The S&P 500 reached a new record high, with investors buoyed by signs of easing global trade tensions. The broad-based index rose 32 points, or 0.5%, to close at 6,173, surpassing its previous all-time high in February of 6,144. The S&P 500 has jumped roughly 24% since dropping sharply in …
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The Air India plane crash on Thursday is putting a renewed spotlight on Boeing, the manufacturer of the 787-8 Dreamliner aircraft that crashed in the western Indian city of Ahmedabad with 242 passengers and crew on board. Boeing says the 787-8 is the aviation industry’s “best-selling passenger widebody of all …
Read More »The original Hermès Birkin bag, once worn by the late actor and singer Jane Birkin, is heading to auction at Sotheby’s this summer. The leather handbag inspired what would be become one of the world’s most desired, hard to acquire and priciest fashion accessories. While the auction house resells a …
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GameStop on Wednesday announced it has bought 4,710 bitcoin, worth over $500 million, as the video game retailer makes its first major foray into cryptocurrency. In March, GameStop announced that its board of directors had unanimously approved its purchase of bitcoin as a treasury reserve asset. GameStop’s stock price jumped …
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The average rate on a 30-year mortgage eased this week to the lowest level in 15 months, providing slight relief for U.S. home shoppers navigating a brutal housing market. The rate fell to 6.46% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged …
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Feminist publication Jezebel is shutting down after 16 years, its parent company G/O Media announced in a memo to employees Thursday. The media group said it is also laying off 23 employees, including the staff of Jezebel, across its digital platforms. “As of this week we are making the very, …
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A federal rule that took effect on Tuesday will largely consign one of the world’s great inventions — the incandescent light bulb — to the technological dustbin. The rule from the U.S. Department of Energy bans the production and sale of traditional light bulbs in the U.S., encouraging consumers to …
Read More »Lowe’s has rehired a Georgia employee who had been fired by the home improvement chain after she attempted to stop shoplifters, getting a black eye in the process. Her firing sparked a social media backlash against the company, with hundreds of Facebook users posting criticisms. Lowe’s fired Donna Hansbrough, 68, …
Read More »The 65,000 Hollywood actors now on strike in the U.S. have much in common with the 11,000 script writers who remain off the job because of a labor dispute with the motion picture studios. Among those shared grievances: concerns that studio executives want to replace them with artificial intelligence. For …
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Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing. In early May electronics company Foxconn wavered on a $170 million investment in Lordstown. The Ohio company said in a regulatory filing at …
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