The decline on Friday came as shares of market darling Nvidia (NASDAQ: ) fell for a second day in a row. The broad market index fell 0.16% to close at 5464.62, while it fell 0.18% to 17689.36. It rose 15.57 points, or 0.04%, to end at 39,150.33. Shares of Nvidia fell 3.2%, after falling more … Read more
Months after opening a non-compliance case against Apple and the Digital Markets Act (DMA), the European Commission has shared its preliminary findings with Apple. And the bottom line is that the current App Store rules are in violation of the DMA. Confirmed violations of the DMA can lead to fines of up to 10% of … Read more
Some Wall Street banks, worried that owners of vacant and struggling office buildings won’t be able to pay their mortgages, have begun offloading their commercial real estate loan portfolios, hoping to cut their losses. It’s an early sign, but indicative of broader distress in the commercial real estate market, which is hurting from the twin … Read more
WASHINGTON (AP) – The Biden administration is announcing new steps to increase access to affordable housing as still-high prices for groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Secretary of the Treasury Janet Yellen will promote the new investments Monday during a visit … Read more
US stocks (^GSPC, ^DJI, ^IXIC) are mixed on Monday morning as the market awaits consumer confidence, GDP and initial jobless claims data. Personal Consumption Expenditure (PCE) data, the Federal Reserve’s preferred measure of inflation, is also scheduled for release. Carnival Cruises ( CCL ), FedEx ( FDX ), Nike ( NKE ), Micron ( MU … Read more
Alnylam stock rises on strong results in heart drug study 1 minute ago Shares of Alnylam Pharmaceuticals ( ALNY ) skyrocketed after the biopharma firm reported strong results from a late-stage study of its RNA interference drug for a rare heart disease. The company reported that a Phase 3 trial of its vutrisiran showed “a … Read more
California McDonald’s franchisee Scott Rodrick tells how the ‘ugly hand of inflation’ is affecting both sides of his business, the $20 minimum wage mandate and a new value meal at the chain. After facing a business “whirlwind” for more than two months, an open California McDonald’s franchise has been forced to permanently close one of … Read more