Senate confirms Kevin Warsh as Fed governor, clears way for chair vote
The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis.
Consumer prices rose 3.8% annually in April, the highest since May 2023
The consumer price index was expected to increase by 3.7% annually in April, according to the Dow Jones consensus.
Hims & Hers plummets 13% after first-quarter loss, weak earnings guidance
Hims & Hers reached a deal with Novo Nordisk in March to sell its GLP-1 weight loss drug Wegovy on its platform.
EBay rejects GameStop’s $56 billion takeover bid, calling it ‘neither credible nor attractive’
Many analysts questioned the deal, citing concerns about how GameStop would finance the transaction and the strategic rationale.
What’s at stake for trade, Taiwan and Iran in Trump’s high-risk summit with China’s Xi
China experts anticipate Trump and Xi may announce trade deals or other agreements, such as a Chinese purchase of U.S. agricultural products or Boeing aircraft.
Amazon accelerates delivery race with 30-minute drop-offs in dozens of U.S. cities
Amazon has been gradually speeding up its delivery windows, after getting customers hooked on two-day and next-day shipping.
The stock market has only done this 3 times since the Gulf War. It’s not a good sign
The poor breadth in the stock market is drawing comparisons to the late 1990s, and worrying investors.
Former Tesla CFO Deepak Ahuja joins EV battery recycler Redwood Materials
Before joining Redwood Materials, Ahuja served as chief financial and business officer at the drone delivery startup Zipline for about three years.
April home sales disappoint as higher mortgage rates weigh on buyers
Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.
April home sales disappoint as higher mortgage rates weigh on buyers
Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.
