What to know ahead of Friday’s Russell index rebalancing
Two sectors are expected to have an outsized impact on Russell’s indexes in the year ahead.
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
The core personal consumption expenditures price index was expected to increase 0.1% in May and 2.6% from a year ago.
Fed and European Central Bank could cut interest rates in September, Morgan Stanley strategist says
The U.S. Federal Reserve and European Central Bank could move to cut rates in September, a Morgan Stanley strategist said Friday.
Peter Thiel says, ‘If you hold a gun to my head I’ll vote for Trump’ though he isn’t backing campaign
Peter Thiel said on Thursday that he’d vote for Donald Trump over Joe Biden but he won’t provide money to Republican presumptive nominee’s super PAC.
Bronny James picked up by the Lakers in second round of NBA draft
Bronny James could play alongside his father, LeBron James, on the court next season — a goal the elder James has hoped for publicly.
How some venture capitalists are trying to lift the profile of LGBTQ+ founders
A growing number of venture capitalists are backing LGBTQ+ founders in an effort to help them scale their companies and create jobs.
There’s a big Fed inflation reading coming Friday. Here’s what to expect
There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.
Freight train derails in Chicago suburb, triggering evacuations over suspected leak
Canadian National Railway said the derailment in Matteson, Illinois, involved about 10 cars “carrying various substances.”
OpenAI, Microsoft sued by Center for Investigative Reporting as news industry bolsters attack on AI
Following lawsuits filed by The New York Times and other publications, the Center for Investigative Reporting is now taking on OpenAI and Microsoft.
Supreme Court allows emergency abortions in Idaho for now
The court opted against deciding whether Idaho’s abortion ban conflicts with a federal law that sets standards for hospital emergency room care, leaving legal question unresolved.
