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US stocks drift after expectations rise for the Fed to hike rates to get inflation under control
The Dow, S&P 500, and Nasdaq fell as traders increased bets on a Federal Reserve rate hike. Markets are reacting to US strikes aga
topic‘Conflict of attrition’ in Iran could keep inflation high, ECB policymaker warns
Euro zone inflation has climbed above 3%, reaching its highest level in nearly three years. ECB policymaker Rehn warns that a "con
topicLivestream shopping is gaining steam in the U.S., thanks to apps like TikTok and Whatnot
Livestream shopping is expanding across the United States, driven primarily by platforms like TikTok and Whatnot. TikTok Shop has
topicOn Night of Deadly Air Canada Crash, Two LaGuardia Controllers Left Early
The FAA is seeking to fire two air traffic controllers who left their posts an hour before their shifts ended on March 22. Their e
topicBest Buy tops quarterly estimates, raises outlook as computing shows strength
Best Buy is increasing its revenue forecast driven by strength in home entertainment, computing, and a 10% gain in advertising sal
topicGap Stock Jumps After Naming Retail Veteran to Helm Old Navy
Gap shares rose up to 24.1% after appointing retail veteran Michael Francis as CEO of Old Navy, aiming to revive the struggling br
topicStock Market Today: Dow, Nasdaq Futures Sink as Bond Selloff Intensifies
US stock market futures, including Dow, S&P 500, and Nasdaq, are under pressure as bond yields rise. Japan's benchmark bond yield
topicSony Music Publishing and Warner Chappell are suing Anthropic
Sony Music Publishing and Warner Chappell Music have filed a multi-billion dollar lawsuit against Anthropic, alleging the AI compa
Bessent pushes back on Druckenmiller critique of bond intervention
Scott Bessent responded to Stanley Druckenmiller's criticism of the US Treasury's bond intervention strategy, citing US debt outpe
topicBarclays sees two more Fed rate hikes this year after Warsh speech
Barclays now expects the Federal Reserve to raise interest rates by 25 basis points in September and December, reversing its previ
topicJapan faces day of policy reckoning as Bessent calls time on big stimulus
Japan is set for a policy reckoning as big stimulus ends. Scott Bessent, a key advisor, signals the need for rate hikes. The yen h
topicFTC sues Amazon, accusing the e-commerce giant of misleading advertisers
The US Federal Trade Commission (FTC) and 22 states have sued Amazon, alleging the e-commerce giant systematically deceived and ov
topicSony Music, Warner sue Anthropic, alleging a "brazen campaign" of intellectual property theft
Sony Music and Warner Chappell, representing 35 music publishers, sued Anthropic and co-founders Dario Amodei and Benjamin Mann on
topicStablecoins not a credible means of payment at scale, BIS chief says
Bank for International Settlements chief Pablo Hernandez de Cos argues stablecoins cannot function as a credible means of payment
topicDruckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake
Treasury Secretary Scott Bessent defended his bond-market strategy on Monday during a G20 finance meeting in Asheville, responding
topicNvidia to invest $3.5 billion in chipmaker MediaTek, expand partnership
Nvidia is investing $3.5 billion in Taiwanese chipmaker MediaTek to expand their partnership around custom AI chips for data cente
topicKalshi Lawsuit Pits States Against Trump Family’s Corruption Machine
A US appeals court has ruled that states can regulate prediction markets, such as those offered by Kalshi, as gambling. The decisi
topicTeen flips ultra-rare 1-of-1 gold Jimothy rookie card for major payday on eBay
A 13-year-old Seattle Mariners fan sold a ultra-rare 1-of-1 gold Jimothy rookie card for $21,100 on eBay. The card was a free ball
topicGlobal bond rout deepens as Japan yield hits key threshold
The global bond rout has intensified as Japan's 10-year bond yield reached 3% for the first time since 1996, triggering a massive
topicOpenAI says Apple has only itself to blame in trade-secret fight
OpenAI has countered Apple's lawsuit over trade secrets, arguing that Apple's own security practices are to blame for the leak. Th
topicAsian Stocks to Fall as Iran Flare-Up Boosts Oil: Markets Wrap
Asian stocks are poised to decline as rising oil prices, fueled by tensions in Iran, stoke inflation fears and trigger a global bo
topicLilly snags another Massachusetts biotech as local headcount surges past 1,400
Eli Lilly has acquired Merida Biosciences for up to $2.875 billion, expanding its autoimmune and allergic disease treatment offeri
topicA $480,000-a-Year Pill Reflects a New Normal for Cancer Drugs
The FDA has approved a new pancreatic cancer drug priced at $480,000 per year. The drug is expected to transform care for pancreat
topicAon strikes $17 billion deal for rival USI as insurance consolidation accelerates
Aon has agreed to buy USI, a rival insurance brokerage, for $17 billion. The deal, which was reported by multiple sources includin