Business Archives - Page 9 of 10

S&P 500 hits record high as stock market surges

Friday, June 27

(NEW YORK) -- The S&P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East.The S&P 500 climbed 0.3%, clocking in for the first... Read More.

The stock market is surging. Will it last?

Wednesday, June 25

(NEW YORK) -- The stock market has been on a tear in recent weeks, shrugging off newly imposed tariffs, caution at the Federal Reserve and war in the Middle East.The S&P 500 has soared 20% since an April low suffered after President Donald Trump’s... Read More.

2 million student loan borrowers at risk of garnished wages in July

Tuesday, June 24

(NEW YORK) -- Nearly two million student loan borrowers are at risk of having their wages garnished next month, credit-reporting agency TransUnion said on Tuesday.Fresh data shows a sharp increase in the number of delinquent student loan borrowers in recent months, following the end... Read More.

Consumer confidence sours in June, despite rollback of Trumps tariffs

Tuesday, June 24

(NEW YORK) -- Consumer confidence soured in June, erasing some of the boost in shopper attitudes that took hold last month as President Donald Trump rolled back tariffs, Conference Board data on Tuesday showed. The reading fell short of economists' expectations.The fresh data resumes... Read More.

Aflac says cyberattack breach could expose personal data of customers

Friday, June 20

(NEW YORK) -- A group of cybercriminals hacked into data systems at insurance company Aflac, possibly gaining access to sensitive information such as Social Security numbers and health reports, the company said on Friday.Aflac, which boasts millions of customers, “identified suspicious activity” and “stopped... Read More.

What to know about the GENIUS Act, a crypto regulation bill

Wednesday, June 18

(NEW YORK) -- The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies.The bill faced some Democratic opposition over President Donald Trump’s cryptocurrency ventures, but it ultimately garnered support from 18 Democrats, including Sens. Cory... Read More.

Stocks close higher, despite intensifying Israel-Iran conflict

Monday, June 16

(NEW YORK) -- Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average closed up 317 points, or 0.7%, erasing much of the losses suffered on Friday... Read More.

What to know about Trump Mobile, the Trump Organizations new phone plan

Monday, June 16

(NEW YORK) -- The Trump Organization on Monday announced a mobile phone service and a Trump-branded smartphone, extending the family real estate company into the vast U.S. telecom market.The announcement arrives exactly 10 years after the launch of President Donald Trump's first presidential campaign,... Read More.

Oil prices fall and stocks rise, despite ongoing Israel-Iran conflict

Monday, June 16

(NEW YORK) -- Oil prices fell and stocks climbed in early trading on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average surged 415 points, or 1%, erasing much of the losses... Read More.

Oil prices surge and stocks slump after Israel attack on Iran

Friday, June 13

(NEW YORK) -- Oil prices surged and stocks slumped on Friday morning in the immediate hours after Israel began an attack on Iran targeting nuclear sites and senior military officers.The strike stoked concern among investors about a possible wider conflict across the Middle East,... Read More.

Inflation ticked slightly higher in May amid Trump tariffs

Wednesday, June 11

(WASHINGTON) -- The U.S. Consumer Price Index released on Wednesday showed May inflation ticking slightly higher, rising 2.4%, in line with expectations.The report amounted to the latest test for President Donald Trump's tariffs as some retailers and economists warn the policy will raise prices.So... Read More.

Nintendo Switch 2 races to record sales, driven by Mario Kart Worlds blockbuster debut

Wednesday, June 11

(LONDON) -- The Nintendo Switch 2 is off to a turbo-charged start, thanks to a little help from Mario and his friends in Mario Kart World, smashing its own sales record by becoming the fastest selling Nintendo game system ever with more than 3.5... Read More.