Demonstrator on the issue of net neutrality at the U.S. Capitol February 27, 2018 in Washington, DC. Getty Images Net neutrality is poised for a resurgence after the Federal Communications Commission voted Thursday to begin the process of reestablishing the so-called open internet rules. The vote revives a debate that […]
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U.S. State Department issues ‘worldwide caution’ alert as tensions in the Middle East soar
Palestinian civil defence members and others carry a youth after being rescued from a building hit by Israeli bombardment in Khan Yunis on the southern Gaza Strip on October 19, 2023. Mahmud Hams | Afp | Getty Images WASHINGTON — The U.S. State Department issued a worldwide caution alert on Thursday due […]
Jim Jordan backs plan to empower interim House speaker Patrick McHenry until January
U.S. Rep. Jim Jordan (R-OH) (R) talks to Speaker Pro Tempore Rep. Patrick McHenry (R-NC) as the House of Representatives prepares to hold a vote on a new Speaker of the House at the U.S. Capitol on October 18, 2023 in Washington, DC. Win Mcnamee | Getty Images Rep. Jim […]
Big banks are quietly cutting thousands of employees, and more layoffs are coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised […]
September home sales drop to the lowest level since the foreclosure crisis
Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 15.4% compared with September 2022. This is the slowest sales pace since October 2010, during the Great Recession, when the […]
Tesla shares sink 6% following earnings report, cautious commentary from Elon Musk
SpaceX and Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan forum on artificial intelligence at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Shares of Tesla tumbled more than 6% Thursday, a day after the electric automaker released third-quarter […]
U.S. weekly jobless claims total 198,000, fewer than expected
Jobseekers during a Construction Career Fair at Cape Fear Community College in Wilmington, North Carolina, US, Wednesday, March 15, 2023. Allison Joyce | Bloomberg | Getty Images Initial filings for unemployment benefits dipped last week, indicating that the U.S. labor market remains tight and a potential factor in persistent inflation. […]
10-year Treasury yield rises as high as 4.98% ahead of Powell speech
Treasury yields rose on Thursday, with the 10-year rate pushing closer to the key 5% level as investors awaited remarks from Federal Reserve Chairman Jerome Powell. The yield on the 10-year Treasury jumped 5 basis points to 4.95%. It had touched as high as 4.98% earlier in the session, trading […]
Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise
Thomas Trutschel | Photothek | Getty Images LOS ANGELES — Netflix shares surged Thursday morning, after the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant said after the market closed Wednesday that it had added […]
American Airlines posts third-quarter loss and trims 2023 profit forecast
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty Images American Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year, partly in response to higher fuel prices. The carrier said […]