Apple sets iPhone launch event for Sept. 9, first under new CEO John Ternus
Apple announced Wednesday that it is holding a launch event at its headquarters in Cupertino, California, on Sept. 9.
Markets
Meta dodges ‘Big Tobacco’ nightmare with $18 billion settlement in child-safety lawsuit
The social-media giant’s agreement with state officials removes a cloud that was hanging over its stock, analysts say.
Wednesday Sector Laggards: Shipping, Precious Metals
In trading on Wednesday, shipping shares were relative laggards, down on the day by about 3.1%. Helping drag down the group were shares of Dorian LPG, down about 6.1% and shares of Pangaea Logistics Solutions down about…
Economists want Warsh to share more on his view of the economy at Jackson Hole, says CNBC survey
Eighty percent of CNBC Fed Survey respondents say the Federal Reserve Chairman Warsh should provide more insight into his economic views.
States sue to block Trump-backed USPS mail-ballot rule after Supreme Court setback
The rule in question would require election officials to give USPS voter information and use federally reviewed, uniquely barcoded ballot envelopes.
Meta settles social media addiction case with California, other states for $16.7 billion
Meta and a coalition of state attorneys general have settled a major federal case centering on allegations that the social media giant misrepresented the extent of child mental health harms caused by apps like Facebook …
Wednesday's ETF Movers: MLPX, SGDM
In trading on Wednesday, the Global X MLP & Energy Infrastructure ETF is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of DT Midstream, up about 4.…
The London stock market dodged a bullet with Shein | Nils Pratley
China’s fashion giant will list in Hong Kong with a shrunken price tag – and big questions over its business model
The U.S. economy is better than it looks — but it might be due for a slowdown
The U.S. economy is better than it looks — but it might be due for a slowdown Consumer spending soared in the second quarter. A repeat is unlikely. Read at source
Fed, NASA and DOJ among victims of Chinese state-sponsored hacker group: Court documents
Hackers targeted networks "operated by hospitals, telecommunications providers, power companies, financial institutions, and defense contractors," a filing said.
Cotton Bulls Pushing Bach Higher on Wednesday Morning
Cotton price action is up 14 to 31 points so far on Wednesday. Futures saw lower trade on Tuesday with contracts pulling off the lows into the close, still down 27 to 46 points in most contracts. Crude oil was down $3.9…
Dollar Rises on US Economic News
The dollar index (DXY00) is up by +0.23% today. The dollar is moving higher today on signs of strength in the US economy after July personal spending and income rose more than expected and Q2 personal consumption was re…
Williams-Sonoma earnings beat by $0.04, revenue topped estimates
Massive earnings miss. Hello Group Inc. (NASDAQ: MOMO) reported adjusted EPS of $0.24 for Q4 2025, missing the consensus estimate of $1.53 by 84.3%. The social entertainment platform’s results fell sharply short of Wall…
Bill Gates warns ‘there is no plan’ for the ‘upheaval’ AI will cause
Bill Gates warned governments are not adequately preparing for how AI could displace workers, strain social systems and create global risks.
‘The relationship quickly deteriorated’: My friend’s lawyer settled his injury case without his consent. What can he do?
“His former lawyer is now holding the settlement funds, maintaining that he is entitled to attorney’s fees.”
Lost in limbo: Where the Paramount merger delay leaves WBD, and what may come next
Paramount Skydance's acquisition of Warner Bros. Discovery is stalled due to an antitrust lawsuit, leaving WBD in limbo during a pivotal moment for media.
Burnham says rising energy prices are ‘difficult’ as typical annual bill rises to £1,723 from October – business live
Gas and electricity bills to rise by £60, or 4%, to highest level in three years, regulator Ofgem announces
Stocks Settle Higher as Lower Crude Prices Ease Inflation Risks
The S&P 500 Index ($SPX) (SPY) closed up by +0.32% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed up by +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.64%. E-mini S&P futures (ESU26) r…
‘It’s the ultimate regifting’: My mom gave me a house. Should I transfer it back to her to reduce capital gains?
Gifting money to your children or grandchildren is more than just a financial boost â itâs a chance to support them meaningfully and teach them about managing money.
Wall Street’s massive bet against long-term bonds is a recipe for a painful bearish unwind, says Citadel Securities
Citadel Securities’ strategist Frank Flight says a bet that appears to be one-sided against long-term bonds could be setting up for a painful unwind.
Am I too old for Roth conversions? I’m 84 and my wife is 77. We have $8 million saved.
“We are reluctant to pay a financial adviser 2% of assets — roughly $160,000 per year.”
Two-thirds of parents don’t have this vital document they need in case of emergency
Sometimes, no matter how well you plan, unforeseen emergencies arise that exceed even the most well-cushioned of emergency funds. Catastrophic events like major medical expenses, the unexpected death of a family member,…
Mortgage rates hit highest level in 3 weeks, weakening demand further
Mortgage interest rates moved even higher last week, causing demand for loans to weaken yet again.