A strong month for the stock market was going out on a sour note on Friday. The S & P 500 retreated from Thursday’s record high close, reversing slightly into the red for the week, which put the index on pace to end its four-week winning streak. For August, however, the S & P 500…
Wind turbines in Rio Vista, California, US, on Thursday, Aug. 28, 2025. David Paul Morris | Bloomberg | Getty Images The Department of Transportation on Friday canceled $679 million in federal funding for a dozen infrastructure projects that would support offshore wind power in the U.S., the latest attack in President Donald Trump’s campaign to…
Inflation edged higher in July, according to the Federal Reserve’s preferred inflation measure, indicating that President Donald Trump’s tariffs are weaning their way through the U.S. economy. The personal consumption expenditures price index showed that core inflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according to a Commerce…
Photo illustration of the YouTube TV logo displayed on a smartphone, with the YouTube logo in the background. Nurphoto | Nurphoto | Getty Images YouTube and Fox announced Friday that the companies had reached a deal to keep Fox News, Fox Sports and other Fox channels available on YouTube TV, following negotiations over a new…
The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen outside theri building as the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty Images Denmark on Friday slashed its annual growth…
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets traded mixed on Friday, breaking ranks from Wall Street gains as investors also assess a slate of economic data in the region. Japan’s Nikkei 225 slid 0.31%, while the Topix lost 0.39% after core consumer prices in Tokyo rose at a slower pace in…
A Qantas Airways Boeing 737 aircraft takes off from Sydney International Airport in Sydney on August 18, 2025. David Gray | Afp | Getty Images Shares of Australian flag carrier Qantas rose to a record high Thursday after its full-year earnings results beat estimates, buoyed by resilient demand across its domestic and international networks. Qantas…
Pro-Palestinian demonstrators hold banners and signs as they protest outside the Microsoft Build conference at the Seattle Convention Center in Seattle, Washington on May 19, 2025. Jason Redmond | Afp | Getty Images Microsoft on Thursday said that it had terminated two employees who broke into President Brad Smith’s office earlier this week. The news…
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets traded largely lower Thursday as investors await the Bank of Korea policy decision. Japan’s Nikkei 225 slid 0.52%, while the Topix tumbled 0.33%. South Korea’s…
New York-listed shares of Canada Goose rose in premarketing trading, after a CNBC report that the winter-clothing maker’s controlling shareholder, Bain Capital, has received bids to take the company private. The stock was up 7.64% at 07:08 E.T. Private equity firm Bain Capital is looking to offload its holding in Canada Goose, sources told CNBC’s…
