Finance
Image
Trump Media closes Bitcoin deal with about 50 institutional investors
The deal will allow the company to trade $1.5 billion in stock and $1 billion in convertible notes for $2.5 billion in Bitcoin.
Image
S&P 500 closes out best month since 2023
The numbers come as tension with China remains high over an impending trade deal. Trump accused China of violating a "fast deal" he made with them after he imposed steep tariffs on the country, but later sounded optimistic that a trade deal was still possible.
Image
Moody's downgrades US credit rating over high deficit
The decision comes after the U.S. deficit for the current fiscal year hit $1.3 trillion last month, despite only being six months into the fiscal year, which began on October 1.
Image
Stock markets close at record highs following Federal Reserve cuts
The Dow Jones Industrial Average closed at 522 points on Thursday, which is a new record, and the S&P 500 also set a record by rising 1.7%. The Nasdaq Composite added 2.5%.
Image
Fed Chair Powell: Migrant border crisis causing rising unemployment
The slowing hiring rate is also a factor behind the growing unemployment, Powell said.
Image
Officials investigate death of Wells Fargo worker found in cubicle 4 days after last coming to work
A preliminary investigation did not reveal signs of foul play, according to police.
Image
Foot Locker relocating headquarters from New York to Florida to reduce costs
Foot Locker said it is looking to build its "meaningful presence in St. Petersburg and to enable increased collaboration among teams across banners and functions, while also reducing costs."
Image
Indiana issues cease and desist order against BlackRock, alleging misleading ESG statements
According to the Indiana Securities Division, BlackRock has repeatedly made false and misleading statements to Indiana investors with regards to the company’s ESG products. BlackRock denied the allegations, calling the action a "politically motivated attack."
Image
Left-leaning nonprofit reports guaranteed income study failed: people worked less, got less money
The study was titled "The Employment Effects of a Guaranteed Income: Experimental Evidence from Two U.S. States" and came out last month. The populist policy may garner votes, but will keep poor voters on the plantation.
Image
Home Depot says consumers are spending less on home improvement amid economic uncertainty
Home Depot's business is closely tied to the housing market, where prices are elevated nationwide. The median price of a previously owned home in the United States rose to $426,900 in June, which is an increase of 4.1% from the previous year.
Image
State financial officers warn ESG climate-disclosures would politicize accounting, drive up costs
"Not only would these climate disclosures politicize an otherwise apolitical practice, but it would impose substantial costs onto companies with no added benefits,” Alabama Auditor Andrew Sorrell said in a statement.
Image
Foreign investors withdrew billions from Chinese economy over the last three months
Chinese investors, moreover, are increasingly looking a broad for more favorable returns, expatriating $71 billion in the same three-month period.
Image
US stock markets see one of the biggest plunges in nearly two years
The Dow Jones Industrial Average dropped 1,034 points from Monday's opening, or 2.6%. The Nasdaq Composite lost 3.4%, and the S&P 500 dropped 3%.