The White House is rapidly pushing forward with its longtime campaign for drastically lower interest rates to ensure Fed Chair Kevin Warsh gets the message as his first policymaking meeting looms. President Donald Trump, in an oft-confrontational interview with NBC News’ “Meet the Press,” blasted the growing consensus from Main Street to Wall Street that
Palantir Technologies (PLTR) just delivered one of the strongest quarters in software, and its stock is sliding anyway. Shares of the artificial intelligence company fell about 13% in five trading days, closing near $136 on June 8 after trading above $158 a week earlier. That kind of drop usually follows a bad earnings report, but
Friday, June 5, handed S&P 500 investors their roughest session in eight months. A stronger-than-expected jobs report landed before the open. Bond yields jumped, and the chip and tech names that carried the market to record highs all year suddenly led it lower. By the close, the S&P 500 (SPY) had dropped 2.6%, its worst
For the second month in a row, U.S. employers stunned economists by adding way more jobs in May than they expected. Total nonfarm payroll employment rose by 172,000 last month, leaving the unemployment rate unchanged at 4.3%. While that total was slightly down from the upwardly revised 179,000 jobs added in April, it is more
Ulta Beauty is expanding its delivery options amid increased competition from Amazon and other rivals in the beauty retail industry. Amazon is the largest beauty retailer in the U.S., capturing an almost 23% share of beauty sales in the region in 2025, according to recent data from NielsenIQ. TikTok Shop has also become a fast-growing
For years, the central criticism of renewable energy was a single word: intermittency. Wind stops blowing. The sun sets. Fossil fuels, the argument went, are reliable in a way that weather-dependent power sources can never be. That argument shaped energy policy debates on both sides of the Atlantic for decades. Three months into the Iran
Companies preparing for an initial public offering normally set a price range, gauge demand on a roadshow, and negotiate a final share price. SpaceX skipped every step of that process, and the decision reveals how Elon Musk intends to operate as a public company executive. The rocket and satellite company filed an amended prospectus with
Billionaire investor Ray Dalio just spoke his mind on one of the most pressing issues facing the U.S. economy. The founder of Bridgewater Associates warned in a recent interview with Bloomberg that the country’s ballooning debt load is getting increasingly difficult to reverse. He argues that as debt-servicing costs begin to compete sharply with other
Most investors demand a pitch deck, a formal board presentation, and several rounds of due diligence before they agree to write a check. Former “Shark Tank” investor Mark Cuban took a different approach, and it started with a cold email he received in Dallas from a young engineer who wanted to build rockets. Cuban committed
A few months ago, International Business Machines (IBM) looked like collateral damage in the artificial intelligence boom. Investors worried that the very technology powering the AI rally could quietly chip away at the businesses that have funded Big Blue for decades. That worry has faded fast, and one of Wall Street’s loudest tech voices now