Convenience stores are eating fast-food chains’ breakfast
Fast-food chains are losing breakfast customers. Convenience stores are partially to blame.
Chinese EV players take fight to legacy European automakers on their home turf
Chinese electric carmakers Xpeng and GAC this week signalled aggressive expansion plans in Europe.
OpenAI’s spending spree is powering the tech industry. Oracle is the latest winner
Oracle’s stock surge and Broadcom’s breakout underscore OpenAI’s influence across Silicon Valley.
Fed Governor Cook declared her Atlanta property as ‘vacation home,’ documents show: Reuters
A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,” according to a document reviewed by Reuters.
What Fed Chair Powell says next week will be critical for a stock market insistent on cuts
Lower rates can turbocharge an already surging stock market. However, risks on the economic front are becoming more apparent.
Benioff says he’s ‘inspired’ by Palantir, but takes another jab at its prices
Palantir is one-tenth the size of Salesforce by revenue, but its market cap is 66% larger than that of Salesforce.
Massachusetts sues Kalshi alleging illegal sports gambling
Massachusetts argues Kalshi is making more money on sports wagers than legal, licensed sportsbooks.
BlackRock’s Rick Rieder: What portfolio works best as the Fed cuts rates
Rieder, a widely followed investor on Wall Street, said in a panel at the Future Proof Festival in Huntington Beach, Calif.. that he’s bullish on Big Tech and he’s also been buying long-dated municipal bonds.
BlackRock’s Rieder the latest candidate to interview in Fed chair search
The White House search for the next Federal Reserve chair continues to twist and turn
Striking defense workers reject Boeing contract offer
More than 3,000 Boeing workers in Missouri have been striking and voted not to ratify a tentative deal with management, according to the union.