Former President Donald Trump took his fight with three massive tech companies to court, filing lawsuits that legal experts say are all but guaranteed to fail – even as they rally Republican voters, fundraisers and donors. Trump revealed Wednesday that he is suing Facebook, Twitter and Google, as well as […]
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Biden’s plans to raise taxes on corporations and the wealthy are losing momentum
U.S. President Joe Biden poses with supporters after touring King Orchards farm in Central Lake, Michigan, July 3, 2021. Joshua Roberts | Reuters Nearly six months into President Joe Biden’s administration, Wall Street remains divided over the likelihood, and impact of, one of the Democrat’s key campaign promises: higher taxes. […]
S&P 500 rises to new record as Big Tech stocks gain
The S&P 500 rose to a fresh record on Wednesday as investors poured back into trusty mega-cap technology stocks. The S&P 500 advanced 0.3% to a new intraday high after the index ended a seven-day winning streak in the previous session. The Dow Jones Industrial Average rose 90 points. The […]
Trump sues Twitter, Facebook, Google and CEOs Dorsey, Zuckerberg, Pichai
Former President Donald Trump speaks at Trump National Golf Club in Bedminster, N.J., Wednesday, July 7, 2021. Seth Wenig | AP Former President Donald Trump said Wednesday he is suing Facebook, Twitter and Google, as well as their respective CEOs Mark Zuckerberg, Jack Dorsey and Sundar Pichai. Trump, who has […]
China is cracking down on stocks that trade on U.S. exchanges. Here’s what it means if you hold them
Chinese President Xi Jinping attends the World Economic Forum WEF Virtual Event of the Davos Agenda and delivers a special address via video link in Beijing, capital of China, Jan. 25, 2021. Li Xueren | Xinhua News Agency | Getty Images China’s most powerful companies — including Didi, Alibaba and […]
S&P 500 is flat as rally continues pause, Big Tech stocks gain
The S&P 500 was flat on Wednesday, while mega-cap technology stocks gained, after the index ended a seven-day winning streak in the previous session. The Dow Jones Industrial Average fell about 80 points. The S&P 500 traded around the flatline and the technology-heavy Nasdaq Composite dipped 0.05% after hitting a […]
American Airlines says it flew three times as many passengers over July 4 weekend compared with 2020
An American Airlines plane lands at the Miami International Airport on June 16, 2021 in Miami, Florida. Joe Raedle | Getty Images American Airlines said it flew 2.7 million people over the July 4 holiday weekend, almost three times as many as last year as customers continue to return to […]
Bloomingdale’s is getting ready to open its first-ever Bloomie’s store. Here’s a look inside
A rendering of the exterior of Bloomingdale’s new small-format location, called Bloomie’s. Source: Bloomingdale’s PR Bloomie’s isn’t just a nickname anymore. The luxury department store chain Bloomingdale’s announced Wednesday that it will use the moniker for a new location, opening in Fairfax, Virginia, on Aug. 26. The word Bloomie’s has […]
U.S. stock futures are flat as rally to records pauses, tech stocks set to gain
U.S. stock futures were flat on Wednesday morning after the S&P 500 ended a seven-day winning streak. Technology stocks were set to lead again as the Nasdaq aims for another record open. Dow Jones Industrial Average futures fell just 10 points. S&P 500 futures rose 0.1% and Nasdaq 100 futures […]
Ex-Biden spokesman TJ Ducklo lands top PR job after quitting White House for reportedly threatening journalist
White House Deputy Press Secretary TJ Ducklo holds a paper sheet with names and headshots of reporters during a press briefing at the White House, in Washington, February 8, 2021. Carlos Barria | Reuters TJ Ducklo, President Joe Biden’s former deputy White House press secretary, is starting to work for […]