Economy
Will Disney and Universal’s massive theme park investments pay off?
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Universal Orlando Resort opened Epic Universe in May, its biggest theme park investment to date. The new park cost Comcast a reported $7 billion to build, and doubles Universal Orlando’s footprint in Central Florida. Across town, Walt Disney World is also undertaking […]
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Trump says Elon Musk will face ‘serious consequences’ if he backs Democratic candidates
U.S. President Donald Trump gestures while boarding Air Force One as he departs for New Jersey at Joint Base Andrews, Maryland, U.S., June 6, 2025. Nathan Howard | Reuters President Donald Trump told NBC News on Saturday that Elon Musk would see “serious consequences” if he backs Democratic candidates who challenge Republicans supporting the “big, […]
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Elon Musk appears to delete some explosive X posts amid feud with Trump
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk has appeared to delete some of his posts on his social media platform X that escalated his bitter feud with President Donald Trump this […]
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Why it’s getting even harder to get into airport lounges now
Bloomberg | Bloomberg | Getty Images Airplane tickets are getting cheaper, but it’s getting more expensive to bring your family to an airport lounge. Capital One is the latest company to limit access to booming airport lounges to combat overcrowding. Starting Feb. 1, Venture X and Venture X Business cardholders will no longer be able […]
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U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the U.S. economy added in […]
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Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more
Check out the companies making the biggest moves midday: Petco Health — The retailer slumped 22% after losing 4 cents per share in the fiscal first quarter, twice the 2-cent loss that analysts had estimated, based on FactSet data. Revenue of $1.49 billion missed the Street’s $1.50 billion consensus, while same-store sales dropped 1.3%, worse […]
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Trump presses Powell for a full-point interest rate cut despite strong jobs report
US President Donald Trump during a meeting with Chancellor of Germany Friedrich Merz in the Oval Office of the White House on Thursday June 5, 2025. Demetrius Freeman | The Washington Post | Getty Images President Donald Trump on Friday urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point, […]
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Stocks making the biggest premarket moves: Tesla, Circle, Broadcom, Lululemon and more
Check out the companies making the biggest moves in premarket trading: Tesla —The EV maker added nearly 5%, a day after plunging 14% as CEO Elon Musk and President Donald Trump publicly feuded . Broadcom — Shares of the chipmaker slipped about 2% before the opening bell, on the heels of lackluster free cash flow […]
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Russia lowers interest rates to 20% in first cut since 2022 as inflation pressures ease
A Moscow shopping mall pictured earlier this year. Anadolu | Anadolu | Getty Images Russia’s central bank on Friday cut its sky-high interest rates for the first time since September 2022, in a sign that inflation pressures — not long ago described by President Vladimir Putin as “alarming” — are beginning to ease. The Bank […]
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Russian ruble: The curious case of the world’s best-performing currency this year
A Russian ruble coin with a U.S. dollar bill and a quarter dollar coin in Moscow, on Oct. 10, 2023. Alexander Nemenov | AFP | Getty Images In the midst of a long-drawn war, declining oil prices, stiff sanctions, and an economy that’s on the downhill, Russia’s ruble has been rising. In fact, it is […]
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