Month: June 2025
Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy
Key Points Federal Reserve Governor Lisa Cook raised some concerns regarding the progress on inflation, saying recent lower readings could reverse after tariffs work their way through the economy. President Donald Trump’s trade policy could take a toll on the labor market, she said, even though she suspects the economy is in relatively good shape […]
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Stocks making the biggest moves midday: Bumble, Dollar General, Signet Jewelers, Pinterest and more
Check out the companies making headlines in midday trading: Ferguson Enterprises — Shares surged 15% after the cooling solutions company reported third-quarter adjusted earnings of $2.50 per share, exceeding the $2.01 analysts had predicted, according to FactSet. Ferguson’s $7.62 billion in revenue was also above the $7.42 billion estimate. The company also slightly raised its […]
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Trump slams GOP Sen. Rand Paul for opposing ‘big, beautiful bill’ due to $5 trillion debt ceiling hike
President Donald Trump on Tuesday blasted Sen. Rand Paul after the Kentucky Republican criticized the massive Trump-backed budget bill over its provision to raise the debt ceiling by trillions of dollars. Paul, a staunch libertarian, said on CNBC’s “Squawk Box” that he is “just not open to supporting $5 trillion … in debt ceiling increase” […]
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Tesla’s planned robotaxi launch in tech-friendly Austin has Musk playing catch-up in his hometown
The Texas flag flies outside TDECU Stadium in Houston, Oct. 21, 2023. Tim Warner | Getty Images Sport | Getty Images Tesla’s long-awaited entry into the robotaxi market — expected later this month — is coming to Austin, Texas, which has emerged as a key battleground for self-driving technology. CEO Elon Musk wrote in a […]
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McDonald’s is bringing back the snack wrap to U.S. restaurants next month
McDonald’s Snack Wrap. Courtesy: McDonald’s McDonald’s snack wraps will return to U.S. restaurants next month as the fast-food giant looks to boost sales after a sluggish start to the year. McDonald’s introduced snack wraps nearly two decades ago but discontinued the item in 2016 because it slowed its kitchens down too much. Some franchisees kept […]
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Newark mayor sues Trump’s NJ prosecutor Alina Habba over ‘false arrest’ at immigration jail
Alina Habba, Acting U.S. Attorney for the District of New Jersey, arrives at the courthouse where Mayor of Newark, Ras Baraka’s hearing will be held on May 15, 2025 in Newark, New Jersey. Stephanie Keith | Getty Images Newark, New Jersey, Mayor Ras Baraka sued his state’s top prosecutor, Alina Habba, on Tuesday over his […]
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Trump’s foreign student policies alarm Rep. Ro Khanna: They’re ’embedded in Silicon Valley’
Democratic Rep. Ro Khanna of California warned Tuesday that the nation’s economy and talent pipeline could take a hit if international students opt against attending colleges in the United States because of President Donald Trump’s visa policies. “The reality is that you have people like Elon Musk who were foreign students, I mean, they have […]
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Nvidia’s Jensen Huang says Nintendo Switch 2 has dedicated AI processors
An attendee wearing a cow costume while playing Mario Kart World by Nintendo Switch 2 during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025. Isabel Infantes | Reuters Nvidia CEO Jensen Huang on Tuesday talked up the capabilities of Nintendo‘s new Switch 2, […]
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Dollar General is shaking off tariff fears and winning over higher-income consumers
Shares of Dollar General jumped more than 10% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt consumer spending. The Tennessee-based retailer beat quarterly expectations for revenue and earnings. The company said it now anticipates net sales will grow about 3.7% […]
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Meta signs nuclear power deal with Constellation Energy
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry in order to meet the growing power needs of data centers. Beginning in June 2027, Meta will buy roughly 1.1 gigawatts of energy from Constellation’s Clinton Clean Energy Center in Illinois, […]
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