Economy

A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is […]

Sanjay Mehrotra, CEO of Micron Technology Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 26, 2024. Brendan Mcdermid | Reuters Micron shares plunged 13% in extended trading on Wednesday after the chipmaker issued weak second-quarter guidance despite an earnings beat […]

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in coming years. In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target […]

Damian Lillard of the Portland Trail Blazers dribbles against the New York Knicks at Moda Center on March 14, 2023 in Portland, Oregon.Alika Jenner | Getty Images SportWhile playing college basketball at Weber State University, Damian Lillard suffered a broken bone in his right foot as a junior that kept him out of all but… […]

The World Travel & Tourism Council says the global travel and tourism sector won’t fully recover this year — but it will get close.The sector is forecast to reach $9.5 trillion in 2023, just 5% shy of its gross domestic product contribution in 2019, according to the WTTC’s 2023 Economic Impact Research.After a sharp drop… […]

U.S. Treasury Secretary Janet Yellen holds a press conference at the US Treasury Department in Washington, DC, on April 11, 2023.Stefani Reynolds | AFP | Getty ImagesTreasury Secretary Janet Yellen on Sunday said that failure to raise the debt ceiling will cause a “steep economic downturn” in the U.S., and she reiterated her warning that… […]

Still from Marvel Studio’s “Guardians of the Galaxy. Vol 3.”DisneyJames Gunn’s ragtag group of criminals-turned-heroes snared $114 million at the domestic box office during their third foray in cinemas.Disney and Marvel Studio’s “Guardians of the Galaxy: Vol. 3” tallied another $168.1 million from international markets over the weekend, bringing its total global haul to $282.1… […]

Gorodenkoff | iStock | Getty ImagesThe cybersecurity world faces new threats beyond targeted ransomware attacks, according to experts at the recent RSA cybersecurity industry conference in San Francisco.Joe McMann, head of cybersecurity services at Binary Defense, a cybersecurity solutions provider, said the new battleground is data extortion and companies need to shift gears to face… […]

Luigi Mangione, 26, a suspect in the New York City killing of UnitedHealth executive Brian Thompson, is escorted after an extradition hearing at Blair County Court House in Hollidaysburg, Pennsylvania, on Dec. 10, 2024. Eduardo Munoz | Reuters A New York grand jury indicted Luigi Mangione on charges of murdering UnitedHealthcare CEO Brian Thompsonthe Manhattan […]

Federal Reserve Chair Jerome Powell speaks during a news conference following the Nov. 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building in Washington, D.C. Andrew Caballero-Reynolds | AFP | Getty Images Inflation is stubbornly above target, the economy is growing at about a 3% pace and the […]