Economy

Economy
Economy

Tesla stock climbs 2%, why a recall isn’t worrying investors today

Tesla (TSLA) shares edged higher on Wednesday, even as the electric-vehicle maker announced a recall affecting more than 218,000 vehicles. The stock rose 2.86% to $400.50. Recall draws attention but limited market impact Tesla’s recall affects 218,868 vehicles across its Model 3, Model Y, Model S, and Model X lines operating on software version 2026.8.6.

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Economy

Evening digest: US-Iran deal hopes rise, Corning jumps on Nvidia

The United States and Iran are weighing a fresh proposal to end the war as markets react to shifting geopolitical risks. Anthropic has partnered with SpaceX to expand computing capacity for its Claude AI platform. US private-sector hiring rose to 109,000 in April, signaling continued labor market resilience. Corning shares surged after announcing a major

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Economy

Graphic: Track U.S. and state gas prices

The Iran war has led to higher prices at the gas pump. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Gas prices in the United States, up more than 30% since the U.S. and Israel launched the war, have soared as the global oil supply constricts. Now at

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Economy

Trump signs executive order expanding access to retirement accounts

WASHINGTON — President Donald Trump signed an executive order on Thursday calling for a new government website where people in the United States can find and compare private-sector retirement savings accounts, aiming to help millions of workers whose employers do not offer such plans. Subscribe to read this story ad-free Get unlimited access to ad-free

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Economy

FCC head says agency wasn’t pressured to order review of ABC broadcast licenses

Federal Communications Commission Chairman Brendan Carr told reporters Thursday that the White House did not push him to order an early review of ABC’s eight broadcast licenses. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “There was no pressure from the outside. There was no suggestion from the

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Economy

Is it too late to invest in Hut 8 stock as it soars on AI data center lease deal?

Hut 8 (HUT) pushed meaningfully higher on Wednesday after announcing an artificial intelligence (AI) lease agreement for its Beacon Point campus in Texas. This $9.8 billion data center deal that spans over 15 years validates HUT’s pivot from a speculative Bitcoin miner to a high-scale AI infrastructure company. Including today’s surge, Hut 8 stock is

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Economy

Big Tech earnings test record stock market rally as AI spending takes center stage

Market watchers looking for clarity about the direction of Big Tech and the AI investment boom didn’t get much Wednesday afternoon amid a barrage of key earning reports. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Instead, four leading tech companies reported quarterly results that beat Wall Street’s

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Economy

The Onion’s bid to take over Alex Jones’ Infowars is in limbo as new court battles emerge

AUSTIN, Texas — The Onion’s plan to take over the Infowars platforms that Alex Jones built into a bullhorn of conspiracy theories and turn them into parody sites was in limbo again Thursday, after a Texas court paused a proposed deal involving the satirical news outlet. Subscribe to read this story ad-free Get unlimited access

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Economy

Dow jumps 600 points as US-Iran deal hopes, AI rally lift stocks

Wall Street rallied strongly on Wednesday, with the Dow Jones Industrial Average surging more than 600 points as optimism over a potential US-Iran agreement combined with robust earnings and continued enthusiasm for artificial intelligence-driven growth. The Dow rose 612 points, or 1.24%, while the S&P 500 climbed 1.46% to a record close of 7,365.09. The

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Economy

Arm Q1 earnings silence valuation concerns

Arm Holdings Inc (ARM) is pushing higher in extended hours after reporting a market-beating Q4 and offering upbeat guidance for its current financial quarter. In Q4, the chip designer earned 60 cents on a per-share basis (EPS) on $1.49 billion in revenue – both handily above 58 cents and $1.47 billion that the Street had

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