TAG · Economy
U.S. stocks rebounded Monday, recovering from Friday’s selloff, as an initial surge in oil prices on renewed Iran-Israel fighting eased after Iran said it had ended its strikes against Israel. The Nasdaq composite rose more than 1% in…
3 MIN READSouth Korea's benchmark KOSPI index plunged 8.3% on Monday as investors dumped semiconductor shares amid renewed doubts about artificial intelligence profitability and concerns that the U.S. Federal Reserve could raise interest rates. The…
3 MIN READNippon Steel plans to invest $2 billion to $2.5 billion over three years to replace the 88-year-old hot-strip mill at U.S. Steel's Mon Valley Works near Pittsburgh, a project that company executives said will keep the aging plant operating…
4 MIN READThe Pentagon on Monday added roughly two dozen Chinese companies — including e-commerce and cloud giant Alibaba, search and AI firm Baidu, and electric vehicle maker BYD — to its annual list of businesses the U.S. identifies as aiding…
4 MIN READTrading begins Friday in SpaceX's initial public offering, the largest stock sale of its kind in history, in a milestone that is expected to make founder Elon Musk the world's first trillionaire and open one of the most closely held…
3 MIN READMajor U.S. stock indexes mostly rose Monday as semiconductor stocks rebounded sharply, with Intel shares surging 11% on reports that Google and Nvidia are considering Intel as a backup chip-making option. The S&P 500 rose 0.3% to close at…
3 MIN READOpenAI, the company behind ChatGPT, has confidentially filed paperwork with the Securities and Exchange Commission to begin the process of an initial public offering, the company said Monday. The filing tests investor appetite for a…
3 MIN READVail Resorts on Monday lowered its full-year net income forecast for the second time, citing historically challenging weather conditions across the western United States that cut skier visits by nearly 16% in its fiscal third quarter.
3 MIN READShares of European semiconductor companies posted mixed results on Monday, days after a broad selloff in AI-related stocks, as renewed Middle East tensions added to investor uncertainty. Dutch chip-equipment maker ASML Holding fell 1% and…
5 MIN READInitial public offerings deliver average first-day gains of about 19% for investors who buy at the offering price, but historical data shows that buying an IPO at the end of its first trading day and holding it for three years…
3 MIN READU.S. food ingredients maker Ingredion has agreed to acquire British rival Tate & Lyle for £2.7 billion ($3.6 billion) in cash, a deal that could eliminate nearly 500 jobs and marks another high-profile exit from the London stock market.
3 MIN READStock markets across Asia-Pacific fell sharply on Monday, with South Korea's KOSPI index sliding nearly 9% before trading was briefly halted, as investors reacted to a confluence of risks including a flare-up in Middle East hostilities,…
3 MIN READThe average 30-year fixed mortgage rate stood at 6.48% as of June 4, remaining near recent highs as homebuyers contend with persistent borrowing costs, according to Freddie Mac. The Federal Reserve's ability to lower mortgage rates is…
3 MIN READAmericans have not stopped spending since the Iran war drove gasoline prices higher, but many are subtly altering their buying routines — shopping less at clothing and furniture stores, changing how they fill up at the pump — and…
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Raj Bhakta, a former contestant on NBC's "The Apprentice," is giving away the Green Mountain College campus in Poultney, Vermont, after abandoning plans for a resort development. Bhakta, who bought the 115-acre property in 2020 for less…
4 MIN READA year-long BBC investigation has found that organized crime has deeply infiltrated Britain's High Streets, with thousands of shops serving as fronts for money laundering, illegal tobacco sales, and drug dealing. The National Crime Agency…
3 MIN READU.S.-stock mutual funds and exchange-traded funds have posted an 11.5% total return so far in 2026, driven by a two-month rally in chip-company shares that has pushed the S&P 500 through its strongest nine-week winning streak in 75 years,…
3 MIN READThe average vehicle on U.S. roads is about 13 years old, a historic high, as drivers hold onto cars longer due to high prices, elevated interest rates and improved vehicle durability. The shift is reshaping the economics of the auto…
3 MIN READThe U.S. and Iran have struggled for weeks to finalize a preliminary agreement to end their war, with Tehran's demand for early access to tens of billions of dollars in frozen assets emerging as a central obstacle, according to officials…
3 MIN READBillionaire father-and-son hoteliers Robert and Blake Rowling are waging a takeover fight for the Greenbrier, the historic West Virginia resort owned by U.S. Sen. Jim Justice. The Rowlings, who own Omni Hotels & Resorts, paid $289 million…
5 MIN READSenior U.S. officials have discussed having the federal government take equity stakes in major artificial-intelligence companies, according to people familiar with the matter, after OpenAI Chief Executive Sam Altman pitched the idea to the…
3 MIN READAttorneys general from as many as 10 states are preparing to file an antitrust lawsuit in the coming weeks to block the proposed $111 billion merger of Paramount Skydance and Warner Bros. Discovery, according to reports from the Los…
3 MIN READStifel analysts initiated coverage of FedEx Freight, the newly independent less-than-truckload carrier spun off from FedEx on June 1, citing a recovery in the U.S. industrial economy that could boost freight demand. The analysts said the…
3 MIN READCryptocurrency markets entered 'extreme fear' territory Friday as Zcash plunged 27% on news of a coding exploit, while European technology stocks fell and major companies released mixed earnings updates. The crypto fear index dropped to 17…
4 MIN READCrude palm oil fell for a second session Friday amid weakness in soybean oil and soft export demand, while Lynas Rare Earths appointed an interim CEO and analysts issued varied calls on mining stocks including BHP, Deep Yellow and…
3 MIN READMore than 60,000 Wall Street Journal readers tested their personal finance knowledge against high school students in a quiz based on the National Personal Finance Challenge, the Journal reported Friday. The Mt. Hebron High School team from…
3 MIN READSpaceX is set to go public with a $1.75 trillion valuation, but the rocket and satellite company lost a crucial advantage on Thursday when S&P Dow Jones Indices said it would not fast-track the shares into the S&P 500 index. Without…
4 MIN READNew York City's new commissioner of consumer and worker protection, Samuel AA Levine, is launching an aggressive campaign against junk fees and deceptive subscription practices, warning that the United States has suffered a decades-long…
3 MIN READAs SpaceX prepares for its initial public offering this month, investors are looking beyond Elon Musk's company to other space economy players. Rocket Lab, a Nasdaq-listed launch provider, has emerged as a leading contender with a growing…
3 MIN READThe largest U.S. banks plan to launch a tokenized deposit network in the first half of 2027, an effort to counter the threat from crypto companies and stablecoins, according to a person familiar with the plan reported by The Wall Street…
3 MIN READSecretary of State Marco Rubio told lawmakers Tuesday that South Korea's treatment of American companies, including regulatory actions against Meta and Coupang, has hampered Washington's ability to conclude a trade agreement with Seoul.
3 MIN READThe Securities and Exchange Commission last week proposed withdrawing a 2024 regulation that would have required publicly traded companies to disclose greenhouse gas emissions and climate-related business risks, beginning the final stage…
3 MIN READA South Carolina man bought a $3 scratch-off ticket while driving a family member to a medical appointment and won a $75,000 prize, lottery officials said.
3 MIN READParaguay is positioning itself as a stable investment destination as companies and investors restructure their supply chains amid mounting global uncertainty, according to analysis published June 4 by United Press International. Paraguayan…
3 MIN READThe Guardian, a British national daily, launched a callout Thursday asking Americans to share their experiences with difficult consumer situations, from faulty products and refund issues to unresponsive customer service.
3 MIN READAndrew Left, a prominent short seller known for betting against companies including Evergrande, was convicted of securities fraud on June 2, a verdict that has unsettled the activist investing community and raised new questions about how…
3 MIN READSpanish hotel chain Meliá will cease operations at 15 of the 34 hotels it manages in Cuba, citing corporate responsibility and external factors that have affected the operation, legality and security of the establishments, according to…
3 MIN READElevated gasoline prices, fueled by the U.S.-Israel conflict with Iran, drove a 33% year-over-year jump in hybrid vehicle sales in May, according to data from Motor Intelligence, as American car buyers sought fuel savings without the…
3 MIN READBen Black, the Senate-confirmed head of the U.S. International Development Finance Corporation (DFC), had years of personal and business interactions with the late convicted sex offender Jeffrey Epstein, according to emails released by the…
4 MIN READColorado Governor Jared Polis on Tuesday vetoed a bill that would have banned companies from using surveillance pricing to set wages and consumer prices, rejecting what would have been the strongest such measure in the nation.
3 MIN READThe UK government will provide £1.3bn in public funding to help Comcast build Universal’s first European theme park on a former brickworks site near Bedford, Chancellor Rachel Reeves announced Wednesday.
3 MIN READSpaceX has set an estimated share price of $135 for its upcoming initial public offering, according to a filing with the Securities and Exchange Commission, valuing the company at roughly $1.75 trillion. The company expects to begin…
4 MIN READThe longest winning streak in a year has pushed the S&P 500 above 7,600, but financial researchers say the party for volatile, high-flying stocks may be nearing an end. Decades of research into the “Low Beta Anomaly” suggest that boring,…
4 MIN READThe United States on Tuesday sanctioned Iran's largest digital asset platform, Nobitex, along with three other exchanges, the Treasury Department announced, accusing the platforms of processing more than half of Iran's digital asset…
3 MIN READAsian hotel chain Archipelago International has ended its operations in Cuba under the Aston brand, becoming the third international hospitality operator to exit the island in less than a week ahead of a Friday deadline for foreign…
3 MIN READShake Shack scaled back its second-quarter financial guidance on Tuesday, projecting revenue of $415 million to $420 million and same-store sales growth of 2.5% to 3%, as Chief Executive Rob Lynch cited macroeconomic uncertainty and a…
3 MIN READEurozone households expected consumer prices to rise 4% over the next 12 months in April, unchanged from March and well above levels recorded before the conflict in the Middle East, according to a European Central Bank survey published…
3 MIN READEasyJet formally rejected a potential takeover bid from US investment fund Castlelake on Monday, calling it "highly opportunistic" and citing stock prices depressed by Middle East conflict and rising jet fuel costs. Castlelake disclosed it…
3 MIN READArtificial intelligence company Anthropic said Thursday it raised $65 billion in private funding that pushes its valuation to $965 billion, vaulting the five-year-old maker of the Claude chatbot past chief rival OpenAI in market value and…
3 MIN READThe number of Americans filing for unemployment benefits rose by 5,000 last week to 215,000, though layoffs remain near historic lows even as the Iran war casts uncertainty over the U.S. economic outlook, the Labor Department reported…
3 MIN READThe U.S. Postal Service announced Thursday it has finalized a multi-year, $10 billion agreement to handle last-mile delivery for DHL eCommerce, the e-commerce arm of German logistics giant DHL.
3 MIN READTilman Fertitta, the billionaire hospitality mogul and U.S. ambassador to Italy, is acquiring Caesars Entertainment in a deal valued at $17.6 billion, the Associated Press reported Wednesday. Fertitta Entertainment will pay $5.7 billion…
3 MIN READOhio Gov. Mike DeWine suspended a sales-tax exemption for data centers on Wednesday, citing projections that show the cost of the break has soared far beyond original estimates, as the AI-driven data center boom intensifies scrutiny of…
3 MIN READWalmart reported strong first-quarter sales on Thursday as inflation-weary U.S. consumers across income levels turned to the discounter for low-priced groceries and quick delivery. But the retailer offered a weaker-than-expected forecast…
3 MIN READU.S. stocks extended their rally to an eighth consecutive winning week on Friday, the longest since 2023, even as the University of Michigan’s consumer sentiment index plunged to a record low and households braced for higher inflation…
3 MIN READWalmart reported a robust first‑quarter, with U.S. comparable sales up 4.1% and online sales jumping 26%, but the retailer warned that soaring gasoline prices and broader economic uncertainty could curb growth later this year. Chief…
4 MIN READWall Street bounced back Wednesday as pressure eased in bond markets and oil prices fell from recent highs. The S&P 500 rose 1.1% for its first advance in four days, while the Dow gained 645 points and the Nasdaq jumped 1.5%.
3 MIN READAt least nine companies are in talks with the U.S. government for access to seabed minerals a year after President Donald Trump signed an executive order pushing to build a domestic deep-sea mining industry from scratch, an Associated…
4 MIN READSpaceX has filed a 250-page prospectus for what could be the largest initial public offering in history, revealing plans for interplanetary travel and spending that exceeds the economic output of some countries. The IPO is expected to…
3 MIN READJapan’s exports rose 14.8% in April from a year earlier, driven by a surge in semiconductor shipments, according to Japan’s Finance Ministry data released Thursday. Imports also increased, but oil imports fell sharply as the war in Iran…
3 MIN READMedia scion James Murdoch has struck a deal with Vox Media to acquire New York magazine, the Vox Media Podcast Network and the Vox editorial brand, according to a report by the Associated Press. The transaction, expected to close within…
3 MIN READThe bond market, a typically steady corner of Wall Street, is flashing warning signals as yields rise to multi-year or even multi-decade highs. The higher borrowing costs are weighing on stocks and influencing policy expectations as…
3 MIN READA new analysis projects a significant decline in Affordable Care Act enrollment due to rising healthcare costs and the expiration of subsidies. The KFF report estimates that nearly 5 million Americans could lose their ACA coverage this…
3 MIN READU.S. stocks bounced back Wednesday, with the S&P 500 rising 1.1% for its first gain in four days after easing yields in the bond market and falling oil prices provided relief from the recent sell-off.
3 MIN READThe Supreme Court on Monday rejected appeals from pharmaceutical companies challenging the federal government's authority to negotiate prices for high-cost drugs in Medicare, leaving in place lower court rulings that upheld the program…
3 MIN READPresident Donald Trump placed more than 3,600 stock trades during the first three months of 2026, according to a federal ethics filing, including as much as $6 million in Nvidia and shares of defense contractors whose profits his…
4 MIN READGoogle announced a new proactive AI assistant, Gemini Spark, and a suite of agentic AI tools at its annual I/O developers conference Tuesday, marking a major push into autonomous AI systems as the company's user base for its existing AI…
3 MIN READA federal jury in Oakland, California, on Monday rejected Elon Musk's claims against OpenAI, ruling that Musk filed his lawsuit too late to challenge the ChatGPT maker's shift from a nonprofit to a for-profit structure. The verdict allows…
4 MIN READU.S. stock markets slipped further from record highs on Tuesday, May 19, 2026, as Treasury yields climbed and oil prices fluctuated amid ongoing tensions in the Strait of Hormuz. The S&P 500 fell 0.7% for a third straight loss, the Dow…
3 MIN READThe U.S. stock market extended its retreat from all-time highs on Tuesday, with major indexes posting a third straight day of losses, as bond markets rattled by high inflation and oil-price swings tied to the Iran war continued to pressure…
3 MIN READThe Supreme Court on Monday rejected appeals from pharmaceutical companies challenging the federal government’s authority to negotiate Medicare prescription-drug prices. The justices left in place rulings by a federal appeals court in…
3 MIN READHome Depot’s first-quarter profit fell from a year earlier, but the home-improvement retailer beat Wall Street expectations as it saw support from both homeowners stocking up for spring and professional customers. The company said demand…
3 MIN READUS stocks fell again Tuesday, giving back more of a record-setting rally as bond markets priced in higher inflation and sent Treasury yields higher. The S&P 500 lost 0.7% for a third straight day of declines, while the Dow fell 0.6% and…
3 MIN READHungary said it would block the European Union's 20th sanctions package against Russia unless Russian oil shipments resumed through a pipeline crossing Ukraine. The announcement, delivered by Foreign Minister Péter Szijjártó in a video…
4 MIN READHome Depot reported a decline in first-quarter profit compared to a year ago, but results still exceeded Wall Street forecasts as purchases by professional contractors and spring buying by homeowners offset pressure from a sluggish housing…
3 MIN READPresident Donald Trump said Monday that more than 600 generic medications are being added to TrumpRx, the government’s discounted-drug website. The expansion, announced at the White House, would increase the site’s catalog nearly sevenfold…
3 MIN READIn January, French President Emmanuel Macron wore sunglasses at the Davos summit to address a medical issue with his right eye, but the eyewear sparked viral memes, an AI-generated spoof video set to "Top Gun" music, and a stock jump for…
4 MIN READRyanair CEO Michael O'Leary on January 21 dismissed Elon Musk's idea of purchasing the budget airline, brushing off insults as a public feud escalated over whether to install Starlink satellite Wi-Fi on aircraft. O'Leary told an Irish…
4 MIN READChina has agreed to ramp up purchases of U.S. agricultural products such as beef and poultry following President Donald Trump’s summit with Xi Jinping in Beijing, the White House announced. The agreements call for China to buy about $17…
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