Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market. The Dow Jones Industrial Average slid 475.84 points,…
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Business
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Business
Trump Media director accused of ‘hacking’ files in attempted corporate ‘coup’, lawsuit alleges
Investment firms led by the former CEO of the SPAC that merged with Donald Trump’s media company allege that their files were hacked and stolen by a current member of the media company’s board of directors.…
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The price of Trump Media closed trading Friday down nearly 20% for the week. DJT shares, which dropped by more than 8% within the first hour of trading Friday, eked out a slight gain by the end of…
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Tesla has settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two who died after his Model X SUV, with Autopilot features switched on, crashed into…
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Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month. The stock closed down more than 8% Monday at $37.17 after falling about 11% earlier in…
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Wednesday’s inflation report showed consumer price growth continues to drift higher. The Bureau of Labor Statistics reported price growth accelerated to 3.5% in March, from 3.2% in February. Few categories had as big a jump…
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Inflation likely remained elevated once again for the month of March, adding another round of price increases to Americans’ already-strained wallets. On paper, the U.S. economy looks solid. The unemployment rate has now remained below 4%…
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Business
‘They can’t get it wrong again’: Economists are increasingly uncertain about Fed rate cuts this year
The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table. Friday’s jobs report reiterated the seemingly unwavering strength…
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Business
Do you buy packaged meat or bagged fruit from Walmart? You may be entitled to a settlement payment
If you bought packaged meat or bagged fruit from Walmart in the past five years or so, you may be eligible for a settlement payment. The retail giant has agreed in principle to pay back…
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Business
Trump Media stock erases all gains since it began trading as DJT shares fall another 11% Monday
Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month. As of Monday afternoon, the stock was priced at about $36 — down from a high…