Trump Media said Friday it has started rolling out a TV streaming service that aims to air “neglected” content on its social media platform Truth Social. The company’s stock price, which trades under the ticker DJT on the Nasdaq, jumped more than 6% Friday morning on the heels of the news. DJT shares had been in a slump since the share price briefly surged after former President Donald Trump, who is ...
If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served. “What is it they’re looking for?” Claudia Sahm, chief economist at New Century Advisors, said on CNBC just after the Fed concluded its meeting Wednesday. “The bar is getting set pretty high and ...
LOS ANGELES — A federal judge has overturned a jury’s $4.7 billion verdict in the class-action lawsuit filed by “Sunday Ticket” subscribers against the NFL and has granted judgment to the NFL. U.S. District Judge Philip Gutierrez ruled Thursday that the testimony of two witnesses for the subscribers had flawed methodologies and should have been excluded. “Without the testimonies of ...
Stocks sold off Thursday, with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The Dow dropped 494 points, or 1.2%. The S&P 500 shed 1.4%, while the Nasdaq Composite slipped 2.3%. The Russell 2000 index, the small-cap benchmark that has rallied lately, dropped 3%. Some fresh data raised the specter of an economic contraction and the notion that the ...
Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the biggest names in the tech sector. Intel shares fell 28% in morning trading on Friday, after the company reported a big miss on earnings in the June quarter and said it would lay off ...
U.S. orange production has plummeted as the industry faces volatile threats from extreme weather events, an incurable disease and economic pressures. Citrus growers are losing millions of dollars every year, according to the United States Department of Agriculture. At the same time, orange juice futures have hit record highs. “Citrus production in the United States [is a] pretty dire situation right ...
Yum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the end of this year. The restaurant company announced on Wednesday that it is expanding its rollout of the tech in the U.S. as it eyes implementing it in drive-thru lanes globally. Yum Brands joins restaurant rivals such as Wendy’s and White Castle in betting on voice AI, but ...
CarShield, a company that sells vehicle service contracts to automobile owners that it claims will cover the cost of certain repairs, has agreed to pay $10 million in a settlement with federal regulators over charges that its marketing tactics were deceptive and misleading. In a statement Wednesday, the Federal Trade Commission said CarShield, which employs celebrity endorsers including rapper and ...
Venu Sports, the sports streaming joint venture between Disney’s ESPN, Warner Bros. Discovery and Fox Corp., will cost $42.99 a month. The upcoming streaming platform announced its pricing on Thursday and said it plans to launch in the fall. It will offer a 7-day free trial. Further details are expected to be released when it launches. Venu is still pending regulatory approval. The goal is ...
The United Auto Workers has endorsed Vice President Kamala Harris over Republican presidential nominee and former President Donald Trump. The union’s endorsement shouldn’t be surprising. UAW President Shawn Fain has been outspoken against Trump. The Detroit union also has historically supported Democrats, including President Joe Biden. It comes after Biden withdrew his re-election bid and endorsed Harris to become the Democratic nominee against Trump. Fain and Trump ...