U.S. Secretary of Defense Pete Hegseth speaks to members of the press during a bilateral meeting with Australian Deputy Prime Minister and Defense Minister Richard Marles at the Pentagon on February 7, 2025 in Arlington, Virginia. Alex Wong | Getty Images News | Getty Images U.S. Defense Secretary Pete Hegseth said on Wednesday that a … Read more
A person walks past the New York Stock Exchange at Wall Street in New York on Feb. 3, 2025. Angela Weiss | AFP | Getty Images The New York Stock Exchange will soon have a presence in Texas to cater to the growing number of companies looking for a home base in the business-friendly state. … Read more
Following DoorDash ‘s latest earnings report, Bank of America sees its possible entry into the S & P 500 index as a potential near-term driver for shares in the food delivery stock. The 12-year-old, San Francisco-based DoorDash on Tuesday beat analysts’ fourth-quarter revenue expectations, according to FactSet. DoorDash was also profitable as measured by generally … Read more
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy. The central bank leader appears before the House … Read more
Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition. The company reported revenues of $1.55 billion, versus the $1.56 billion expected by analysts polled by LSEG. Bookings, which measures the charges posed to customers for rides … Read more
Whether it’s empty grocery store shelves or restaurant menus tacked with surcharges, the rising cost of eggs is hard to miss. The national average for a dozen eggs now tops $4, according to U.S. Bureau of Labor Statistics data — up 65% from a year ago — with prices in some states exceeding $12. In … Read more
Paradromics scientists at work Source: Paradromics Texas-based neurotech startup Paradromics on Wednesday announced a strategic partnership with Saudi Arabia’s Neom and said it will establish a Brain-Computer Interface Center of Excellence in the region. Neom is a developing area within northwest Saudi Arabia that’s touted as “a hub for innovation,” according to its website. The … Read more
Wharton School Professor Jeremy Siegel is uncertain whether the “Magnificent Seven” companies can continue to enjoy the run they’ve had, and expects the other sectors could start to outperform. “We have these two markets. We have the Mag Seven, which is ex- Tesla is selling for 30, 35, and then we have the other 493 … Read more
An aerial view of homes destroyed in the Palisades Fire on January 27, 2025 in Pacific Palisades, California. Mario Tama | Getty Images When the Los Angeles wildfires started dominating social media feeds, I reached out to a dear friend and client to check in. “We just found out an hour ago, our house is … Read more
Apple CEO Tim Cook delivers remarks before the start of an Apple event at the Apple headquarters in Cupertino, California, on Sept. 9, 2024. Justin Sullivan | Getty Images Apple is deepening its investment in health-care research by launching a new, years-long project called the Apple Health Study, the company announced on Wednesday. The study … Read more