard…
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T-Mobile to Launch Satellite App Access Nationwide by October
T-Mobile will begin offering satellite-powered messaging in July and full data service by October, marking a first for U.S. carriers.…
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