U.S. News
CFRA gets more bullish, hikes S&P 500 year-end target to 8,050
The firm said the revision reflects a confluence of fundamental, technical and historical factors bolstering the market.
Rep. Jim Jordan, House Republicans raise alarms over new South Korean ‘fake news’ law
GOP members of the House Judiciary Committee on Thursday sent a letter to South Korean regulators raising concerns about a law they say will lead to censorship.
Fox won’t renegotiate NFL media rights before current deal expires, CEO Lachlan Murdoch says
Fox has decided not to renegotiate its current TV deal with the NFL until the expiration of the league’s opt-out clause in 2030, said CEO Lachlan Murdoch.
The divide between Eli Lilly and Novo Nordisk is widening after their latest earnings
As Lilly widens its lead in the obesity race, Novo is still racing to win back market share and restore investor confidence in its pipeline.
SpaceX stock could face further pressure as first batch of shares unlock since IPO
With the first tranche of SpaceX shares held by insiders unlocking, the stock could see downward pressure.
Restaurant Brands International earnings beat as Burger King’s U.S. business soars
Burger King’s U.S. business reported same-store sales growth of 8.5%.
Khanna to introduce ‘Data Center Bill of Rights’ as fight over AI power plants heats up
Michigan Democratic Senate candidate Abdul El-Sayed, who won a competitive primary Tuesday, has endorsed state and local moratoriums on data centers.
SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers
SpaceX is using Tesla’s big Megapack backup batteries to help power its Colossus AI data centers in Greater Memphis.
Fed Governor Cook says she’s ‘prepared to act’ on rate hike to address inflation
Cook was part of a 9-3 majority that voted last week to keep the central bank’s benchmark borrowing rate in a range between 3.5%-3.75%.
Etsy laying off 12% of staff in bid to streamline business, position for growth
Etsy announced the layoffs along with second-quarter earnings.
Meta debuts first AI coding agent to take on Anthropic and OpenAI
Meta released its first coding agent called Muse Code as the company ramps up its investments in AI models and services to try and take on Anthropic and OpenAI.
As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead
Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture.
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