Nvidia hits $3 trillion market cap on back of AI boom
Nvidia surpassed $3 trillion in market cap during intraday trading on Wednesday.
FTC prepares to sue largest U.S. alcohol distributor, alleging ‘secret kickbacks’
Southern Glazer’s made $26 billion in revenue last year. The FTC is likely to allege it has been providing “secret kickbacks” to large retail customers.
Opinion: A value-added tax is one solution to the crippling debt problem
There is only one way to raise the amounts needed to make a difference and reduce the deficit.
New York City’s first-in-the-nation congestion pricing shelved indefinitely
The toll program, years in the making, had been set to roll out later this month.
Manhattan DA opposes Trump bid to lift gag order after hush money conviction
Former President Donald Trump faces sentencing in a New York court next month for crimes related to hush money payment to porn star Stormy Daniel.
World likely to blast beyond grim warming milestone in the next 5 years, UN weather agency says
On Wednesday, the weather arm of the United Nations said that within the next five years, the world likely will surpass a key warming threshold briefly.
Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
Private job creation slowed more than expected in May, signaling further slowing in the labor market.
Electric air taxi maker Archer Aviation gets key FAA sign-off
The FAA granted Archer Aviation its Part 135 certificate, “which allows us to effectively become an airline,” CEO Adam Goldstein told CNBC.
Mortgage demand falls for the second straight week, but all eyes are on Friday’s jobs report
Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week.
