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…
Editor's Pick
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…
President Biden delivered an approximately 11-minute address to the nation from the Oval Office on Wednesday. While sitting behind the Resolute Desk, surrounded by portraits of American presidents, Biden spoke…
Economy
Election integrity group dishes out $50K to whistleblowers, 6-figure Olympics ad buy: ‘We’re watching’
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A newly formed election watchdog nonprofit organization has started paying out tens of thousands of dollars in ‘bounties’ to election whistleblowers as part of its unique goal of promoting election…
Renewable energy demand will triple over the next seven years as data center growth accelerates to facilitate the proliferation of artificial intelligence, NextEra Energy CEO John Ketchum said Wednesday. NextEra added 3,000…
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Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
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Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield on the 10-year Treasury…
Economy
Biden says ‘The choice is up to you, the American people’ while saying he won’t seek re-election
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President Biden publicly addressed the nation on Wednesday night for the first time after announcing Sunday that he had withdrawn from his pending re-election. He cited things he has done…