Sen. Rand Paul, R-Ky., does a TV interview in the Russell Senate Office Building on Tuesday, June 3, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images Sen. Rand Paul (R-Ky.) on Wednesday criticized the Trump administration’s decision to take a 10% stake in embattled chipmaker Intel, calling the investment “a step towards socialism.” Intel announced last month…
Alphabet shares rose 7% on Wednesday as investors viewed the result of Google’s antitrust case as broadly favorable to the tech giant. The U.S. Department of Justice had proposed a sort of break-up of Google, which included divesting its Chrome browser, in an antitrust case that began in September 2023. While Google was found to…
U.S. Treasurys were little changed on Wednesday, but long-dated bonds hovered just below the 5% mark as trade policy, budget deficits and the wider economy continued to weigh on sentiment. The yield on the 30-year Treasury bond briefly topped the 5% mark overnight before retreating. It was last down slightly to 4.964%. The long-bond yield…
Scott Olson | Getty Images Macy’s posted second-quarter earnings Wednesday that easily topped Wall Street’s expectations, as it said revamped stores helped sales trends. The department store operator also raised its full-year earnings and sales guidance. It now expects adjusted earnings of between $1.70 and $2.05 per share, compared with $1.60 to $2 per share,…
NEW YORK, NY – JUNE 28: People walk along 6th Avenue in front of One World Trade Center during a street festival on June 28, 2025, in New York City. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Corbis News | Getty Images Norway’s $2 trillion sovereign wealth fund intends to invest more than half…
Chancellor Rachel Reeves poses with the red box outside number 11 Downing Street on October 30, 2024 in London, England. This is the first Budget presented by the new Labour government and Chancellor of the Exchequer, Rachel Reeves. Dan Kitwood | Getty Images News | Getty Images The U.K. Treasury on Wednesday revealed Finance Minister…
U.S. President Donald Trump at an event to announce that Space Force Command will move from Colorado to Alabama, in the Oval Office at the White House in Washington, D.C., U.S., on Sept. 2, 2025. Brian Snyder | Reuters Labor Day in the U.S., which took place Monday, marks the unofficial end of summer —…
When OpenAI rocked the tech world with the launch of ChatGPT in 2022, Google scrambled to roll out what employees called a “rushed,” “botched” and “un-Googley” competitor. Those early stumbles may have been a blessing in disguise. On Tuesday, a federal judge ruled against the most severe consequences that were proposed by the U.S. Department…
Daniel Sorabji | AFP | Getty Images LONDON — European stocks are expected to open broadly higher on Wednesday, reversing negative sentiment in the previous session that was driven by regional fiscal concerns. The U.K.’s FTSE index is seen opening marginally higher, Germany’s DAX 0.3% higher, France’s CAC 40 up 0.4% and Italy’s FTSE MIB up…
Nan Palmero was at a rehearsal dinner in Mexico City’s trendy Roma Norte neighborhood, ahead of a wedding of two American friends, when he heard a “rumbling” outside. From the restaurant’s second story, Palmero described seeing a large group of people moving through the streets, some holding placards, shouting “Gringos leave.” He later learned that…
