The S&P 500 and Nasdaq surged closer to record highs amid cooling inflation data and bond rallies, while Boeing’s struggles dragged the Dow down. Geopolitical tensions and tariff threats added uncertainty, yet market optimism persists.
US wholesale inflation rose in May, driven by higher costs for goods like steel and energy. While tariff impacts were minimal, businesses face challenges with profit margins. This could lead to higher retail prices, affecting consumers and economic recovery efforts.
The U.S. dollar faces its worst slump since the 1980s, driven by inflation and global shifts. A quick recovery seems unlikely amid economic uncertainties and de-dollarization trends. Businesses and consumers brace for higher costs and a changing financial landscape.
Senate Leader Chuck Schumer warns of a ‘DEFCON 1’ crisis over clean energy tax credits, rallying allies to defend vital climate incentives. As opposition grows, the fight for sustainable energy policies intensifies on Capitol Hill.
America’s favorite vegetable tops the 2025 EWG Shopper’s Guide as a pesticide-laden concern. The report highlights risks in everyday produce, urging consumers to consider organic options and advocate for safer farming practices while balancing cost and health.
A man was convicted for posing as a flight attendant, scamming over 120 free flights across four airlines. His years-long deception exposed security flaws, costing airlines thousands. This case urges the industry to tighten protocols and enhance verification to prevent future fraud.
A JetBlue plane skidded off the runway into grass at Logan Airport in Boston on Thursday morning. No injuries were reported, and emergency teams responded swiftly. The incident, under investigation, temporarily disrupted operations, raising questions about runway safety and maintenance.
Nvidia has excluded China from its financial forecasts due to US export controls on chip sales, as announced by its CEO. This strategic shift highlights geopolitical challenges and prompts the company to focus on alternative markets and innovation.
U.S. senators have proposed a ban on direct-to-consumer drug advertising, sparking debate over public health versus industry profits. This potential game-changer could reshape pharmaceutical marketing, raise drug pricing concerns, and alter patient access to health information.
The S&P 500 rose on Thursday, driven by a softer-than-expected inflation report and a tech rally led by Oracle. Positive economic data and strong corporate results boosted investor confidence, signaling potential relief from inflationary pressures and hinting at a stabilizing market.
