The S&P 500 is approaching a record high, marking a stunning turnaround from April when stocks nosedived after President Donald Trump unveiled a flurry of tariffs on so-called “Liberation Day.” The S&P 500 has jumped 23% since closing at its 2025 low on April 8. On Thursday, it closed up …
Read More »Fed Chair Jerome Powell holds firm on interest rates, resisting pressure to cut
Federal Reserve Chair Jerome Powell reiterated his view that the central bank should keep interest rates steady for now, citing inflation risks from U.S. tariffs. Powell, who made his remarks in prepared testimony Tuesday before the House Committee on Financial Services, has been under pressure from President Trump to cut rates, which …
Read More »McDonald’s Snack Wrap is returning to U.S. menus. Here’s what to know.
McDonald’s Snack Wrap, a gone-but-not-forgotten customer favorite, is returning to the fast-food chain’s restaurants in the U.S. after a nine-year hiatus. The popular sandwich will reappear on menus starting July 10, according to an announcement by the company on Tuesday in which Joe Erlinger, president of McDonald’s USA, stated simply, “It’s back.” …
Read More »Early Popeye and “A Farewell to Arms” among famous entities entering public domain
Popeye can punch without permission and Tintin can roam freely starting in 2025. The two classic comic characters who first appeared in 1929 are among the intellectual properties becoming public domain in the United States on Jan. 1. That means they can be used and repurposed without permission or payment …
Read More »Stocks routed in Asia, tumble in Europe as markets fear U.S. recession in wake of weaker than expected jobs report
Japan’s benchmark stock index plunged 12.4% on Monday, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for a recession. A report Friday showing hiring by U.S. employers slowed last month by much more than expected has convulsed financial markets, vanquishing …
Read More »Jeff Bezos is world’s richest person again, edging out former No. 1 Elon Musk
Amazon founder Jeff Bezos took back his spot as the world’s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index. Bezos’ net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief’s $198 billion. Musk, who also heads X, the former Twitter, and SpaceX, …
Read More »Tyson recalls nearly 30,000 pounds of dino chicken nuggets
Nearly 30,000 pounds of dinosaur-shaped chicken nuggets are being recalled because they may be contaminated with metal pieces, the United States Department of Agriculture said Saturday. The recall is for Tyson Foods’ 29-ounce plastic bag packages containing frozen, “fully cooked fun nuggets breaded shaped chicken patties” with a “best by” …
Read More »Ivy colleges favor rich kids for admission, while middle
Admission to an Ivy League college or a similarly elite institution like MIT is often seen as a golden ticket offering entry into academic institutions that have collectively produced more than 4 in 10 U.S. presidents and 1 in 8 CEOs of Fortune 500 companies. But that ticket is far …
Read More »Woman loses sight in right eye and sues contact lens company
A New Mexico woman alleges in a lawsuit that she had to have an eye removed because contact lenses sold by Hubble Contacts were defective. Stephanie Guarisco of Clovis claims she experienced severe pain and injury after using the lenses for only a few weeks, eventually leading to the loss of her …
Read More »Federal Reserve poised to start raising interest rates again
The Federal Reserve appears likely to raise its key interest rate next week, with minutes from the central bank’s most recent meeting showing some officials wanted to raise rates last month. While the Fed’s rate-setting body ultimately skipped hiking rates in June, minutes of the last meeting show that some …
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