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Recent Articles from Associated Press
Trump administration eyes 10% stake in Intel amid US chip push
The Trump administration is negotiating a 10% stake in Intel by converting CHIPS Act grants. The move deepens U.S. government involvement in semiconductors as Trump pressures chipmakers to boost domestic production.
Lowe’s to buy Foundation Building Materials for $8.8 billion
Lowe’s is acquiring Foundation Building Materials for $8.8 billion, strengthening its push into the professional builder market as it battles Home Depot.
Target taps longtime executive as new CEO amid sales slump
Target names 20-year veteran Michael Fiddelke as CEO, succeeding Brian Cornell, as the retailer faces weak sales, messy stores and rising competition.
Home Depot Q2 sales rise but miss Wall Street forecast
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations. The Atlanta-based company also said shoppers should expect modest price increases in some categories as a result of rising tariff costs, though they won’t be broad-based. [...]
Nexstar Media Group buying Tegna in deal worth $6.2 billion
Nexstar Media Group is buying Tysons-based broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings. The transaction, if approved, will bring together two major players in U.S. television and the country’s local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide today and also […]
Wall Street holds near its record heights
Stocks hovered near record highs Monday as investors awaited Fed Chair Jerome Powell’s speech and key earnings from Walmart, Target and Home Depot.
FDA’s new expert panels are rife with financial conflicts and fringe views
FDA Commissioner Marty Makary is using informal expert panels on antidepressants, menopause drugs and talc, raising conflict-of-interest concerns.
Cable’s MSNBC will change its name later this year as part of corporate divorce from NBC
MSNBC will rebrand as MS NOW, or My Source News Opinion World, dropping NBC ties and peacock logo as it charts an independent course.
Wall Street drifts around its records following a worldwide rally
U.S. stocks hover near records as Fed rate cut hopes grow; S&P 500, Dow, and Nasdaq rise, global markets rally, and bond yields fall.
Canada’s Gildan Activewear is buying HanesBrands for $2.2 billion
Gildan Activewear is acquiring HanesBrands for $2.2B, gaining brands like Hanes and Maidenform as the apparel maker faces years of declining sales.
