Fisker files for bankruptcy protection in wave of EV startups, moment of déjà vu for its founder
Consumer adoption for EVs has grown slower than expected, costs have risen and investor interest in EVs other than Tesla has dried up.
House Ethics Committee expands Rep. Matt Gaetz sexual misconduct investigation
Rep. Matt Gaetz, a Florida Republican, is being eyed over allegations of sexual misconduct, illicit drug use and obstructing government probes.
Trump gag order appeal dismissed by New York’s top court
Former President Donald Trump was found guilty of falsifying business records as part of a scheme to hide a hush money payment to porn star Stormy Daniels.
Amazon Labor Union votes to join forces with Teamsters
The new agreement could pressure Amazon to come to the bargaining table after contract negotiations stalled.
May retail sales rise 0.1%, weaker than expected
Retail sales were expected to rise 0.2% in May, according to the Dow Jones consensus estimate.
Disease, drought and alternative fruits: The orange juice industry is in crisis
The crisis has even prompted some orange juice manufacturers and blenders to explore whether alternative fruits can be used to make the breakfast staple.
Treasury yields retreat as weak retail sales raise concerns about consumer
U.S. Treasury bond yields fell Tuesday following the release of May retail sales data.
FDA approves Merck vaccine designed to protect adults from bacteria that can cause pneumonia, serious infections
Merck’s shot protects against 21 strains of that bacteria to prevent a severe form of pneumococcal disease and a lung infection called pneumonia.
Goldman gives its four scenarios for year-end, from a megacap super rally to a recession-driven decline
In its base case, the Wall Street investment bank anticipates the S&P 500 has further to climb. But it also laid out several alternative outcomes.
AI hype is supportive of stock valuations, but cracks are emerging elsewhere, warns Schwab’s Sonders
Sonders said market churn and under-the-surface weakness could persist for a while.
