Three New York Democrats backed by Mamdani win House seat primaries; 2 incumbents lose
Two candidates backed by the Democratic Socialist of America won their primaries, a year after the DSA-backed Zohran Mamdani won New York mayor's race.
Asia tech stocks mixed as Samsung rebounds, but chip shares remain under pressure after global selloff
Asia's technology stocks pared an earlier rebound to trade mixed on Wednesday after global equities posted steep losses in the previous session.
Cerebras falls 10% after chipmaker forecasts shrinking margin in first earnings report since IPO
Cerebras went public on the Nasdaq in May, giving Wall Street access to a pureplay AI company.
VIX owner Cboe jumps into prediction markets to build on zero-day options growth
Global markets operator Cboe has launched its first prediction markets products to meet consumer demand in the fast growing sector.
SpaceX raises $25 billion in debt sale less than two weeks after IPO
SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.
Alphabet added to Dow Jones Industrial Average, replacing Verizon
Alphabet will replace Verizon in the Dow Jones Industrial Average.
Mamdani-backed candidates are likely to win in NYC primaries, prediction market traders expect
Voters are heading to the polls in New York, with four competitive races in Democratic congressional primaries in focus.
Five things to watch in Tuesday's primaries as New York races take center stage
Tuesday’s primaries in New York, Maryland and Utah test outside money, party power and the influence of Zohran Mamdani and Donald Trump.
MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI's Developed Markets watchlist.
Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
FedEx posts strong earnings results in last quarter with freight business
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin-off.
The biggest wealth transfer in history is here: How the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs who are set to inherit are preparing to use the money very differently from the generations that built it.
PGA Tour CEO Brian Rolapp unveils sweeping changes to professional golf
Changes to the PGA Tour are designed to elevate competition and raise payouts for winners.
House passes affordable housing bill, sends it to Trump's desk
The House on Tuesday gave final passage to a bill aimed at lowering costs for homebuyers and reining in private equity.
An off-grid power project gets a major proof of concept. What it means for GE Vernova
AI data centers powered by off-grid power plants took a major step forward this week, a good sign for GE Vernova as industry challenges pile up.
Senate backs Iran war powers resolution as GOP pressure grows on Trump's deal to end war
Senate Republicans want more details on Trump’s Iran deal as questions swirl around sanctions relief, nuclear restrictions and congressional approval.
Bill Gates testimony on Jeffrey Epstein ties released by House oversight panel
"I should never have met with Epstein in the first place," Bill Gates told members of the House Oversight and Government Reform Committee.
CFTC sues Kentucky over actions against prediction markets, making it first red state to face federal scrutiny
The commission has now sued nine states in its battle to defend what it sees as its exclusive right to regulate event contracts.
Inside Kevin Warsh's selection process for the next Atlanta Fed president
Choosing a new head for the Federal Reserve Bank of Atlanta is an opportunity for new Fed Chairman Kevin Warsh to reshape the central bank.
Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says
More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Hormuz Strait in a large-scale evacuation plan backed by Iran and the U.S.
Traders are loving this cheap way to make big bets against chip stocks
Just a day after making new all-time records, the semiconductor sector is down almost 7% and traders are finding a cheap way to bet on a bigger pivot.
Meta announces new smart glasses starting at $299, as Zuckerberg keeps pushing wearables
Meta executives have said they see the lightweight smart glasses as a step towards a more advanced device that includes screens in the lenses.
Meta is building a prediction markets app. These stocks fell in response
The report said that CEO Mark Zuckerberg directed staff to develop a prediction markets platform, internally known as "Arena."
Sen. Cassidy plans to push 'big idea' for Social Security reform in last days in office
As Social Security faces an imminent funding shortfall, Sen. Bill Cassidy said he has come up with a plan to invest in the stock market on the program's behalf.