Articles

Elaborate as a Vegas casino, this Nevada castle is on the market for $10 million

A magician built this castle with battlements and a turret, plus a stage, indoor grotto and a secret staircase—yours for $10 million.

Medicare’s negotiated drug prices will save taxpayers $6 billion in first year, White House says

Medicare has reached price agreements for all 10 drugs selected for the initial round of negotiations under the Inflation Reduction Act, and those price reductions are expected to save taxpayers about $6 billion in the first year they take effect, the Biden administration said Thursday.

Druckenmiller, Soros, Tepper among investors selling Nvidia in second quarter as tech stocks slumped

High profile investment firms including Stanley Druckenmiller’s Duquesne Family Office, David Tepper’s Appaloosa Management, and Soros Capital all cashed out of Nvidia in the second quarter of this year

Treasury yields nudge lower ahead of U.S. retail sales report

Bond yields fell slightly early Thursday as traders awaited a slew of data including retail sales and jobless claims.

U.K. economy expands again in the second quarter

The U.K. economy continued to expand at a solid rate in the second quarter, buoyed by services sector growth, according to data released Thursday.

China home-sales data points to continued softness in property sector

China’s latest batch of home-sales data signaled patches of continued weakness in the property market, while investment declined despite more policy efforts to boost the sector.

China’s central bank shifts date of key policy loan operation

China’s central bank shifted the date of its monthly medium-term lending operation, a widely expected move that’s part of monetary policy overhaul aimed at letting short-term rates play a bigger role in guiding markets.

Cisco sees an AI boost, but this was the real star of the show

Cisco Systems Inc. posted impressive fiscal fourth-quarter results Wednesday, and while company executives touted an AI boost, the real star of the show was its fat profit margins, driven by both a resurgence in enterprise orders and cost-cutting.

NASA to decide how Starliner astronauts will be brought home by end of August

NASA will make a decision on how to bring astronauts Butch Wilmore and Suni Williams home by the end of August, the space agency said during a press conference Wednesday.

George Soros’s fund places new bets on Apple, Broadcom

Billionaire investor George Soros’s investment fund placed new bets on Apple Inc. and other tech companies in the second quarter.

Stanley Druckenmiller trims holdings of ‘Magnificent Seven’ names

The latest 13-F filing from Stanley Druckenmiller’s Duquesne Family Office revealed hat he had trimmed his positions in several “Magnificent Seven” stocks.

Have car-insurance price hikes peaked? Shopping around could finally save you money — just be careful.

“It’s a time to be cautious when you see a price that could be too good,” one insurance analyst said.
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