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 after the closing bell. As of Wednesday’s close, Chipotle’s stock had slid 17% this month, hurt by investor concerns about the health of the restaurant […]Read More
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 made big bets on artificial intelligence. The tech-heavy Nasdaq index closed down 3.6%, while the broader S&P 500 index closed down 2.3% — both their […]Read More
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 fact, it advised insurance agents to only sell cyber policies if they absolutely had to do so to satisfy a client, and to expect losses. […]Read More
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 note has been lower than most of its shorter-dated counterparts since that time — a phenomenon known as an inverted yield curve which has preceded nearly […]Read More
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 megawatts of renewable and storage projects to its order backlog in the second quarter. Of those, 860 megawatts — or 28% — come from agreements […]Read More
As soon as it became clear that Vice President Harris was going to emerge as the likely Democratic presidential nominee, a certain knowing joke emerged almost simultaneously on social media: images of various “whites” — white wines, white paint chips, white crackers — with captions implying that these were Harris’s vice-presidential choices. “Kamala’s VP options,” […]Read More
For almost six months, Democrats struggled with a strange paradox in which President Biden lagged behind in critical states while their Senate candidates built clear leads in those same battlegrounds. Even after Biden’s disastrous debate performance at the end of June, Sen. Bob Casey (D-Pa.) had an 11 percentage-point lead overhis GOP foe, David McCormick, […]Read More
It had the feeling of a fond farewell. There wasn’t a heavy dose of bitterness, and there was more than a hint of pride. But the man who has probably given more eulogies than any other U.S. politician had a significant amount of wistfulness tucked inside his Oval Office address. A bit like he is […]Read More
A year before J.D. Vance was elected to the Senate, he advocated for a novel way to enhance the political strength of families — by giving parents the ability to cast tens of millions of additional votes on behalf of their children. Vance, now the Republican nominee for vice president, in a 2021 speech called […]Read More
When President Biden announced he was suspending his campaign for president, Donald Trump and some ofhis supporters stitched together a series of conspiracy theories about Biden’s health, his motives for dropping out, and even whether he was still alive. Those false assertions built on years of reality-bending messages from Trump and others on the right […]Read More
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