business news
Trump spars with Powell over renovation costs during Fed visit, but backs off firing threats
President Donald Trump and Federal Reserve Chairman Jerome Powell went back and forth in front of the press Thursday over Trump’s claims about cost overruns at the Fed headquarters in Washington. The stunning side-by-side took place as Trump began a rare tour of the Fed building, in what was widely seen as the latest chapter […]
Read More
Stocks making the biggest moves after hours: Intel, Deckers, Boston Beer and more
Check out the companies making headlines in after-hours trading. Intel – Shares of the chipmaker inched up less than 1% in extended trading. That’s after the company’s second-quarter revenue of $12.86 billion topped the $11.92 billion that analysts surveyed by LSEG were expecting for the period. The company’s third-quarter revenue guidance also surpassed analyst estimates. […]
Read More
Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions
Thiago Prudencio | LightRocket | Getty Images Tesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck. The company’s digital assets are currently valued at $1.24 billion. That’s up substantially from $722 million a year ago. But anyone who’s been following the crypto market […]
Read More
French President Macron says France will recognize Palestine as a state
French President Emmanuel Macron holds a press conference, at the Elysee Palace, in Paris, Friday, June 13, 2025. Michel Euler | Via Reuters French President Emmanuel Macron announced Thursday that France will recognize Palestine as a state, amid snowballing global anger over people starving in Gaza. Macron said in a post on X that he will formalize the decision at the United Nations […]
Read More
Musk’s Starlink hit with outage day after rollout of T-Mobile satellite service
Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s satellite internet service Starlink said it had a “network outage” on Thursday. The company said it was working on a solution. There were more than 60,000 reports of an outage on Downdetector, a site that logs issues. Starlink is owned and operated by SpaceX, which is […]
Read More
Inside the renovations of the Federal Reserve headquarters: Slideshow
The front facade of the Marriner S. Eccles Federal Reserve Board Building is visible as a massive renovation continues on the building and the 1951 Constitution Avenue Building on July 24, 2025 in Washington, DC. Andrew Harnik | Getty Images After months of President Donald Trump criticizing Federal Reserve Chairman Jerome Powell for his refusal […]
Read More
$9.7 million of U.S.-funded contraceptives for poor nations to be burned in France: Reuters
Free condoms are seen at a community center operated by LoveYourself, a nonprofit impacted by the Trump administration’s freeze on foreign aid, on February 19, 2025 in Mandaluyong, Metro Manila, Philippines. Ezra Acayan | Getty Images U.S.-funded contraceptives worth nearly $10 million are being sent to France from Belgium to be incinerated, after Washington rejected offers from […]
Read More
Intel beats on revenue, issues better-than-expected forecast
The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan | Getty Images Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company’s new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock […]
Read More
Honeywell’s post-earnings drop was disrespectful. Here’s where we stand on the stock
An unwarranted post-earnings decline in Honeywell shares on Thursday presented a buying opportunity for new investors ahead of the conglomerate’s breakup into three publicly traded companies. Revenue in the second quarter ended June 30 rose 8.1% year over year to $10.35 billion, topping expectations of $10.07 billion, according to market data service LSEG. Organic sales […]
Read More
Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him
Microsoft CEO Satya Nadella talks with Indonesia’s Minister of Communication and Information Technology Budi Arie Setiadi, on the day of their meeting with Indonesian President Joko WIdodo, at the Presidential Palace in Jakarta, Indonesia, April 30, 2024. Willy Kurniawan | Reuters Microsoft has laid off over 15,000 people so far in 2025. The stress of […]
Read More