Market News

Federal Reserve will reduce staff by 10% in coming years, Powell memo says - CNBC

The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including offering deferred resignation to some older employees, central bank Chair Jerome Powell said in a… [+1329 chars]

Stock Market Today: Dow Jones, S&P 500 Rally In Final Hour; CoreWeave Jumps To A New High (Live Coverage) - Investor's Business Daily

Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

FCC approves Verizon’s $20 billion merger after it commits to ‘ending’ DEI - The Verge

Verizon is reacquiring some of the fiber business it sold to Frontier in 2015.rnVerizon is reacquiring some of the fiber business it sold to Frontier in 2015.rnVerizons $20 billion deal to acquire th… [+2250 chars]

OpenAI introduces Codex, its first full-fledged AI agent for coding - Ars Technica

FAA license update brings SpaceX closer to next Starship launch - SpaceNews

WASHINGTON SpaceX is a step closer to winning regulatory approval for its next Starship test flight, a critical launch after the previous two failed.rnThe Federal Aviation Administration announced la… [+3381 chars]

These 8 portfolio stocks turned green in 2025, like the S&P 500. Their journeys in 2 charts - CNBC

With the post-election market rally starting to fade in late February, Wall Street was not having a banner year even before President Donald Trump's steep "reciprocal" tariff announcement on April 2 … [+3567 chars]

Delta CEO says air traffic control systems are so outdated that some commercial flight routes were faster in the 1950s than they are today - Fortune

US consumer sentiment slides to 3-year lows as trade war raises inflation anxiety - AP News

WASHINGTON (AP) U.S. consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President Donald Trumps trade war will worsen in… [+3430 chars]

Moody's downgrades U.S. credit rating, citing rising government debt - CBS News

The U.S. credit rating was downgraded by Moody's Ratings on Friday, highlighting investor concerns about the government's growing debt.rnThe downgrade from the top rating of Aaa to Aa1 "reflects the … [+2208 chars]

NJ Transit rail service shuts down as workers go on historic strike - Gothamist

A group of New Jersey Transit workers walked off the job as of 12:01 Friday morning a strike that could end up being one of the states biggest transportation disruptions in decades.rnUnion members sa… [+2310 chars]

Nvidia is trying to hold on to its business in China — as Huawei competition intensifies - MarketWatch

As Nvidia Corp. faces increasing challenges in China from U.S. trade restrictions and homegrown chip manufacturers, the Santa Clara, Calif.based company is looking for ways to keep its competitive ed… [+405 chars]

NJ Transit strike foists riders onto Amtrak, which charges $70 for a 17-minute ride - Gothamist

Newark Penn Station was a hive of confusion Friday morning as thousands of commuters struggled to navigate the first day of a transit strike that shut down all of NJ Transits rail service.rnRiders sq… [+4336 chars]

Novo Nordisk Sheds 3% After Ousting CEO As Eli Lilly Rivalry Slams Stock Price - Investor's Business Daily

Novo Nordisk (NVO) said Friday it will replace Chief Executive Lars Fruergaard Jorgensen, citing a sharp tumble for Novo shares amid growing competition for its popular diabetes and obesity drugs Oze… [+5972 chars]

Powell plans reductions in Fed staff through attrition - Politico

Powell said he had directed leadership across the Fed to find incremental ways to consolidate functions where appropriate, modernize some business practices, and ensure that we are right-sized and ab… [+1128 chars]

Nvidia, Cisco, Oracle and OpenAI are backing the UAE Stargate data center project - CNBC

U.S. tech giants Nvidia, Cisco, Oracle and OpenAI are supporting the "UAE Stargate" artificial intelligence data center announced this week, multiple people familiar with the deal confirmed Friday.rn… [+2157 chars]

REI’s anniversary sale is dropping prices on Garmins and other great outdoor gear - The Verge

You can save up to 30 percent on a ton of outdoor essentials, from smartwatches to stoves.rnYou can save up to 30 percent on a ton of outdoor essentials, from smartwatches to stoves.rnJust in time to… [+8327 chars]

Tesla’s robotaxi fleet will be powered by ‘plenty of teleoperation’ - Electrek

Teslas Austin robotaxi fleet will be powered by plenty of teleoperation as it cant screw up, according to a new report from Morgan Stanley after meeting with Tesla.rnYou wont hear anything negative a… [+2540 chars]

Watch These UnitedHealth Levels as Stock Rebounds After Plunging to 5-Year Low - Investopedia

• UnitedHealth shares jumped Friday after tumbling to a pandemic-era low on Thursday following reports that the company is being investigated for possible Medicare fraud.
• After staging … [+3185 chars]
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Over 20 Variations of Ice Cream and Frozen Yogurt Recalled for Contamination with Hard Plastics - AOL.com

• Popular nationwide frozen dessert company Wells Dairy has commenced a voluntary recall of nearly two dozen variations of ice cream and frozen yogurt the company says is contaminated with hard… [+4577 chars]
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Federal Reserve to reduce staff by 10% - Axios

The Federal Reserve system plans to reduce its staff count by 10% over the coming years, primarily through attrition, its leader told employees in an internal memo Friday.rnWhy it matters: The Fed is… [+2083 chars]

Stock Market Today: Dow up 150 points, S&P 500 and Nasdaq higher on favorable economic data and corporate earnings - MarketWatch