Hegseth defends Iran war’s mission, costs in first testimony since conflict began
Democratic lawmakers are grilling Hegseth about the Iran war in a hearing about the Pentagon’s budget.
Fed holds rates steady but with highest level of dissent since 1992
The Federal Reserve on Wednesday released its latest decision on interest rates.
Stocks making the biggest moves midday: GE HealthCare Technologies, Bloom Energy, Seagate, Teradyne, & more
Here are the stocks making headlines in midday trading.
Paramount CEO David Ellison wants to release 30 films annually. History and Hollywood say it’s unrealistic
While David Ellison has set a lofty goal for Paramount to release 30 films a year, there’s no recent precedent for such a haul.
Musk v. Altman live updates: Musk says he ‘was a fool’ for giving OpenAI funding
Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.
James Comey set to appear in court on Trump seashells threat indictment
Former FBI Director James Comey has been indicted twice since President Donald Trump regained office. The first case was dismissed by a judge.
NXP Semiconductors soars 26%, paces for its best day ever after earnings beat
Shares rose 26% Wednesday, the biggest surge since the Dutch chipmaker went public in 2010.
Uber makes big bets on travel, hotels and AI voice bookings at annual product showcase
Uber is launching new segments as it attempts to position itself as an all-in-one consumer platform.
Bill Ackman’s $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision
The listing gives public investors their first direct stake in Ackman’s investment platform, which runs a concentrated portfolio of 10 large-cap names.
Trump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote
Current Fed Chair Jerome Powell has faced a barrage of criticism from Trump over his refusal to slash interest rates as much as the president wants.