BMO downgrades this solar energy stock, says macro backdrop remains challenging
Analyst Ameet Thakkar lowered his rating on the stock to market perform from outperform.
White House secures voluntary pledges from Microsoft, Google to ensure A.I. tools are secure
Amazon, Anthropic, Google, Inflection, Meta, Microsoft and OpenAI each agreed Friday to a set of voluntary commitments in developing the technology.
Biden administration calls on employers to help keep people insured as millions lose Medicaid
HHS estimates that 3.8 million people who are expected to lose Medicaid are eligible for health insurance coverage through an employer.
Why Tesla investors should care about Elon Musk’s multiplying ventures
Tesla has never disclosed to its shareholders exactly how much talent, time and money it was willing to spend helping its CEO at his other ventures.
Federal Reserve officially launches new FedNow instant-payments service
The system will be available 24 hours, seven days a week and is open to interested banks and credit unions.
New York woman sentenced in ‘catfish’ extortion bid of CEO
The identity of the Harvard-educated CEO who was targeted for extortion by Sakoya Blackwood remains a secret after her sentencing in New York federal court.
Broadway union reaches tentative deal with management, averting strike
The strike would have added to the intense labor strife roiling the entertainment industry. Hollywood screenwriters and actors are on strike from coast to coast.
Johnson & Johnson investors can soon swap their shares for Kenvue stock — here’s what you need to know
J&J owns nearly 90% of Kenvue shares and plans to reduce its stake in the company through an exchange offer that could launch “as early as the coming days.”
‘Struggling for clarity’ in the spot bitcoin ETF pursuit
As applications for a spot bitcoin ETF head to the SEC, investors are weighing whether surveillance-sharing agreements will be the key to the approval process.
June home sales drop to the slowest pace in 14 years as short supply chokes the market
June home sales declined 18.9% compared with last year. That’s the slowest sales pace for June since 2009.
