Citi makes the bull case for defense stocks and gives its favorite picks
Wall Street is underestimating the growth potential of defense stocks, Citigroup believes.
Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows
On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.
Amazon’s Zoox under investigation by NHTSA after two crashes
Two Toyota Highlanders equipped with Zoox’s automated self-driving technology braked unexpectedly, causing motorcyclists to rear-end the vehicles.
Media companies look to woo advertisers as spending shifts to digital
Media giants are gearing up to woo advertisers at the annual Upfronts this week. Here’s what the media landscape looks like in a moment of disruption.
How new grads can land a job after college, even as employers cut back on class of 2024 hires
Those armed with a newly minted diploma are entering a job market that looks a little less promising than it did a year ago.
Squarespace to go private in $7 billion private-equity deal
Permira agreed to take Squarespace private less than three years after it first went public in 2021.
Jury selection begins in bribery case against Sen. Bob Menendez in New York
The New Jersey Democrat has pleaded not guilty to charges alleging he received “hundreds of thousands of dollars” in cash and gold bars in return for “official acts.”
How the Fed’s quest for transparency made markets more volatile
Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.
Biden administration says Israel is not violating U.S. weapons terms
The report to Congress said while it was “reasonable to assess” that Israel has violated international law in Gaza, the U.S. hasn’t been able to verify instances that would justify withholding military aid.
