Dollar Surges to Best Week Since June on Higher Rate Outlook
The dollar staged its biggest weekly advance in more than three months after the US central bank signaled more interest-rate hikes are to come.
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McDonald's is the new 'Value Meal,' says trader Mike Khouw
McDonald's announced this week that it is revising its U.S. value strategy after recording its slowest sales growth in more than a year.
Ticket prices rise for Macklemore solo concert after Ed Sheeran tour removal
Ticket prices are rising for Macklemore's upcoming solo concert after the rapper was removed from Ed Sheeran's tour for making pro-Palestine comments.
SpaceX scores another $950 million from NASA for 3 more crewed flights to ISS
SpaceX is getting an extension to an existing contract that will allow three additional crewed Dragon flights to the International Space Station.
JPMorgan, Citigroup CEOs attending Trump's state dinner for China's Xi: Sources
Dimon and Fraser join OpenAI CEO Sam Altman, Nvidia chief Jensen Huang and others who are reportedly planning to attend the Trump-Xi state dinner.
Auto industry urges Trump to bar Chinese automakers in U.S. ahead of Xi visit
Leaders of six major auto trade groups joined to sign a letter to the president.
Anthropic and OpenAI need truly independent safety evaluators, experts say in public letter
A coalition of over 100 AI experts are urging independence and transparency from Anthropic, OpenAI and other foundation model labs to conduct evaluations.
BOJ's Ueda Balances Between Japan's Takaichi and US Treasury's Bessent
Ueda hiked rates as the US Treasury chief wanted, but he’s under pressure from his own government too
Disney names CTO for the first time as media giant expands tech push
Disney has hired a chief technology officer, a newly minted role for the company, as it looks to further its embrace of tech under CEO Josh D'Amaro.
Wendy's franchisee files for Chapter 11 bankruptcy protection as burger chain struggles
One of Wendy's biggest U.S. franchisees, Meritage Hospitality Group, filed for Chapter 11 bankruptcy protection.
Yen Pares BOJ-Fueled Declines as Nikkei Reports a Rate Check
The yen pared declines on Friday, with the Nikkei newspaper reporting that the Bank of Japan inquired with market participants about exchange-rate levels, a step often seen as a precursor to official intervention.
Specialty Insurer Orion180 Falls 2.8% After $240 Million IPO
Orion180 Insurance Group Inc. fell 2.8% in its first day of trading after the company raised $240 million from its initial public offering.
Fed’s Schmid Backed Rate Hike, Says Inflation Goes Beyond Energy
Federal Reserve Bank of Kansas City President Jeff Schmid said he supported this week’s interest-rate increase as a necessary step to tame high inflation that’s being driven by more than just rising oil prices.
Sportsbooks remain king this football season, but upstarts are making a run for the money
"Prediction markets are growing the overall market — at least for now," said Chris Grove, partner emeritus at Eilers & Krejcik Gaming.
StubHub shares tick higher for third day in a row after Citi upgrade
Analyst Jason Bazinet raised his rating to buy from neutral.
Treasuries Fall as Fed Rate-Hike Outlook Dents Sentiment
Treasuries fell as anticipation of additional Federal Reserve interest-rate hikes drove investors into wagers on rising yields for short-maturity debt.
Rep. Chip Roy doesn't want to regulate AI, but says Congress should have an oversight role
In an appearance on CNBC's "Squawk Box," Rep. Chip Roy, R-Texas, said he supports congressional hearings on AI, but wasn't keen on additional regulations.
Screwworm Reappears in New Mexico Ahead of Port Reopening
The New World screwworm resurfaced in New Mexico just as a major gateway for Mexican cattle imports is poised to open in the state.
US Factory Output Unexpectedly Fell for First Time This Year
US factory output unexpectedly declined for the first time this year as production of business equipment cooled and manufacturers grappled with higher input costs.
Social Security reform plans could sway voters in battleground Senate races, survey finds
Senators elected this November will be in office when Social Security's retirement trust fund is projected to run dry.
ECB Officials Pave Way for More Tightening as Inflation Worsens
European Central Bank officials are preparing the ground for further monetary tightening, signaling another move is possible as soon as October to tackle intensifying inflation pressures.
AI stock swings could affect your 401(k). Here’s what retirement savers need to know
Retirement savers may be affected by swings in the artificial intelligence trade. Here is how to assess the risk without making a rash move.
Dutch Aim to Allay Belgian Concern Over Frozen Russian Assets
Dutch Finance Minister Eelco Heinen is working to allay Belgium’s concerns about using Russian assets frozen in the European Union to support Ukraine.