S&P 500 to break above 5,700 in the second half of 2024, Ned Davis Research says
The firm’s 5,725 price target is among the highest on Wall Street.
Pro-Trump businessman leads huge month for megadonors pouring cash into election
Timothy Mellon gave a pro-Trump super PAC $50 million the day after Trump’s conviction in New York, while Mike Bloomberg gave almost $20 million to help Biden.
$2 billion Baltimore bridge rebuild is test case for new national debate over infrastructure spending
The rebuilding of Key Bridge in Baltimore is part of an emerging debate in every U.S. state about how to rethink billions in spending on new infrastructure.
Treasury yields are little changed as traders weigh latest economic data
Treasury yields were little changed Friday as traders pored through the latest U.S. economic data in search of clues for when the Federal Reserve may cut rates.
Donald Sutherland, revered actor from ‘M*A*S*H’ movie and ‘The Hunger Games,’ dies at 88
Kiefer Sutherland described his father as “one of the most important actors in the history of film.”
Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
Chili’s and Applebee’s are among the casual-dining chains that have been trying to win over fast-food customers.
Startup Kinetic rolls out robots to fix electric cars, and someday robotaxis
Menlo Ventures, an early Uber investor, just led a $21 million round of funding in Kinetic, a startup making EV repairs quicker and less expensive.
Student loan forgiveness deadline is June 30. Here’s what borrowers need to know
Student loan borrowers have until the end of June to meet a deadline that could lead to quicker debt forgiveness.
OpenAI competitor Anthropic announces its most powerful AI yet
The company said Claude 3.5 Sonnet is faster than its previous leading model, Claude 3 Opus, and is the first model from Anthropic’s new Claude 3.5 family.
Trump Media plummets 15% as DJT stock sell-off deepens
Trump Media closed at $26.75 per share after heavy trading — more than 40% lower than the stock’s roughly $49 price at the start of June.
