U.S. Secretary of Commerce Howard Lutnick cuts the ribbon alongside Apple’s CEO Tim Cook during the opening of Apple’s new Advanced Manufacturing Center (AMC) in Houston, Texas, U.S., August 13, 2026. Georgina Mccartney | Reuters Apple CEO Tim Cook was joined by government officials, including Secretary of Commerce Howard Lutnick, on Thursday to open a…
New York City Mayor Zohran Mamdani speaks during the annual New York State Financial Control Board meeting on August 12, 2026 in New York City. Michael M. Santiago | Getty Images New York City’s pied-à-terre tax can continue its planned rollout while it faces a legal challenge, an appellate judge ruled Thursday. The ruling comes…
Reddit mascot rings the opening bell, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. Brendan McDermid | Reuters Reddit shares rose 11% in extended trading on Thursday on the social media company’s inclusion in the S&P 500. The company will join the index on Aug 18, replacing AvalonBay…
Cisco shares dropped 8.4% on Thursday, as the networking equipment vendor’s better-than-expected earnings report and strong guidance failed to impress Wall Street. The company said revenue in the current quarter will be between $18 billion and $18.2 billion, topping the $16.8 billion average estimate, according to LSEG. Revenue in the fiscal fourth quarter increased 18% to…
U.S. President Donald Trump departs after a Cabinet meeting at Camp David in Thurmont, Maryland, U.S., July 31, 2026. Nathan Howard | Reuters A federal trade court on Thursday upheld President Donald Trump‘s elimination of the “de minimis” exemption, which allowed goods valued under $800 to be imported to the U.S. tax free. Trump, a…
An aerial view of Workday headquarters on Feb. 6, 2025 in Pleasanton, California. Justin Sullivan | Getty Images Workday shares popped more than 20% on a report that private equity firm Silver Lake is in talks to buy the human resources software maker. Shares were briefly halted in late afternoon trading and the company’s market…
POWER POINT What I’m hearing from energy insiders What a difference a week makes. Since we last published Power Insider, U.S. crude oil dropped nearly $10 dollars per barrel before clawing back some of those declines. In the months since the Iran war began, oil has shifted 40% top-to-recent-bottom. Zoom In IconArrows pointing outwards The…
OpenAI said Thursday that Chief Revenue Officer Denise Dresser is leaving her role less than a year after she joined the artificial intelligence lab, a startling exit for a company that’s gearing up for what’s expected to be a blockbuster IPO. The company said Dresser is leaving “to pursue other opportunities,” according to a release….
The Icelandic and Canadian consulates building, left, in the historic old district of Nuuk, Greenland, on Wednesday, June 24, 2026. Bloomberg | Bloomberg | Getty Images A Texas-based company with links to President Donald Trump has delayed plans to drill for oil in Greenland, after the Arctic island’s government issued a “strong warning” to its…
The ‘Al-Riqqa’ oil tanker (L) and ‘Al-Yarmouk’ oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026. Yasser Al-zayyat | Afp | Getty Images Oil prices fell Thursday as investors weighed waning global demand against the ongoing supply disruption in the Middle East. U.S. West Texas Intermediate…
