Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of travel is clear, and…
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Shares of Molten Ventures are expected to soar by 130% over the next 12 months, according to one investment bank. The London-listed stock of the tech venture capitalist company is a “rare” and “attractive” investment opportunity thanks to several factors, according to Berenberg’s analysts. First, Molten’s shares fell by 65% last year in tandem with its peers in the…
Explosion in Houston captured on home video Source: Joey Charpentier A massive explosion at a machine shop ripped through a Houston neighborhood early on Friday morning, killing at least two people and damaging homes while sending out blast waves for miles. The pre-dawn explosion devastated two working-class neighborhoods surrounding the Watson Grinding and Manufacturing facility in northwest Houston, leaving…
Vice President Kamala Harris said Republican presidential nominee Donald Trump “wants to be an autocrat,” as she accepted the Democratic presidential nomination in Chicago on Thursday night. “I will not cozy up to tyrants and dictators like Kim Jong-Un, who are rooting for Trump,” said Harris. “Because they know he is easy to manipulate with flattery and favors,” the…
A smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024. Anna Barclay | Getty Images Former President Donald Trump will soon be free to start unloading his multibillion-dollar stake in his fledgling social media startup, Trump Media. But the potential payday — Trump’s stake comprises more than half of his on-paper net worth, per…
A Burger King Whopper hamburger is displayed in San Anselmo, California, on April 5, 2022. Justin Sullivan | Getty Images Walmart members are in for a whopper of a deal. The retailer on Thursday announced a new partnership with fast-food chain Burger King that will offer members of its Walmart+ subscription program 25% off any Burger King order made…
Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue. Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close. Here is what the company reported for the…
Two Japanese companies have teamed up to achieve one big goal: producing hydrogen on the moon. Takasago Thermal Engineering has designed a mini electrolyzer that can adapt to low gravity and endure a rocket’s intense vibrations during liftoff. Once in space, the hydrogen-making machine will be operated remotely from ispace’s Mission Control Center in Tokyo. “We started to study…
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Images for Dropbox Zoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected results for the second quarter and raised its full-year guidance. The stock rose 13% to close at…
