After brashly declaring he wanted to testify in his criminal trial, it appears increasingly unlikely that Donald Trump will do so, as the jury seems poised to hear closing arguments next week. Defendants rarely testify in their own defense, because their lawyers advise them that the risks of doing so, particularly when it comes to being questioned by prosecutors under ...
The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago. A trader at the New York Stock Exchange on Thursday, May 16, 2024, as the DOW reached 40,000.Courtney Crow / NYSE The 30-stock benchmark broke above 40,000 for the first time. The move comes as investors cheer the prospects of artificial intelligence boosting corporate profits and the ...
As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo Alto. The latest round of layoffs eliminated roles across the board — from entry-level positions to directors — and hit an array of departments, impacting factory workers, ...
Workers at two Mercedes-Benz factories in Alabama have voted against joining the United Auto Workers, the largest autoworkers union in the U.S., a blow to an effort to strengthen the presence of organized labor in the South. The Friday vote was seen as a bellwether for the ability of newly resurgent labor groups to successfully organize in a part of ...
Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from the move. What really matters is what underpins the market, namely, whether companies are seeing sustainable profits, where monetary and fiscal policy is positioned and what the future landscape is ...
What retail apocalypse? Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading consumers to buy couches and beds online, Wayfair is leaning into the most basic building blocks ...
LAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end of an era for a property credited with helping transform Sin City into an ultra-luxury resort destination. The July 17 closure will clear the way for major renovations and construction on the 80-acre (32-hectare) property, which is to reopen in ...
Six people were killed and two injured by gunfire at a political campaign event in Chiapas, Mexico on Thursday, according to a statement from the state Attorney General’s Office. A preliminary investigation found that the deaths occurred after a confrontation between armed civilians during an electoral campaign event that was attended by a candidate for the municipal presidency of La ...
Police have shot dead an armed attacker who was trying to set fire to a synagogue in the northern French city of Rouen, according to authorities. A male suspect entered the building early Friday morning and threw what appeared to be a Molotov cocktail, the local mayor said. The man climbed on top of a trash bin and got to ...
Trucks carrying humanitarian aid into Gaza have begun moving ashore after arriving through the floating pier built by the US military, according to the US Central Command (CENTCOM). The pier was anchored to a beach in Gaza on Thursday and will be used to funnel aid from various countries into the besieged strip, with most border crossings to the enclave ...