Federal Reserve Governor Jerome Powell warned Sunday about the impact of a politicized Fed and made a broader call for the defense of democratic institutions in his first public remarks since the end of his eight-year stint as head of the central bank. “Democratic institutions take much time, effort, and patience to build but can
Major League Baseball owners made their long-expected salary cap proposal to the players’ association on Thursday, a system the union has vowed never to accept, setting the sides on course for a confrontation that threatens the 2027 season and perhaps beyond. Baseball owners hadn’t proposed a firm cap since 1994. Their effort prompted a 7
CBS News editor-in-chief Bari Weiss on Thursday replaced Tanya Simon, the executive producer of the network’s flagship newsmagazine “60 Minutes,” with a technology journalist who has never worked in television news. Nick Bilton, a documentarian and former New York Times technology columnist, will take over for Simon when the show returns for a 59th season
Thermos is recalling 8.2 million containers after consumers suffered laceration injuries — and in some cases reported permanent vision loss — when stoppers forcefully ejected from the products and struck them in the face. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The recall covers approximately 5.8 million
Roughly 36,000 Heartwarming Hugs Bears, a stuffed animal manufactured by Build-A-Bear, are being recalled due to a zipper detaching from the bear’s pouch. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. On Thursday, the U.S. Consumer Product Safety Commission announced that the stuffed animals pose a serious risk
Lumentum Holdings Inc (LITE) shares fell sharply on Wednesday after the company reported mixed fiscal third-quarter results, with strong growth failing to meet elevated market expectations. The stock declined about 5.3% to around $941, snapping a streak of five consecutive sessions of gains. The pullback comes despite robust demand trends tied to artificial intelligence infrastructure,
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.
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
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
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