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Customers use computers at an Internet cafe in Tehran, Iran. Raheb Homavandi | Reuters Iran remains under a near-complete internet blackout, data monitoring site NetBlocks, said on Saturday. “A full week has now passed since #Iran fell into digital darkness under a regime-imposed national internet blackout,” NetBlocks said in a social media post. “The measure […]
It was a tale of two markets last week: Industrials surged while financial and tech names buckled under the growing weight of artificial intelligence fears. A mixed bag of economic data complicated matters further. Although the S & P 500 bounced slightly Friday following an inflation print that bolstered the future case for lower interest […]
The S & P 500 closed lower on Friday but slightly higher for the week. It briefly topped 7,000 for the first time ever Wednesday. There was no storage of news: Ten portfolio names, including three of our megacaps, reported earnings throughout the week; the Federal Reserve held interest rates steady on Wednesday; software stocks […]
Home Depot said Wednesday it is cutting 800 jobs associated with its Atlanta store support center, and is calling on its corporate employees to return to the office five days a week. In a statement, Home Depot said its “goal is to drive greater agility and position the company to move faster and stay even more closely connected with […]
Welcome, readers, to the first happy list of 2026! It’s already shaping up to be another year where easy joy goes thin on the ground, so celebrating the little things feels more important than ever. Here’s what’s making your friendly neighborhood Lit Hub staff smile this Friday. In New York City, it’s festival season—for the […]
The S & P 500 ran into a brick wall Friday and finished the week lower, just one day after closing at a record high. The rotation out of tech stocks, which supported the Dow , was on full display. The across-the-board rally on Wednesday after the Federal Reserve cut interest rates for the third […]
This content contains affiliate links. When you buy through these links, we may earn an affiliate commission. Welcome to Today in Books, our daily round-up of literary headlines at the intersection of politics, culture, media, and more. New Reading Rainbow Host Selected as National Library Week Honorary Chair Librarian and new Reading Rainbow host Mychal […]
A Thanksgiving week rally couldn’t put all three major indexes in the green for November. The S & P 500 gained nearly 4% for the week, while the Dow Jones Industrial Average added more than 3% — a strong enough showing for each to eke out gains for the month. It extends their streak of […]
It was a terrible start to November on Wall Street. The tech-heavy Nasdaq sank just over 3% in its worst weekly performance since early April. The S & P 500 fell 1.6% for the week. Both stock measures broke three-week winning streaks.This week’s market decline, which followed a strong October, can be chalked up to […]
Paramount Skydance will begin firing 1,000 employees on Wednesday — the first phase of sweeping layoffs that will ultimately eliminate about 2,000 positions as CEO David Ellison pushes to trim $2 billion in costs. The firings mark the first major restructuring since Skydance Media completed its $8.4 billion merger with Paramount Global in August, creating […]
