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, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62% at 16,175.09. At one point […]Read More
Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock. Trump Media’s dramatic slide came as Donald Trump headed to a Manhattan court to begin jury selection for his criminal trial on hush money-related charges. Trump is the majority stakeholder in the company. Trump Media, which created the […]Read More
Apple’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday. Global smartphone shipments increased 7.8% to 289.4 million units during January-March, with Samsung, at 20.8% market share, clinching the top phonemaker spot from […]Read More
Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March’s figure of 79.4. Sentiment is about halfway between its all-time low, reached in […]Read More
Amazon.com’s Amazon Web Services, the world’s largest cloud-service provider, owes tech company Kove $525 million for violating its patent rights in data-storage technology, an Illinois federal jury said on Wednesday. The jury determined that AWS infringed three Kove patents covering technology that Kove said had become “essential” to the ability of Amazon’s cloud-computing arm to “store and […]Read More
President Biden and the Democratic groups allied with his campaign continue to demonstrate an enormous cash advantage over Donald Trump’s presidential effort with nearly six months until the election. Down the ballot, new Federal Election Commission filings from the first quarter of 2024 show a leading Democratic super PAC outpacing its GOP counterpart in the […]Read More
Distilled, the value proposition of buying public shares of the parent company of Truth Social is: Donald Trump will make you money. This is not an unusual value proposition for a stock, certainly; they are all predicated on someone making you money. In this case, though, the proposition is unusually centered in the moneymaking skills […]Read More
President Biden’s aides are preparing to hit Iran with economic sanctions over Tehran’s attack on Israel, but experts say they face limited meaningful options for doing so without antagonizing China or risking a spike in the price of oil. In retaliation for a strike against its consulate, Iran over the weekend sent more than 300 […]Read More
NEW YORK — Former president Donald Trump and his allies have fought back against the criminal case he faces here by discounting the impact of alleged conduct that happened years ago and charges that center on the seemingly tedious subject of business records. But the last flurry of motions before jury selection began Monday showed […]Read More
NEW YORK — Former president Donald Trump and his allies have fought back against the criminal case he faces here by discounting the impact of alleged conduct that happened years ago and charges that center on the seemingly tedious subject of business records. But the last flurry of motions before jury selection began Monday showed […]Read More
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