Articles

Dow logs worst day in a month. Here are the reasons driving the rout.

The stock market’s selloff picked up steam on Wednesday, sending the Dow Jones Industrial Average to its steepest daily decline in a month.

Snowflake’s stock has been on fire, and earnings are fueling the rally further

The data-warehousing company hit a revenue milestone and issued an upbeat outlook.

Thanks to cheap gas, Americans may travel in record numbers for Memorial Day — and hit pause on other economic worries

U.S. consumer sentiment stands near a record low, but that isn’t expected to dampen plans for the Memorial Day weekend, which will see gasoline prices at their lowest for the holiday in years, while the number of American travelers is expected to reach a record high.

As bitcoin hits another record high, why smaller crypto coins still lag behind

Bitcoin has hit another record high. But it hasn’t brought other cryptocurrencies along for the ride.

Here’s why OpenAI is buying iPhone designer Jony Ive’s startup for $6.5 billion

The ChatGPT maker is acquiring io to build physical AI products beyond its on-screen applications — and sees possibilities beyond traditional hardware

Target’s weak results were the quarter’s ‘least-well-kept secret,’ but immediate improvement seems elusive, analysts say

The past few years of cost-of-living increases, which have forced many shoppers to focus on the basics, have shifted that narrative for Target.

The surprising factor that’s driving up home-foreclosure rates

One of the leading drivers of foreclosures in the U.S. is extreme weather, First Street says.

Stocks tumble as weak bond-market auction has investors wondering how U.S. will manage its debt

Investors have been warily eyeing rising Treasury yields since the start of May, with some fretting that the latest jump in borrowing costs could soon start hurting stocks.

Trump’s ‘Golden Dome’ missile-defense system could be a boon to these companies

President Donald Trump’s unveiling of a $175 billion plan to build a massive missile-defense system, a project viewed as ambitious in both its timeline and budget, boosted defense stocks on Wednesday.

The current Republican tax bill could cut $500 billion from Medicare — ‘This bill just gets more and more cruel’

Medicare provides health insurance for about 68 million older adults and people with disabilities.

The Senate just passed ‘no tax on tips.’ Does this mean you can tip less?

Among tipped workers in the bottom quintile of income-tax units, only 34% would see any tax benefit.

Trump, GOP tweak SALT cap. Here’s what to know about the controversial tax break.

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.
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