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Stocks hit fresh all-time highs as strong earnings continue to power market rally
Jason Ma -
U.S. stocks powered higher on Monday as strong earnings overshadowed continued uncertainty on tariffs and the White House’s pressure on the Federal Reserve.The S&P 500 closed up 0.14%, and the Nasdaq rose 0.38%, paring gains after touching new all-time intraday highs....
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Scott Bessent turns up the heat on the Fed, demands probe as Powell’s future hangs in balance
Treasury Secretary Scott Bessent sharply escalated his criticisms of the Federal Reserve on Monday, publicly urging a comprehensive investigation into the central bank’s operations and effectiveness. In a news-making interview with CNBC, Bessent questioned whether the Federal Reserve has...
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Astronomer’s new interim CEO breaks his silence after the tech company’s viral scandal shook the internet
Pete DeJoy, Astronomer’s interim CEO, spoke out after taking over for Andy Byron, the ex-tech CEO at the center of an internet controversy and affair allegations, and underscored his commitment to employees and customers alike.Astronomer’s interim CEO addressed the...
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James Gunn said he thought his ‘career was over’ when Disney fired him: ‘I didn’t think I was gonna make another dime in this...
James Gunn is flying high right now. Superman, which he wrote and directed, has won two consecutive weeks at the box office, bringing in $235 million in its first 10 days. It’s an auspicious start for the inaugural film for...
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Anthropic banned AI in job interviews—now the $61.5 billion tech giant is doing a U-turn and letting applicants use bots, but only if it’s...
Hiring has become an all-out AI war with managers juggling thousands of fake applications from North Korea, meanwhile, job-seekers are grappling with automated interviewers. AI giant Anthropic even got ahead of the curve by (ironically) barring candidates from using...
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A weak housing market could deliver rate cuts and rescue the Fed from Trump
Jason Ma -
The Federal Reserve is keeping a close eye on President Donald Trump’s tariffs and how they will affect inflation, but the housing market may clear the way for lower rates—rescuing central bankers from the White House’s relentless pressure for...
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What CMOs wish their CEOs knew
– Marketing moves. Earlier this year, I had the pleasure of moderating a conversation between three high-level, repeat CMOs at March Capital’s annual Montgomery Summit in Los Angeles. In between discussion of the right time for a startup to...
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We’re about to find out if the crypto market is big enough to raise the price of U.S. bonds and the dollar
President Trump’s GENIUS Act legalizes stablecoins and requires them to be backed by U.S. dollars or Treasuries. That’s going to increase demand for dollar-backed assets and, maybe, cement the dollar’s reserve currency status. Bitcoin and Ether have both risen...
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Life atop China’s car market starting to look shaky for BYD
Life at the top is proving complex for China’s leading automaker, and there are fresh challenges on the horizon.BYD Co.’s monthly sales have stagnated of late and with the summer months being a traditionally slower time for consumer purchases,...
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What’s in the Epstein grand jury transcripts? Former prosecutor says ‘It’s not going to be much’
A Justice Department request to unseal grand jury transcripts in the prosecution of chronic sexual abuser Jeffrey Epstein and his former girlfriend is unlikely to produce much, if anything, to satisfy the public’s appetite for new revelations about the financier’s crimes, former federal...
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New Brazil development law risks Amazon deforestation – UN expert
A new law in Brazil could cause "significant environmental harm and human rights violations", and represents a "rollback for...