US News

Pavlo Gonchar | Lightrocket | Getty Images The stock price of Trump Media has nearly been cut in half in the roughly three weeks since a New York jury convicted the company’s majority owner, former President Donald Trump, of criminal charges. Shares of the company behind Truth Social, which trades on the Nasdaq Stock Market

Treasury yields were little changed Friday as traders pored through the latest U.S. economic data in search of clues for when the Federal Reserve may cut rates. The 10-year Treasury yield was 1 basis points higher at 4.267%. The 2-year Treasury note yield was also a basis point higher at 4.739%. Yields and prices move

Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While Darden itself hasn’t benefited from the shift, its competitors, like Chili’s owner Brinker International and

U.S. Treasury bond yields rose Thursday as investors weighed fresh economic data indicating further signs of a slowing economy. The 10-year Treasury yield added 4 basis points to 4.257%. The 2-year was up 3 basis points at 4.733%. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. Initial jobless claims

Kristalina Georgieva, chief executive officer of the World Bank Group, arrives to a briefing at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, April 19, 2024. Bloomberg | Bloomberg | Getty Images The head of the International Monetary Fund on Thursday called on Europe to

File photos: “For Sale” sign Brandon Bell | Getty Images Consumers seemed unimpressed by the latest drop in mortgage rates. Total mortgage application volume rose just 0.9% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550

Ilya Sutskever, Russian Israeli-Canadian computer scientist and co-founder and chief scientist of OpenAI, speaks at Tel Aviv University in Tel Aviv, June 5, 2023. Jack Guez | AFP | Getty Images OpenAI co-founder Ilya Sutskever, who left the artificial intelligence startup last month, introduced his new AI company, which he’s calling Safe Superintelligence, or SSI.

Omar Marques | Lightrocket | Getty Images The stock price of Trump Media plunged by more than 17% in after-hours trading Tuesday after the Truth Social app owner said its registration of additional shares had been declared effective by the Securities and Exchange Commission. Trump Media, which trades under the DJT ticker, had seen its

An Amazon warehouse Getty Images California’s labor regulator on Tuesday said it fined Amazon nearly $6 million for violating a state law aimed at curtailing the use of onerous warehouse productivity quotas. The California Labor Commissioner’s Office said it investigated two Amazon facilities in Moreno Valley and Redlands, both located east of Los Angeles, and

Boeing’s CEO Dave Calhoun and chief engineer Howard McKenzie turn to face those who lost loved ones in fatal crashes as they testify before a Senate Homeland Security and Governmental Affairs Committee Investigations Subcommittee hearing on the safety culture at Boeing, on Capitol Hill in Washington, U.S., June 18, 2024.  Kevin Lamarque | Reuters WASHINGTON

Former US President Donald Trump leaves the courthouse after a jury found him guilty of all 34 felony counts in his criminal trial at New York State Supreme Court in New York, New York, USA, 30 May 2024. Trump faced 34 felony counts of falsifying business records related to payments made to adult film star

U.S. Treasury bond yields rose Tuesday as investors traders looked ahead to May retail sales data for insights into the health of the consumer. The 10-year Treasury yield was under a basis point higher at 4.2808%. The 2-year Treasury note yield was also up by less than a basis point to 4.7629%. Yields and prices

Zoom In IconArrows pointing outwards Merck’s new pneumococcal vaccine. Courtesy: Merck The Food and Drug Administration on Monday approved Merck‘s new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung infection called pneumonia, the drugmaker said. Merck’s shot, called Capvaxive, specifically protects against 21 strains

U.S. Treasury bond yields ticked higher Monday, following comments by Minneapolis Federal Reserve President Neel Kashkari indicating the central bank may not cut rates until December. The 10-year Treasury yield was trading more than 7 basis points higher at 4.289%. The 2-year Treasury note yield was also up around 6 basis points at 4.744%. Yields

Jeffrey Smith, CEO and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company’s board in recent weeks over a number of serious concerns involving its disclosures around an

Paul Nakasone, director general of the National Security Agency, testifies during a hearing of the Senate Select Committee on Intelligence about worldwide threats, on Capitol Hill in Washington, April 14, 2021. Saul Loeb | Pool | Reuters OpenAI on Thursday announced its newest board member: Paul M. Nakasone, a retired U.S. Army general and former

Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer Linda Dimyan | CNBC Adobe shares jumped 17% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates and lifted full-year guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.48 adjusted, vs.