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FedEx Freight fires chief commercial officer following internal probe
FreightWaves4h agobearish
FedEx Freight fires chief commercial officer following internal probe

FedEx Freight announced that it has terminated Chief Specialized Services and Commercial Officer Mike Lyons, who was appointed to the role ahead of the company’s spinoff from FedEx Corp. The post FedEx Freight fires chief commercial officer following internal probe appeared first on FreightWaves.

C3.ai Q1 Earnings Call Highlights
MarketBeat6h agoneutral
C3.ai Q1 Earnings Call Highlights

C3.ai (NYSE:AI) reported first-quarter fiscal 2027 revenue of $52.4 million, above its prior guidance, as the enterprise AI software company said its restructuring efforts, federal-sector momentum and product focus helped improve operating efficiency. The quarter ended July 31, 2026. Chairman and C

Bond Yields Are Near 5%: New York Fed's Williams Calls That A Sign Of 'Strong Economy'
Benzinga8h agoneutral
Bond Yields Are Near 5%: New York Fed's Williams Calls That A Sign Of 'Strong Economy'

The bond market is shouting to the world that money is getting expensive. But New York Fed President John Williams sees something different behind the rise in Treasury yields. In a CNBC interview on Wednesday, Williams said the climb in long-term yields is driven in large part by a “strong U.S. economy and a strong economic outlook fueled by big investments,” pointing to artificial intelligence, data centers and technology spending broadly. Rising Bond Yields May be a Symptom, Not a Problem Will

Alphabet Stock Edges Higher After Court Win
The Wall Street Journal9h agoneutral
Alphabet Stock Edges Higher After Court Win

Alphabet shares rose nearly 1% Wednesday after a federal judge rejected the Justice Department’s request to dismantle the online advertising business at the company's Google unit. Read more on the decision ...

Rising Yields Reflect Strong Economy, Says Fed’s Williams
Barrons.com9h agoneutral
Rising Yields Reflect Strong Economy, Says Fed’s Williams

The market is pricing in a rate increase as the most likely outcome at the central bank's upcoming meeting, according to CME Fed Watch. Odds the Fed will announce an increase in rates on Sept. 16 ticked lower to 64% from 66% on Wednesday, though were still significantly higher than they were just last week. The slight pullback came after New York Federal Reserve President John Williams said the recent rise in Treasury yields reflected a strong economy and signaled a wait-and-see approach to September's meeting.

Alphabet Stock Rises as Google Avoids Another Business Breakup Attempt
Barrons.com10h agoneutral
Alphabet Stock Rises as Google Avoids Another Business Breakup Attempt

Shares of Alphabet rose Wednesday after a federal judge rejected a Justice Department request that Google sell its online advertising business. Alphabet stock advanced 1% to $338.51 on Wednesday, while the and the both gained 0.5%. Judge Leonie Brinkema on Wednesday dismissed the Trump administration’s move to force Google to sell AdX, the company’s online exchange tool for publishers and advertisers.

Judge orders changes to Google's digital ads business but spares it from a breakup
Associated Press10h agoneutral
Judge orders changes to Google's digital ads business but spares it from a breakup

A federal judge on Wednesday ordered Google to retool the system powering its monopoly in digital advertising, sparing the company from a wrenching breakup sought by the U.S. government. The initial two-page decision by U.S. District Judge Leonie Brinkema in Virginia marks the second time in a year that Google has received a reprieve from a Justice Department proposal to dismantle its internet empire. Meanwhile, what courts have described as the company's anti-competitive practices, have enriched Google's corporate parent, Alphabet Inc., which has a market value of $4.11 trillion.

U.S. Supreme Court Is Asked to Settle Growing Debate Around Prediction Markets
Barrons.com10h agoneutral
U.S. Supreme Court Is Asked to Settle Growing Debate Around Prediction Markets

The Attorney General of New Jersey has asked the U.S. Supreme Court to hear a case that could determine the fate of sports prediction markets. The Supreme Court accepts a fraction of so-called petitions of certiorari, but the high court could be compelled to weigh in given the growing disputes between states, which regulate gambling, and federal regulators, who oversee the event contracts that drive prediction markets. A Supreme Court case would be closely watched by online betting firms like DraftKings and Flutter whose stocks are up more than 4% today, along with newer prediction-market platforms Kalshi and Polymarket.

U.S. Stocks Rise as Treasury Selloff Pauses
The Wall Street Journal11h agobearish
U.S. Stocks Rise as Treasury Selloff Pauses

MARKETS MAIN Bond-market turmoil and war are top of mind for investors today. Treasury yields reversed earlier gains, after a Fed official suggested that a rate hike isn’t certain this month. U.S. stocks are advancing, led by the Dow industrials.

US judge rejects bid to break up Google's ad business
AFP11h agoneutral
US judge rejects bid to break up Google's ad business

A US federal judge on Wednesday refused to force Google to sell a division of its digital advertising business, rejecting the government's push to break up part of the company's ad empire.The decision is the second time in recent years that a federal judge has declined to dismantle a piece of Google's business, after a judge last year refused to force the sale of its Chrome browser in a separate monopoly case over online search.