Month: May 2025
USTA to invest $800 million in US Open facilities in New York
The USTA unveils the largest single investment in U.S. Open history. USTA The United States Tennis Association announced on Monday it will make an $800 million investment to transform and modernize tennis facilities for the U.S. Open. The project marks the largest single investment in U.S. Open history and will feature a top-to-bottom renovation of […]
Read More
Wynn Resorts drops bid for NYC casino license
Wynn Resorts is dropping its bid to land a casino license in New York. The company said Monday it has become clear through the rezoning process that there are better uses for its capital. Wynn had partnered with Related Companies to develop an integrated casino resort in the posh Hudson Yards neighborhood of Manhattan, where […]
Read More
Judge rules against Trump effort to gut U.S. Institute of Peace
The US Institute of Peace (USIP) in Washington, DC, US, on Monday, March 17, 2025. Stefani Reynolds | Bloomberg | Getty Images A federal judge on Monday ruled that the Trump administration and DOGE’s takeover and gutting of the U.S. Institute of Peace were unlawful. The decision declaring DOGE’s actions at USIP “null and void” […]
Read More
Netflix to stream ‘Sesame Street’ episodes beginning later this year
The Netflix logo and Bert and Ernie from Sesame Street. Sam Wasson | Getty Images “Sesame Street” has a new streaming home. Netflix will stream the next three seasons of “Sesame Street,” as well as a library of past episodes, securing the future of the longtime children’s program known for characters such as Elmo and […]
Read More
JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings growth to collapse
Key Points JPMorgan Chase CEO Jamie Dimon warned Monday about the risks of record U.S. deficits, tariffs and international tensions. Dimon, the chairman of the biggest U.S. bank by assets, said stock markets aren’t properly representing the possibility of higher inflation and even stagflation. Dimon also discussed his timeline to hand over the CEO reins […]
Read More
Mortgage rates cross back over 7% after U.S. credit downgrade
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% Monday, according to Mortgage […]
Read More
JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin
JPMorgan Chase CEO Jamie Dimon delivers a speech during the Global Markets Conference, ahead of the Choose France summit, in Paris, on May 15, 2025. Michel Euler | Afp | Getty Images JPMorgan Chase is finally allowing clients to buy bitcoin. But CEO Jamie Dimon is still a skeptic. “We are going to allow you […]
Read More
Need a home mortgage? Here’s how climate change could hit your credit score
A real estate sign stands in front of a burnt property, following the Palisades Fire at the Pacific Palisades neighborhood in Los Angeles, California, U.S. Jan. 13, 2025. Mike Blake | Reuters Anyone shopping for a mortgage knows how far into your finances lenders like to dive in order to determine your credit-worthiness. But here’s […]
Read More
Novo Nordisk is betting on a CEO shakeup to regain its weight loss drug edge over Eli Lilly
A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Tom Little | Reuters Novo Nordisk is banking on fresh leadership to help it reclaim the crown in the booming weight loss drug market. The Danish drugmaker on Friday abruptly announced that […]
Read More
Stocks making the biggest moves midday: UnitedHealth Group, Tesla, Alibaba and more
Check out the companies making headlines in midday trading. UnitedHealth — The health insurer’s stock popped roughly 7% as investors scooped up shares of the beaten-down name, which lost 23% last week. UnitedHealth had suspended its 2025 guidance, announced that its CEO is stepping down and is reportedly the subject of a U.S. Department of […]
Read More