Micron stock jumps 19% after blockbuster earnings, leading chip rally
The company's revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion, it reported on Wednesday
Wendy's shares soar for a second day as retail investors pile into their new meme darling
The stock's advance appeared largely disconnected from company fundamentals and instead reflected a burst of social-media enthusiasm.
JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
The moves would appear to make Doug Petno and Troy Rohrbaugh the most obvious possible successors to JPMorgan Chase CEO Jamie Dimon.
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
Business
US Inflation Climbs as Consumers Spent More in May
US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years. Inflation-adjusted consumer spending rose 0.3% from a month earlier. The personal consumption expenditures price index rose 4.1% last month from a year earlier. Enda Curran reports. (Source: Bl
Bank of America says correction risks are rising, add protection into Q3
Wall Street is riding high this quarter. Bank of America thinks there may be some turbulence once the third quarter begins.
I tried and ranked every shake at Shake Shack, including the Dubai Chocolate. A classic earned the No. 1 spot.
Shake Shack introduced three limited-edition flavors for the summer. Here's how they compare to the chain's other shakes.
It's official: Your next MacBook and iPad just got more expensive as Apple raises prices by as much as $300
Apple CEO Tim Cook had earlier warned of price hikes due to the memory chip shortage, saying "price increases are unavoidable."
Business
Venezuela Earthquake Death Toll Rises to at Least 164
At least 164 people are dead and 1,000 injured after back-to-back earthquakes struck Venezuela on Wednesday. Buildings have collapsed and roads buckled. People took to the streets and looked for cover. A magnitude 7.2 earthquake struck first followed by a magnitude 7.5 quake less than a minute later
The world’s top-performing stock market still isn’t a developed market. Here’s why, according to the MSCI chief
MSCI CEO Henry Fernandez said South Korea's stock market still falls short of developed market standards.
Business
The ever weirder world of venture capital
Why the Power Law remains a guiding principle of the high-risk, high-reward VC game
Business
Wendy’s Shares Set to Extend Rally as Meme-Stock Crowd Piles In
Shares of Wendy’s Co. are poised to extend their advance for a second day as the meme-stock crowd pushes the iconic American burger chain stock even higher.
Apple raises prices on MacBook and iPad due to memory crunch, hints at more to come
Tim Cook said last week that Apple would hike prices due to surging memory and storage costs.
I skip the crowds of Martha's Vineyard to visit a smaller seaside town near Boston. It's less expensive and just as beautiful.
As a New England local, I skip Martha's Vineyard and head to a nearby coastal Massachusetts town instead. Rockport is less crowded and cheaper.
We just got a better idea about who might succeed Jamie Dimon as JPMorgan CEO
Dimon, who turned 70 in March, has been JPMorgan's boss for two decades, steering it through the financial crisis.
Business
Why Fed Chairman Warsh’s Pivot Risks Confusing Markets
Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, says streamlining the Federal Open Market Committee’s policy statement is appropriate, but Federal Reserve Chairman Kevin Warsh needs to make changes with greater care than he has shown to date. Dudley says Warsh may risk co
Treasuries Climb as Benign US Inflation Eases Bets on a Fed Hike
Short-term Treasuries jumped as a benign reading of the Federal Reserve’s favored inflation gauge slightly dragged on traders’ expectations for an interest-rate hike in the months ahead.
Business
Anthropic has hired an economist with . . .  interesting views on human survival
Skynet versus unending rainbows
Business
Jamie Dimon promotes two potential successors at JPMorgan
Marianne Lake leaves bank as Doug Petno and Troy Rohrbaugh handed two of its largest divisions
More than 1,000 stores are set to open across the US in 2026. See our list.
US retailers like Costco and Walmart are expanding in 2026. However, store closures outpace openings so far.