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Wall Street mixed early with chip stocks giving up early week gains23:55 U.S. markets were mixed early as technology stocks gave back a chunk of the gains from their rally on Monday Subaru issues recall for 541,000 SUVs over label with incorrect weight rating22:21 Subaru of America is recalling over 541,000 Crosstrek, Forester and Ascent vehicles in the U.S. due to an inaccurate label Modi and Prabowo seal a deal for Indonesia to acquire India's BrahMos missiles22:21 India's Prime Minister Narendra Modi and Indonesia’s President Prabowo Subianto have sealed a major defense deal, allowing Jakarta to acquire Indian BrahMos supersonic cruise missiles US airlines chase profits in premium cabins, deepening a fare class divide on flights22:21 America’s biggest airlines are expanding their premium cabins and adding more luxury perks to attract high-paying passengers China’s passenger car exports are up 80% in June as EV demand grows22:20 China has reported its exports of passenger cars surged 80% in June from a year earlier, while domestic sales sank 26%, according to an industry group Polymarket is in a high-stakes race to win back trust as it recommits to US market22:20 After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public US jobless claims dip modestly to 215,000 last week22:20 The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low Bipartisan group of senators introducing legislation to avert looming Social Security shortfall21:49 Lawmakers in the Senate are unveiling a bipartisan proposal to address Social Security's looming insolvency Warren Buffett omits annual donation to Bill Gates’ foundation after his Epstein ties were disclosed16:31 Billionaire Warren Buffett omitted Bill Gates′ foundation from his annual donations this year after disclosures of the Microsoft co-founder’s ties to convicted sex offender Jeffrey Epstein Warsh to say Fed has 'no tolerance' for high inflation but provides no hints on next move16:31 Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank’s next steps JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility13:49 JPMorgan Chase said Tuesday that it earned $16.9 billion in the second quarter as its equities trading division again took advantage of market volatility triggered by the war in Iran Oil prices jump as fighting flares in the Middle East, while AI-led retreat pulls Asian stocks lower7:52 Oil prices are higher and Asian shares have fallen, dragged lower by losses for artificial-intelligence stocks Falling gas prices likely cut inflation last month6:47 Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again |
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