June 22 (Reuters) - Workday must face claims that its popular AI-powered human resources software weeded out job applicants at other companies in ways that violated California law and a federal ban on discrimination against workers with disabilities, a federal judge ruled on Monday. District Judge Rita Lin in San Francisco rejected California-based Workday's claim that the state's anti-discrimination laws do not apply when it screens people based outside California who are applying for jobs
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A driver told law-enforcement officials he was using Tesla’s Autopilot when his car slammed into a Houston-area home, killing a woman.
FedEx is set to report earnings Tuesday afternoon, with the shipping giant's stock seen potentially climbing to a fresh high following the results.
Consumer electronics giant Best Buy (NYSE: BBY) just declared a $0.96 quarterly payout, pushing the annualized dividend to $3.84 per share. At a recent price of $73.10, that is a yield of roughly 5.0%, well north of the 4.43% 10-year Treasury. With Kevin Warsh signaling a more hawkish Fed posture and retiree portfolios bracing for ... Dividend Safety: This Big-Box Retailer Is a Top Choice for Retirees Protecting Their Wealth
At $1,031.34, Seagate Technology (NASDAQ:STX) looks fully valued, with a more attractive risk/reward profile only emerging on a macro-driven pullback toward $850. The stock just hit a fresh 52-week high on analyst target hikes, even as Wall Street braces for tighter Fed policy that could compress high-multiple tech names. Seagate leads in nearline hard disk ... Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon
Coca-Cola is a dividend king with 64 straight years of payout increases, a presence in more than 200 countries, and a place in the Dow. The Internal Revenue Service believes the beverage giant owes up to $20 billion in additional taxes and interest tied to its overseas profit allocations. A federal ...

<body><p>STORY: This week's Amazon Prime Day - which is actually a four-day shopping blitz - will be a litmus test for the spending power of American consumers, who have been squeezed by elevated inflation driven by high gas prices.</p><p>:: Amazon.com</p><p>With that in mind, what shoppers buy will be just as important as how much they spend.</p><p>This year, Amazon is featuring deals on groceries, household goods, travel and school items over carefree splurges on bigger-ticket items.</p><p>Or, as the CEO of small business lender Cardiff put it, quote, "People just don't have the cash right now. Prime Day isn't going to be about buying big TVs or fun stuff this year. It's for buying toilet paper and garbage bags on sale. Families are literally waiting for these discounts just to buy regular everyday things because their bank accounts are empty."</p><p>:: Amazon.com</p><p>The event, which kicks off Tuesday, was shifted to June from July for the first time in five years, in part to avoid competing with World Cup matches and the country's 250th birthday.</p><p>While rivals Walmart and Target have shadowed Prime Day for years, the overlap has turned it into a synchronized industry event, intensifying price competition.</p><p>Walmart's seven-day sale started Monday, while Target Circle Deal Days align exactly with Prime Day.</p><p>:: Amazon.com</p><p>But Amazon is expected to capture more than 60% of all U.S. online retail spending during the four-day Prime Day period, according to market research firm eMarketer.</p></body>
Torsten Slok, the Apollo Global Management (NYSE:APO) chief economist who has spent the past year warning that the Fed would have less room to cut than markets wanted, went on CNBC last week and essentially argued that his own thesis had just been overturned by a barrel of oil. The Federal Open Market Committee had ... Oil’s Plunge Below $80 Is Already Reshaping the Fed’s Rate Path, Says Apollo’s Torsten Slok
Greenspan died Monday. He was 100.
"The Fed was willing to look through the tariffs, but it is losing patience after the latest round of supply shocks."
Alan Greenspan, the former Federal Reserve chairman behind Wall Street's most famous bubble warning, did not call the dot-com top.
Stephanie Roth, chief economist at Wolfe Research, argued on a CNBC Morning Call that the AI capex cycle has runway, geopolitical risk is being absorbed by the stock market, and the Federal Reserve can stay patient despite sticky inflation. Her view sets the tone for a week hinging on Micron Technology (NASDAQ:MU) earnings, Iran negotiations, ... AI Momentum Outweighs Iran Risks and Fed Concerns, Says Chief Economist
Inflation has been the market’s dominant concern. While investors spent much of the past year focused on artificial intelligence, earnings growth, and record-high stock prices, the conversation has been overshadowed by rising consumer costs and the Federal Reserve’s response. Energy prices sit at the center of that debate. Oil surged above $100 a barrel after ... Iranian Oil Is About to Flood the Market. Has the Fed’s Biggest Pressure Valve Been Released?
Treasury yields and the dollar rise amid tense negotiations in the Middle East. Oil prices decline as mediators say U.S.-Iran talks will continue this week, following a rocky start. The long disruption in global oil supplies, however, keeps inflation fears elevated.
Uber Technologies' board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment. In a complaint filed in San Francisco federal court, shareholders led by a Detroit pension fund said board members ignored repeated internal and external warnings about Uber's alleged failure to address sexual abuse by drivers. Shareholders said oversight failures were also a factor in lawsuits filed last year by the federal government, which accused Uber of routinely refusing to serve disabled passengers, including people with service animals or stowable wheelchairs, and engaging in deceptive billing and cancellation practices.
Despite pressure from inflation, Federal Reserve policy, and the Iran conflict, the stock market has shown remarkable resilience. That strength has created a new concern heading into the end of June: a potentially massive wave of institutional selling. According to a recent JPMorgan analysis, roughly $165 billion of equity selling pressure could wash over the ... Massive Wave of Selling Is Coming, Says JPMorgan. Here’s Why It Probably Won’t Matter
The Dow rose 270 points, or 0.6%. The Nasdaq was down 0.1%. The major indexes tumbled on Wednesday in the wake of Kevin Warsh’s first Federal Open Market Committee meeting as chairman of the Federal Reserve, but traders bought the dip on Thursday.
Wall Street enters the final full week of June with investors juggling inflation, artificial intelligence and the health of the banking sector. After last week's Federal Reserve meeting under new Chair Kevin Warsh, attention now shifts to a busy slate of economic data, corporate earnings and...
Despite the interim US-Iran deal and a considerable fall in oil prices, risk assets have barely moved, with the S&P 500 still beneath its record high from early June and credit spreads widening. The puzzle reflects four competing forces, Deutsche Bank analyst Henry Allen argues. First,...
Although they sit atop the home improvement industry, these two businesses aren't immune from macroeconomic forces.
The average American household spent about $200 per month on gasoline according to the latest federal expenditure data. With gasoline prices remaining elevated in 2026, many families are paying considerably more. Most people treat their gas bill as a fact of life. Investors can treat it as an income target. The goal is simple: build ... The Portfolio That Quietly Pays For Your Gasoline Forever
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...
The moves suggested a reset for U.S. Treasury yields tied to the surprisingly hawkish tone established by new Federal Reserve Chairman Kevin Warsh last week, who hinted toward near-term rate hikes to tame price pressures and break a long run of missed inflation targets. “We recognize that inflation has been running well ahead of the Fed’s long-stated inflation goal of 2% that’s been going on for more than five years,” Warsh told reporters in Washington last week after his first press event as Fed chairman. The Fed’s economic forecasts slashed 2026 GDP predictions to 2.2%, and added 90 basis points to its headline PCE inflation estimate, taking it to 3.6%.
With ETF outflows persisting and selling "nearly exhausted," analysts say Bitcoin is range-bound and waiting for a catalyst.
Pre-Market Stock Futures: Futures are trading mixed as we prepare to finish the last full week of the second quarter. We finished a wild holiday-shortened trading week last Thursday, as Friday was the federal Juneteenth holiday, and all major indices rebounded smartly from the Federal Reserve-induced sell-off on Wednesday. Details of the signed memorandum of ... Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Laud
Alan Greenspan’s time at the Fed was punctuated by numerous peaks and troughs for the US economy and several of the world’s most momentous events. He died Monday at age 100.
Mark July 29 on the calendar. That is the next scheduled FOMC decision, and according to JPMorgan Asset Management CIO Bob Michael, every Fed meeting is now live for a potential rate hike, including the one roughly six weeks away. Michael told CNBC’s Closing Bell Overtime that new Fed Chair Kevin Warsh‘s first meeting delivered ... Circle Your Calendars for July 29. JPMorgan Executive Says Fed Chair Kevin Warsh Could Raise Rates in As Little as Six Weeks.
Investing.com -- Goldman Sachs has cut its 12-month U.S. recession probability to 15% following the U.S.-Iran agreement, with chief economist Jan Hatzius citing reduced downside risks to the economic outlook and an improvement in underlying labor market resilience.
Wall Street was expecting more interest rate cuts this year, but it might get the opposite.