World Cup watch parties gave bars and restaurants a needed boost, Fed says
Soccer fans gather for a watch party at China Basin Park during the World Cup semi-final match between Spain and France on July 14, 2026 in San Francisco, California. Heather Diehl | Getty Images While the FIFA World Cup provided a tourism boost to host…
Trump blasts New York Gov. Hochul over AI data center moratorium
New York Gov. Kathy Hochul and U.S. President Donald Trump. David Dee Delgado | Reuters | Saul Loeb | AFP | Getty Images President Donald Trump slammed New York Gov. Kathy Hochul on Wednesday, saying in a Truth Social post that the state should change…
Hassett: No excuse to raise rates, Warsh will push Fed to right answer
National Economic Council Director Kevin Hassett said Wednesday he sees no argument for hiking interest rates in light of the latest data on the U.S. economy, including an «amazing» inflation report. «There’s not really an excuse for raising rates…
New York Fed President Williams says inflation has peaked, rates ‘well positioned’
New York Federal Reserve President John Williams said Wednesday that he sees multiple signs that inflation has peaked, allowing the central bank to hold interest rates in place despite market expectations for a hike in coming months. In a speech…
SpaceX stock sinks below $135 IPO price for the first time
People gather near a SpaceX advertisement outside the Nasdaq MarketSite, on the day of their initial public offering (IPO) in New York City, U.S., June 12, 2026. Brendan Mcdermid | Reuters SpaceX shares fell for a fourth-straight session on Wednesday,…
IRS chief Frank Bisignano will lead Trump accounts expansion
U.S. Social Security Administration Commissioner Frank Bisignano speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters The U.S.…
Trump warns U.S. strikes on Iran could get ‘really bad’ next week
US President Donald Trump speaks during a meeting with Prime Minister of Iraq Ali al-Zaidi in the Oval Office of the White House in Washington, DC, on July 14, 2026. Saul Loeb | Afp | Getty Images The U.S. launched a fresh round of strikes on Iran early…
PayPal stock jumps after reports Stripe, Advent are weighing $53 billion takeover
Samuel Boivin | Nurphoto | Getty Images PayPal jumped in premarket trading Wednesday after Stripe and Advent International reportedly made a joint offer to acquire the payments firm in a $53 billion deal. Payments firm Stripe and private equity company…
ASML hikes sales forecast on strong AI chip demand
ASML on Wednesday raised its guidance for the second time this year and reported stronger-than-expected quarterly results as its customers continue to ramp up production of AI chips. The Dutch semiconductor-equipment maker said it now expects full-year…
SK Hynix South Korean shares jump 11% as Asia tech stocks rally
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Tuesday, June 30, 2026. SeongJoon Cho | Bloomberg | Getty Images SK Hynix led a broad rally in Asian technology shares on Wednesday, tracking a rebound in U.S. semiconductor…