Ken Griffin: Citadel expanding in Miami in response to NYC mayor Mamdani’s ‘poor taste’ tax video
Mamdani’s office said in response to Griffin, “our tax system is fundamentally broken. It rewards extreme wealth while working people are pushed to the brink.”
From jewelers to health tech, CEOs want tariff refunds as earnings take a hit
Philips and Pandora on Wednesday announced their intentions to apply for tariff rebates in the aftermath of President Trump’s “liberation day” blitz.
Mortgage rates hit the highest level in a month, causing first-time homebuyers to drop out
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.
Restaurant Brands International earnings top estimates, fueled by Burger King turnaround
Restaurant Brands International reported quarterly earnings and revenue that topped Wall Street’s estimates.
Super Micro stock jumps 18% on guidance beat as revenue more than doubles
Super Micro pointed to progress in U.S. manufacturing in issuing a stronger-than-expected quarterly forecast.
EV maker Lucid suspends production guidance amid incoming CEO’s business review
Lucid Group said it will make moves to better align its production with customer demand for its luxury all-electric vehicles.
Oil prices above $110 are starting to matter to the stock market again
The correlation between stocks and oil, which is the most inverted it’s been in 20 years, is starting to reverse.
Jerome Powell making a ‘significant mistake’ by staying on at the Fed, Sen. Tim Scott says
Federal Reserve Chair Jerome Powell has said he plans to remain a member of the Federal Reserve board after his term as chair expires this month.
Microsoft Xbox CEO overhauls leadership amid sinking sales: ‘We need to evolve how we work’
Asha Sharma, the former Instacart and Meta executive who took over Xbox at Microsoft, said the unit doesn’t spend enough time with developers and players.
Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown
The “Universal Electric Vehicle” platform is expected to be key to Ford transforming its EV unit from billions of dollars in annual losses to breakeven by 2029.
