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Stocks rise near records as oil surges on Russia sanctions
U.S. stocks climbed Thursday as oil prices jumped over 5% after Trump announced new sanctions on Russia’s crude industry.
Trump pardons Binance founder Changpeng Zhao
President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao, who served time for failing to prevent illegal crypto activity.
Shutdown fight renews debate over health subsidies
As the government shutdown drags on, Democrats and Republicans clash over extending Affordable Care Act tax credits.
Union Pacific profit rises 7% as merger push continues
OMAHA, Neb. (AP) — Union Pacific delivered 7% growth in its third-quarter earnings Thursday as its CEO continues to make the case for the potential benefits of acquiring one of the railroad’s eastern rivals. The Omaha, Nebraska-based railroad said it earned $1.79 billion, or $3.01 per share, in the quarter. That’s up from $1.67 billion, […]
Stocks, gold fall as Wall Street momentum fades
NEW YORK (AP) — U.S. stocks and the price of gold fell on Wednesday, as momentum on Wall Street reverses. The S&P 500 sank 0.5%, though it’s still within 1% of its all-time high set earlier this month. The Dow Jones Industrial Average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite […]
Meta cutting 600 AI jobs even as it continues to hire more for its superintelligence lab
MENLO PARK, Calif. (AP) — Meta Platforms is cutting roughly 600 artificial intelligence jobs even as it continues to hire more workers for its superintelligence lab, the company confirmed on Wednesday. Axios first reported the cuts, which will affect Meta’s Fundamental AI Research, or FAIR unit, as well as product-related AI and AI infrastructure units. […]
Reddit sues Perplexity, others for alleged data scraping
Reddit sued Perplexity AI and others, accusing them of scraping user content for profit and bypassing anti-scraping measures.
USDA reopens 2,100 offices to deliver $3B farm aid
The Agriculture Department will reopen about 2,100 county offices all across the country Thursday despite the ongoing government shutdown to help farmers and ranchers get access to $3 billion of aid from existing programs. The USDA said each Farm Service Agency office will have two workers who will be paid even though the government remains shutdown. These offices […]
Gold plunges $250 after hitting record high
Gold prices tumbled more than $250 Tuesday after hitting a record $4,374 per ounce, marking the biggest drop since 2011.
JPMorgan opens $3B Manhattan HQ redefining NYC skyline
JPMorgan Chase opened its new $3B, 60-story headquarters at 270 Park Avenue, a major post-pandemic architectural feat housing 10,000 employees.
