By Ankita Yadav (Reuters) -Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as U.S. President Donald Trump clashes with the Federal Reserve to exert influence on monetary policy. Trump’s persistent criticism of the Fed board and Chair Jerome Powell for not lowering interest rates, his attempt…
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 posted a closing record high on Thursday as labor market data did not change expectations for an interest rate cut by the Federal Reserve, a day ahead of the key U.S. monthly jobs report. Also boosting the market were shares of Broadcom, Amazon and Meta Platforms….
(Reuters) -Gap said on Thursday it would expand into the fast-growing beauty and personal care segment this fall season, including some sold under the Old Navy brand. The move by the Banana Republic parent marks a shift in strategy to diversify revenue streams beyond its core apparel business at a time of tariff costs and…
By Doyinsola Oladipo NEW YORK (Reuters) -JetBlue Airways said on Thursday it will partner with Amazon subsidiary Project Kuiper, a low Earth orbit satellite broadband internet network, to improve its onboard Wi-Fi starting in 2027. U.S. air carriers, seeking ways to win over consumers, are broadly investing in onboard Wi-Fi. JetBlue, Kuiper’s first airline partner,…
By Mike Scarcella (Reuters) -Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence. Apple and OpenAI have “locked up markets to maintain their monopolies and prevent innovators like X and xAI…
By David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -Intel said on Monday that the U.S. government’s 9.9% stake in the chipmaker could pose risks to its business, from potentially harming international sales to limiting its ability to secure future government grants. The company laid out new risk factors in a securities filing after the government decided…
By Frank Pingue (Reuters) -The NFL has tapped its roster of retired players to help keep the current crop from fumbling away their careers over gambling violations — enlisting former gridiron veterans to deliver the message that betting and football simply do not mix. Sabrina Perel, the NFL’s vice president and chief compliance officer, said…
By Diana Novak Jones (Reuters) -Kraft, Mondelez, Coca-Cola, and several other major food companies have beaten a lawsuit accusing them of designing “ultra-processed” foods to be addictive to children, causing chronic disease. U.S. District Judge Mia Perez in Philadelphia granted the companies’ motion to dismiss on Monday after finding that the plaintiff in the case,…
Where Opportunity Hides in Plain Sight In today’s market, the spotlight tends to shine on mega-cap tech giants trading at sky-high valuations. But savvy investors know that some of the most exciting opportunities lie elsewhere—among lesser-known Nasdaq-listed companies still trading under $50. These stocks may lack the buzz of household names, but many are backed…
By Joey Roulette WASHINGTON (Reuters) – Boeing’s troubled Starliner capsule that left two NASA astronauts on the International Space Station last year may need to fly a third uncrewed test flight before it carries astronauts again, agency officials said as the spacecraft’s first crew had to return to Earth on a SpaceX capsule this week….
