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S&P 500 Recedes From Record as Tariffs Sour Sentiment
Wall Street ended lower Friday, with Meta Platforms weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around U.S. trade policy.
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Tariff Assault on Canada Drags Wall Street Lower
Wall Street indexes declined Friday, as President Donald Trump cranked up his tariff assault on Canada, deepening uncertainty around Washington's trade agenda.
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RealSense Spins Out From Intel to Drive AI Robotics
Computer vision technology firm RealSense said Friday it has completed its spinout from Intel Corp and secured $50 million in early-stage funding to accelerate expansion into the rapidly growing robotics sector.
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Bitcoin Tops $118K Record on Regulatory Optimism
U.S.-listed cryptocurrency stocks rose in premarket trading Friday as bitcoin surged to a record high on growing optimism that regulatory hurdles would soon begin to ease.
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Levi Strauss Jumps 7% on Global Denim Demand
Levi Strauss shares surged more than 7% in premarket trading Friday after the denim maker raised its annual revenue and profit forecasts, counting on robust demand at its stores and website to offset a margin hit from U.S. tariffs.
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US Leading in Bitcoin's $118K Breakout
Bitcoin has just surpassed $118,000 for the first time-an extraordinary milestone. But this is about far more than price action. Bitcoin's reaching $118,158 on July 11 reflects a profound and accelerating shift in how political institutions, regulators, and corporations are...
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S&P 500, Nasdaq Close at Records on Delta, Jobs
Wall Street indexes rose Thursday, with the S&P 500 and the Nasdaq Composite marking closing record highs, as investors shrugged off President Donald Trump's latest tariff moves, while investors were encouraged by an upbeat forecast from Delta Air Lines.
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US Bank Profits to Climb on Robust Trading, Investment Banking
Major U.S. banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking.
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Amazon Eyes 2nd Multibillion Investment in Anthropic
Amazon is considering another multibillion-dollar investment in AI firm Anthropic to strengthen their strategic partnership, The Financial Times reported Thursday, citing people with knowledge of the talks.
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Wall St Opens Muted; Airline Stocks Jump on Delta
Wall Street opened muted Thursday, taking a breather after Nvidia's $4 trillion sprint, while airline stocks jumped following Delta's upbeat forecast.
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Kellogg Agrees to $3.1B Buyout Deal by Italy's Ferrero
WK Kellogg Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, as the cereal maker has been struggling with weakening consumer demand due to persistently high inflation.
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Musk: Grok AI to Be Available in Teslas Next Week
Grok AI will be available in Tesla vehicles next week "at the latest," the EV maker's CEO, Elon Musk, said in a post on X Thursday.
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Bitcoin Leaps to All-Time Peak Just Shy of $112K
Bitcoin climbed to an all-time high near $112,000 late Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency.
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Delta Expects Profit Boost on Capacity, Cost Controls
Delta Air Lines Thursday forecast a better-than-expected profit for the current quarter and full year as it expects the industry's efforts to align capacity with demand to improve pricing power.
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Wall St Rises as Nvidia's $4T Milestone Leads Gains
Wall Street indexes closed higher Wednesday after Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this year and the tech-heavy Nasdaq led gains as Nvidia briefly reached a $4...
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The Bull Market Is Alive and Well
The bull market is alive and well, even amid widespread talk of the "death of U.S. exceptionalism." Early 2025 saw a sharp shift in investor sentiment. Concerns over erratic trade policy, soaring debt, and weakening dollar pressure challenged America's long-standing market...
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Nvidia Becomes 1st Company to Hit $4 Trillion Market Cap
Chipmaker Nvidia became the first public company to top $4 trillion in value Wednesday after a two-year investor frenzy.
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Stocks Open Higher as Trade Talks Press Ahead
Stocks are opening higher on Wall Street as the Trump administration seeks to win more deals with global trading partners.
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Investors Set for 1st US Earnings Quarter Under Trade War
U.S. companies are getting ready to open their books on the second quarter, with investors looking for signs of an impact from President Donald Trump's trade war launched on April 2.
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WSJ: DOJ Probes Ex-UnitedHealth Staff on Medicare Billing
Investigators from the U.S. Department of Justice are questioning former employees of UnitedHealth Group over how the company deployed doctors and nurses to gather diagnoses that bolstered its Medicare payments.
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Merck Shells Out $10B for Lung Therapy Firm Verona
Merck will buy UK-based Verona Pharma for about $10 billion, the companies said Wednesday, strengthening the U.S. firm's respiratory treatment portfolio in a bid to diversify its revenue source beyond its blockbuster cancer drug.
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Dow Sinks a 2nd Day as Investors Seek Tariff Clarity
The S&P 500 ended Tuesday's choppy session slightly lower as investors yearned for clarity on U.S. trade policy after President Donald Trump's latest tariff threats dampened hopes around talks with some trade partners.
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Wartime Innovation Boosts Israeli Defense Tech, Draws World Interest
Israeli army reservist Zach Bergerson felt he had to take action when he saw fellow soldiers having to rely on their eyes and ears to detect swarms of enemy drones overhead.
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Wall Street Opens Mixed on Latest Tariff Salvo
The S&P 500 and the Nasdaq struggled for direction Tuesday, as anxiety over President Donald Trump's latest tariff salvo overshadowed investor hopes that fresh talks with U.S. trading partners might avert a full-blown global trade war.
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Hedge Funds Brave Market Gyrations to Deliver Positive Returns
Hedge fund returns climbed in June, as broader stock markets hit record highs and markets weathered turbulence around U.S. trade uncertainty, according to a Goldman Sachs report and sources familiar with the funds.