Sign In
Free Newsletter
Powell signals more Fed rate cuts amid hiring slowdown
Fed Chair Jerome Powell said slowing hiring raises risks for the U.S. economy, signaling two more rate cuts are likely this year.
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth [...]
Oracle and AMD expand AI partnership to keep up with demand
WASHINGTON (AP) — Oracle and Advanced Micro Devices are expanding their partnership with the deployment of 50,000 AMD graphic processing units beginning in the third quarter of 2026 with further expansion to follow. The so-called AI “supercluster” is a massive, interconnected group of high-performance computers designed to[...]
IMF raises U.S., global growth outlook despite tariffs
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging. The United States’[...]
OpenAI partners with Broadcom to design custom AI chips
OpenAI and Broadcom will co-develop custom AI chips set to launch in 2026, expanding OpenAI’s efforts to build its own hardware.
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shake-ups and a sluggish start to 2025 drove them to seek new opportunities, according to th[...]
Retailers scale back holiday hiring amid tariffs, slowdown
Retailers delay and reduce holiday hiring as tariffs, economic uncertainty and a government shutdown weigh on consumer spending.
LendingTree CEO and founder Doug Lebda dies in ATV accident
NEW YORK (AP) — LendingTree CEO and founder Doug Lebda died in an an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. In a company announcement, LendingTree confirmed that Lebda unexpectedly died on Sunday and that its leadership “deeply mourns his passing” while extending condolences[...]
First Brands CEO James resigns amid bankruptcy process
(Reuters) -First Brands said on Monday founder Patrick James had stepped down as CEO and will be succeeded by Chief Restructuring Officer Charles Moore on an interim basis, as the auto parts maker advances its Chapter 11 bankruptcy process. The Ohio-based company, which makes filters, brakes and lighting systems, filed for bankr[...]
Trump threatens new China tariffs over rare earth limits
Trump warned of a “massive” tariff hike after China restricted rare earth exports, reigniting trade war tensions and market fears.
New York AG Letitia James charged with mortgage fraud over Norfolk home
New York AG Letitia James was indicted on mortgage fraud after Trump pushed DOJ to pursue charges against his political foes.
New H-1B visa fee threatens rural health care, education
Rural U.S. communities warn the new $100K H-1B visa fee could worsen shortages in health care and education by limiting immigrant workers.
