Stocks closed lower on Wall Street after a big jump last week on hopes for interest rate cuts from the Federal Reserve. The S&P 500 fell 0.4% Monday. The Dow Jones Industrial Average gave back 0.8% after setting a record on Friday. Tech stocks did better than the rest of the market, leaving the Nasdaq
President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal completed just a couple weeks after he depicted the company’s CEO as unfit for the job. “The United States of America now fully owns and controls 10% of INTEL, a Great American
The Supreme Court on Thursday refused for now to block enforcement of a Mississippi law aimed at regulating the use of social media by children, an issue of growing national concern. The justices rejected an emergency appeal from a tech industry group representing major platforms like Facebook, X and YouTube. NetChoice is challenging laws passed
New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income. The trend helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs. The analysis by the JPMorganChase Institute examined the accounts
The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season. The rate fell to 6.64% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the