Why the Fitch downgrade is just an excuse for stocks to sell off
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Stocks were under […]
Business
Disney boss Bob Iger’s $33M mansion gets mass renovations amid ESPN layoffs
Disney CEO Bob Iger’s sprawling Los Angeles estate has been undergoing mass renovations amid a slew of shocking layoffs of some of ESPN’s top on-air […]
H&M sells $1.70 tops to compete with Chinese company Shein
H&M has slashed prices on some of its clothing to less than $2 to compete with Shein, the Chinese discount e-retail upstart that boomed during […]
Supreme Court to decide legality of SEC in-house enforcement
The US Supreme Court on Friday agreed to hear a bid by President Joe Biden’s administration to defend certain Securities and Exchange Commission in-house enforcement proceedings […]
Supreme Court’s student loan ruling: NY Times suggests death
You can’t beat death or taxes. But you can avoid having to pay off federal student loans — if the borrower kicks the bucket, according […]
Supreme Court’s student loan ruling could cut deficit by $300B
The US Supreme Court’s decision to strike down President Biden’s student debt relief would claw back more than $300 billion in costs associated with the program that were recognized […]
Modelo sales surge amid Bud Light-Dylan Mulvaney controversy
Constellation Brands first-quarter results topped Wall Street expectations on Friday, as the Corona beer maker benefited from higher pricing and steady demand for its alcoholic beverages. […]
New York tax revenue falls nearly 20% while Florida, Texas gain
New York state is reeling from a COVID-era exodus to low-tax locales as revenue during this fiscal year is down nearly 20%, according to a […]
Fed’s preferred inflation gauge drops to lowest point in 2 years
An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower […]
Virgin Galactic CEO slams space travel, Titan sub comparison
The chief executive of Richard Branson’s commercial space travel venture Virgin Galactic dismissed comparisons between his company and OceanGate Expeditions, the firm behind the doomed […]