Economy

Economy
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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Economy

Nikkei 225 crosses 62,000 as Asian markets rally on relief hopes

Asian markets opened Thursday with a powerful relief bid, as investors leaned into hopes that tensions in the Middle East may ease enough to keep the Strait of Hormuz open. Japan set the tone, with the Nikkei 225 vaulting through 62,000 for the first time, while broader regional equities also pushed higher. But the mood

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Economy

SoftBank stock skyrockets 16%: is its $64B OpenAI gamble paying off?

Japanese markets reopened after the Golden Week holidays to a powerful AI-driven rally on Thursday, with SoftBank stock soaring as investors rushed to catch up with gains already seen across global technology stocks. Shares in the Japanese investment group jumped 16.4% on Thursday, according to market commentary, after a long holiday stretch in which US

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