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Darden Restaurants beats earnings estimates, as Olive Garden parent predicts growth in 2026
Darden Restaurants exceeded analyst expectations for both profits and sales, signaling positive financial performance and forecasting continued expansion for the company through th...
Read Full Article →Fed Governor Waller says central bank could cut rates as early as July
The prospect of an interest rate reduction in the near future may influence borrowing costs, investment decisions, and overall economic activity by signaling a shift toward more ac...
Read Full Article →Mineral-rich Greenland says it doesn't want to become a great mining nation. Here's why
Despite possessing abundant mineral reserves with substantial economic value, Greenland prefers to limit large-scale mining development to avoid potential social and environmental...
Read Full Article →Apollo to pump £4.5 billion into UK nuclear project in major private loan deal
Apollo's commitment of £4.5 billion in private funding represents a substantial financial contribution to a key energy initiative within the United Kingdom.
Read Full Article →In race to attract data centers, states forfeit hundreds of millions of dollars in tax revenue to te...
Several states offer substantial tax breaks to major technology firms for data center development, resulting in significant reductions in public revenue to encourage investment in...
Read Full Article →Starlink rival Eutelsat pops 22% as France backs $1.55 billion capital raise
Eutelsat’s stock surged following France’s decision to support a substantial capital increase, enhancing the company’s financial foundation and potentially boosting its competitive...
Read Full Article →The Fed held interest rates steady, but some credit card APRs keep going up. Here's why
Despite the Federal Reserve maintaining its benchmark rates, rising credit card interest rates continue to impact consumer borrowing costs and overall financial obligations.
Read Full Article →Labubu-maker's shares slump as Chinese state media calls for stricter regulation, Morgan Stanley tri...
Pop Mart experienced a notable decline in its stock value following comments from Chinese state media advocating tighter industry oversight and Morgan Stanley’s decision to lower i...
Read Full Article →Investing in Space: Iron Dome's performance could be Golden Dome's opportunity
The success of the Iron Dome system highlights potential returns and strategic value for investments in emerging defense technologies like the Golden Dome project.
Read Full Article →China keeps key lending rates steady after May cut as trade deal with U.S. eases growth worries
The central bank’s decision to maintain current borrowing costs reflects cautious optimism about economic stability amid improving trade relations and ongoing efforts to support su...
Read Full Article →Meta tried to buy Ilya Sutskever's $32 billion AI startup, but is now planning to hire its CEO
Meta's efforts to strengthen its AI capabilities include recruiting key leaders from a major AI company valued at $32 billion after acquisition attempts did not materialize.
Read Full Article →Japan's core inflation hits highest level since January 2023, putting pressure on BOJ to raise rates
The increase in Japan's underlying inflation, surpassing economist predictions, may influence the Bank of Japan's decision-making regarding adjustments to interest rates amid chang...
Read Full Article →Higher risk, lower growth, less investment: UN trade arm issues downbeat global economic outlook
The UN trade agency's latest report highlights increased uncertainties and reduced economic expansion, which together contribute to a decline in global investment activities.
Read Full Article →Trump rips into 'too late' Jerome Powell after Fed holds rates steady
The decision by the Federal Reserve to maintain current interest rates has drawn criticism from President Donald Trump, who believes adjustments are necessary to support economic g...
Read Full Article →Airbus orders dominate Paris Air Show as Boeing takes backseat — again
The European manufacturer secured numerous contracts at the Paris Air Show, highlighting its market strength despite the event being affected by a recent tragic accident and ongoin...
Read Full Article →Oil prices rise more than 1% as Israel vows to intensify attacks on Iran
The increase in crude oil costs reflects market concerns over escalating tensions in the Middle East, which could potentially disrupt global supply chains and impact energy-related...
Read Full Article →How retail credit cards could bankrupt consumers with record high interest rates
Rising interest rates on retail credit cards are increasing the financial burden, contributing significantly to the growing share of consumer bankruptcies linked to credit card deb...
Read Full Article →The U.S. added a thousand new millionaires a day in 2024: Report
In 2024, the U.S. experienced a substantial increase in affluent individuals, contributing to the highest number of millionaires worldwide at nearly 24 million, reflecting ongoing...
Read Full Article →FDA approves Gilead's twice-yearly HIV prevention injection, offering a powerful and convenient new...
The approval of Gilead’s biannual HIV prevention injection presents a significant development in treatment options, though its impact may be influenced by possible reductions in go...
Read Full Article →The secret AI sauce behind Meta stock's 683% rise since the dark days of 2022
Meta's substantial stock increase since 2022 highlights the company's strategic investments and advancements in artificial intelligence, which have played a crucial role in enhanci...
Read Full Article →Fed holds key rate steady, still sees two more cuts this year
The Federal Reserve’s decision to maintain the current interest rate suggests a cautious approach, while signaling potential reductions later in the year that could influence borro...
Read Full Article →3 student loan changes in Republican bill: Getting out of debt would be 'extremely hard,' advocate s...
The proposed legislation by Republican lawmakers aims to remove existing repayment options, potentially extending the duration borrowers remain financially responsible for their st...
Read Full Article →Fed holds interest rates steady: What that means for your credit cards, auto loans, mortgage and mor...
The Federal Reserve's choice to maintain current rates affects borrowing costs across various loans and influences the interest earned on many savings products.
Read Full Article →Scale AI not 'winding down' following Meta deal, interim CEO tells employees and customers
Despite Meta’s $14.3 billion investment, Scale AI’s interim CEO assured stakeholders that the company remains operational and focused on growth rather than reducing its activities...
Read Full Article →DOJ seizes record $225 million in crypto tied to global 'pig butchering' scams
The Department of Justice recovered a substantial amount of cryptocurrency connected to international investment fraud, highlighting the growing impact of digital asset crimes and...
Read Full Article →Oil prices lower after Trump says Iran wants to negotiate
The prospect of diplomatic talks between the United States and Iran prompted a decline in energy costs, reflecting market reactions to potential easing of geopolitical tensions aff...
Read Full Article →Shares of Coinbase, Circle surge after stablecoin bill passes Senate
The approval of the GENIUS Act by the Senate led to notable gains for Coinbase and Circle, reflecting investor optimism about the regulatory clarity for U.S. dollar-pegged stableco...
Read Full Article →Senate GOP tax bill gives break on car loan interest — but not all vehicles qualify
The proposed legislation aims to provide a financial benefit by allowing deductions on auto loan interest, although its applicability may be limited depending on the type or condit...
Read Full Article →Amazon's Zoox boosts robotaxi production ahead of first commercial launch in Las Vegas
The expansion of Zoox’s manufacturing capabilities is expected to enhance its market presence and generate substantial revenue as the company increases output towards full producti...
Read Full Article →Pro-Israel hackers destroy $90 million in Iran crypto exchange breach, analytics firm says
A recent cyberattack on Iran’s leading cryptocurrency platform resulted in substantial financial losses, with analysts indicating the breach involved close to $90 million and may h...
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