Author: Daniel snow
[ad_1] Sales of existing homes inched up slightly in May but remained depressed as buyers shied away from a housing market that features painfully high interest rates and home prices. [ad_2] Source link
[ad_1] Michelle Bowman, incoming vice chair for supervision at the US Federal Reserve, arrives for a Psaros Center for Financial Markets and Policy event at Georgetown University in Washington, DC, US, on Friday, June 6, 2025. Bloomberg | Bloomberg | Getty ImagesFederal Reserve Governor Michelle Bowman said Monday she would favor an interest rate cut at the next policy meeting in July so long as inflation pressures stay muted.In remarks for a speech in Prague, Bowman became the second central banker in recent days to suggest that President Donald Trump’s tariffs are likely to have a temporary and muted impact…
[ad_1] Hims & Hers Health Inc.’s stock fell sharply on Monday after pharmaceutical giant Novo Nordisk, maker of the weight-loss drug Wegovy, said it was ending a collaboration with the telehealth-consultation company less than two months after it started. [ad_2] Source link
[ad_1] A Tesla Inc. robotaxi on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. TTim Goessman | Bloomberg | Getty ImagesTesla’s driverless robotaxi finally hit the road this weekend, sending shares of the electric vehicle maker up about 5% on Monday.The EV giant debuted autonomous rides in Austin, Texas, on Sunday, opening the service to a limited number of riders by invitation only. CEO Elon Musk said in a post on social media platform X that customers were charged a flat fee of $4.20.”Super congratulations to the @Tesla_AI software & chip design teams on a successful @Robotaxi…
[ad_1] The cost of doing business for U.S. companies rose in June at the second fastest pace in two and a half years, a pair of S&P surveys showed, reflecting ongoing inflation pressures tied to high Trump administration tariffs. [ad_2] Source link
[ad_1] U.S. President Donald Trump talks to reporters upon his arrival at Morristown Municipal Airport in Morristown, New Jersey, U.S., June 20, 2025. Ken Cedeno | ReutersPresident Donald Trump on Monday demanded that “everyone” needs to “keep oil prices down” or they would play “into the hands of the enemy.” “EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!,” the president said in a post on his social media platform Truth Social. Trump’s message comes after his decision to bomb Iran’s key nuclear sites over the weekend has put the…
[ad_1] An analyst issues bullish $421 price target for Coinbase’s stock, while Fiserv’s stock moves up as stablecoin products roll out. [ad_2] Source link
[ad_1] U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland, U.S., June 10, 2025. Evelyn Hockstein | ReutersTrump Media & Technology Group, the parent company of Truth Social, Truth+, and the fintech platform Truth.Fi, said Monday its board has approved a stock buyback of up to $400 million.Trump Media stock rose about 3% on the news premarket.The Florida-based company, which trades under the ticker DJT on both Nasdaq and NYSE Texas, said the buyback could include both common stock and warrants, executed through open market transactions. All…
[ad_1] The company logo for Vultr is displayed during the Tech Show at ExCel London on March 12, 2025 in London, England. Industry leaders, pioneers, and innovators gather to explore transformative solutions, gain critical insights including the latest advancements across Cloud & AI Infrastructure and connect with over 400 world-class speakers.John Keeble | Getty ImagesVultr, a provider of cloud infrastructure, said on Monday that it has raised $329 million in new debt from some of the largest Wall Street banks as it aims to expand its ability to host and run artificial intelligence models.Bank of America, Citigroup, Goldman Sachs, JPMorgan…
[ad_1] With his touching gesture, Haliburton did what all great leaders do: He put the needs of his team ahead of his own. [ad_2] Source link