Economy

Trump joins Elon Musk in opposing House GOP’s government funding bill
Economy

Trump joins Elon Musk in opposing House GOP’s government funding bill

Elon Musk (L) shakes hands with Republican presidential nominee, former President Donald Trump back stage during a campaign rally at the Butler Farm Show grounds on October 05, 2024 in Butler, Pennsylvania. Anna Moneymaker | Getty Images President-elect Donald Trump on Wednesday came out against a Republican-backed government funding billsiding with Elon Musk’s crusade against […]

Micron shares plunge on weak second-quarter guidance
Economy

Micron shares plunge on weak second-quarter guidance

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 […]

Fed cuts by a quarter point, indicates fewer reductions ahead
Economy

Fed cuts by a quarter point, indicates fewer reductions ahead

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 […]

Travel won’t fully recover this year — but it will get close
Economy

Travel won’t fully recover this year — but it will get close

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… […]

Yellen warns of ‘economic chaos’ unless Congress raises the debt ceiling
Economy

Yellen warns of ‘economic chaos’ unless Congress raises the debt ceiling

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… […]

Marvel’s ‘Guardians of the Galaxy: Vol. 3’ kicks off summer movie season with $114 million opening
Economy

Marvel’s ‘Guardians of the Galaxy: Vol. 3’ kicks off summer movie season with $114 million opening

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… […]

In a new hacking crime wave, much more personal data is being held hostage
Economy

In a new hacking crime wave, much more personal data is being held hostage

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… […]