In late June, Gilead Sciences (GILD) stock surged following positive results of a late-stage trial for its latest HIV drug. The big market buzz was that Gilead was on the…
Editor's Pick
U.S. economy grew at a 2.8% pace in the second quarter, much faster than expected
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Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of…
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NBA says Amazon will be its new media partner, rebuffing Warner Bros. Discovery
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The National Basketball Association has rebuffed longtime media partner Warner Bros. Discovery’s bid to keep airing games after next season. The NBA told the media company it doesn’t believe it holds…
Economy
Karine Jean-Pierre praises Biden’s decision to exit 2024 race as ‘selfless act’
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In the second White House press briefing since President Biden announced he would not be seeking a second term in office, White House press secretary Karine Jean-Pierre insisted again his…
The House of Representatives voted along bipartisan lines to condemn Vice President Kamala Harris’ handling of the U.S. southern border, the first piece of legislation targeting Harris since she became…
Wednesday’s price action in the stock market indicated that fear is back. The Cboe Volatility Index ($VIX) closed up by over 22%, the biggest percentage move for the year. There’s…
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Stock market has worst day since 2022 as Tesla, Google parent Alphabet sink
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U.S. stocks had their worst day since 2022 on Wednesday amid a broad pullback in tech companies as Wall Street traders sought to reduce their exposure to firms that have…
Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose…
Economy
Trump’s new book ‘Save America’ chronicles first-term triumphs, outlines blueprint for a winning second
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Former President Trump is releasing his third official book since leaving office – a photo book filled with images to highlight the ‘great success’ of the U.S. under his leadership,…
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CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett
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At Berkshire Hathaway’s annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in…