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FedEx will be closing its local shipping center at 2200 Ragu Drive next month. According to David Westrick, a FedEx spokesman, the facility will be closing permanently on Aug. 29. Westrick said he could not provide any specific details about the number of employees that will be affected or how this will affect local FedEx shipping services. Local customers have already started receiving emails ...

Asian stocks were mixed Wednesday as investors nervously awaited key US jobs data that could help determine the Federal Reserve's next interest rate decision, while the yen is in focus as it wallows around four-decade lows.But fears are growing that those valuations have now gone too far, investors might not see returns as early as expected and US interest rates could start to go up.

Fed Chair Kevin Warsh is scheduled to give a speech at the European Central Bank Forum on Central Banking in Sintra, Portugal, on Wednesday.

A federal judge denied Meta's motion to dismiss a social media addiction lawsuit brought by 29 state attorneys general alleging online harm to children.

US stocks fell after tech stocks jumped and the Dow closed at an all-time high on Tuesday.

US stock futures fell after tech stocks jumped and the Dow closed at an all-time high.

Nike earnings released Tuesday were lifted by a hefty US tariff refund, but weak sales in China and a tepid forecast weighed on shares.But company officials said sales had picked up in June, citing a lift from the World Cup, as well as the pullback in gasoline prices after the US-Iran memorandum of understanding on ending the war.

Nike's (NKE) fiscal fourth-quarter revenue slipped year-over-year, while the sportswear company's ea

Investing.com -- Nike beat Wall Street estimates for fourth-quarter revenue and adjusted profit on Tuesday, helped by growth in its wholesale business and a one-time tariff-related benefit, even as its direct-to-consumer business remained under pressure.

Investing.com -- Federal Aviation Administration workers cannot purchase or own shares in SpaceX following the company's public debut earlier this month, Politico reported Tuesday citing an internal agency document.

Net sales in the quarter tallied $10.97 billion, down 1 percent from the same time last year.

Bank of America analysts on Tuesday left their S&P 500 year-end target unchanged at 7100, 5% below the index's close on Monday, citing Big Tech's dwindling cash flows and the possibility of rate hikes.

Costco (NASDAQ:COST) and Target (NYSE:TGT) both delivered post-earnings stories that capture the split running through American retail. Costco posted 11.6% revenue growth on the back of a membership cash engine. Target turned in a 17.03% EPS beat, yet operating income fell. With sticky June inflation and dwindling personal savings squeezing households, the contrast matters. Membership ... Costco vs. Target: One Retailer Is A Much Stronger Buy In 2026

Ford Motor is recalling more than 740,000 vehicles due to a transmission and parking system issue, federal regulators said. The recall covers 741,195 vehicles, the National Highway Traffic Safety Administration said. Dealers will update vehicle software and inspect and replace any damaged transmission components free of charge, the NHTSA said.

The SPDR Gold Shares fund is down big from its highs, but if fears of a recession start to mount, it may rally once again.

It turned into a Wall Street punchline, but big banks aren’t laughing. After JPMorgan fired a wealth manager for expensing a $642.50 Super Bowl platter, the employee claimed he was wrongfully terminated, saying he had intended the spread of deli meats and cookies for clients who didn’t show up. JPMorgan filed a motion late Monday in a California federal court to vacate the award to its former wealth adviser, Brent Ryan Bodner, over the deli meats gone awry.

Morgan Stanley’s Chief Investment Officer and Chief U.S. Equity Strategist Michael Wilson appeared on CNBC this morning with a framing that should give every AI-chip investor pause. The 2026 semiconductor rally, in his read, looks like the next leg of a commodity rotation set off by Fed money printing, with the AI structural story riding ... Morgan Stanley’s CIO: Chip Stocks Following Rare Earths and Gold As Next “Commodity Boom.” Here’s Why That Should Worry You.

Treasury yields rise, on path for a quarterly increase. An agreement to fully restore shipping through the Strait of Hormuz remains elusive and oil prices edge higher. Fed funds futures price at least one Fed hike this year, according to CME.

Phil Rosen goes Inside The ICE House to explain how Micron’s blockbuster earnings are reinforcing the strength of the AI-driven memory trade and broader tech rally. He breaks down why investors remain bullish even as rising chip costs begin to pressure consumer-facing companies and create uneven outcomes across the market. Rosen also frames the recent tech sell-off as a healthy rotation into defensive sectors rather than a broader market breakdown. He discusses Fed Chair Kevin Warsh’s uncertain policy stance, with markets still searching for clarity on rates.

According to a Reuters report, the U.S. Federal Communications Commission is drafting a rule that would apply to new foreign inverter models and could be published as early as this year.

Investing.com -- Wolfe Research said surging memory chip prices driven by the artificial intelligence buildout have already added meaningfully to core inflation, with further upside likely as costs continue to filter through the consumer electronics supply chain.

D-Wave is selected to receive $1.6 million from the National Science Foundation. It’s the company’s latest federal funding injection.

(Bloomberg) -- The sweeping tariffs underpinning President Donald Trump’s economic policy may have gone from a headwind to a tailwind for the stock market, with the Supreme Court’s decision to unwind them setting the stage for a potential earnings boon for some companies.Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanWhatsApp Opens Username Reservations to 3 Billion UsersTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS Stocks Get Tech Boos

After grounding its entire MD-11 fleet in November, the carrier began reintroducing the aircraft in May, CEO Raj Subramaniam said.

JPMorgan's chief global economist Bruce Kasman titled the bank's mid-year outlook "Promise and Pressure." He published it on June 28. The two words are doing a lot of work in a year that has moved faster than most forecasters expected. The promise is that global growth is stabilizing in the second ...

Trump’s control over federal government gets split decision, Comcast spinoff could spark media deals, Constellation earnings are coming, and more news to start your day.

Bitcoin was falling, trading below the key $60,000 level, as it struggled to recover from its recent sharp selloff. The market is digesting the prospect of the Federal Reserve raising interest rates, lifting the dollar and weighing on bitcoin, said Stephen Coltman at 21Shares in a note. Meanwhile, crypto-hoarding group Strategy said on Monday that it might sell bitcoin to raise up to $1.25 billion in cash to help cover dividend payments on its preferred stock and the interest on outstanding debt, as well as to fund its share-repurchase program and cash reserve.

Plunging crude oil prices don't tell the full story about inflation.

Investors will turn to Thursday’s employment data this week as they try to anticipate the Federal Reserve’s path for interest rates. The year started with expectations that a new Trump-appointed Fed chairman would lower rates.

Fears continue to persist about a possible recession this year or in 2027.