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US stocks surged Wednesday morning as oil plunged near $90 after President Trump said he had agreed to a two-week ceasefire with Iran — paving the way to reopen the Strait of Hormuz. The Dow Jones Industrial Average had soared 1,389 points, or 3%, as of 9:38 a.m. ET, while the S&P 500 and Nasdaq futures jumped […]
Equinox’s $40,000-a-year membership has a waiting list of more than 1,000 people, as demand for luxury health and wellness programs soars, according to the company’s chairman. The high-end fitness chain’s “Optimize by Equinox,” launched in 2024, is one of the most expensive gym memberships in the world and includes everything from personal training and nutrition […]
Former Federal Reserve Governor Kevin Warsh soared ahead of National Economic Council Director Kevin Hassett on prediction markets betting on the next Fed chair after President Trump on Friday hinted that Hassett might be out of the running. Trump did not reveal his final choice to replace Fed Chairman Jerome Powell, but said he would […]
Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty Images Klarna shares popped […]
Meta Platforms narrowed its annual capital expenditures forecast on Wednesday, driven by the social media giant’s high-stakes push for “superintelligence” in the heated AI race, sending its shares up nearly 9% in extended trading. The Facebook and Instagram parent now expects capital expenditures to be between $66 billion and $72 billion, compared with its prior projection of $64 […]
A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, beating […]
Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better-than-feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on key Nike […]
Palantir surged more than 25% on Tuesday to a record high after reporting stronger-than-expected fourth-quarter results and guidance driven by ongoing artificial intelligence gains. Shares have skyrocketed 36% since the start of the year and were on pace for their best day in nearly a year. The Denver-based software company posted adjusted earnings of 14 […]
