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Headline News Summaries, World News, and Breaking News Newser Current news summaries and breaking stories about politics, business, health, sports, technology, and entertainment. | Newser
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Wall Street week ahead: Federal Reserve decision on interest rates, retail sales update
1+ day, 11+ hour ago (240+ words) The central bank will close out its two-day meeting on Wednesday and could raise its benchmark interest rate in an effort to tame stubbornly high inflation. Wall Street will also get an update Wednesday on U.S. retail sales for August. That…...
Bond Selloff Nears Shaky Territory
3+ day, 3+ hour ago (227+ words) The bond market's long slide is nearing a point that has Wall Street on edge, the Wall Street Journal reports. Yields on the 10-year Treasury—the benchmark for everything... Bond Selloff Nears Shaky Territory The bond market's long slide is…...
Oil Prices Leap to Their Highest Since May
3+ day, 13+ hour ago (507+ words) Newser Oil Prices Leap to Their Highest Since May US stocks sank on Thursday after oil prices jumped back to where they were in May. - The S&P 500 fell 44.66 points, or 0.6%, to 7,591.70. its fourth straight loss. - The Dow Jones Industrial…...
Wholesale Inflation Is Rising Again
3+ day, 14+ hour ago (451+ words) Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. The Labor Department's... Wholesale Inflation Is Rising Again Wholesale inflation picked up last month after…...
Columnist Tries Out Apple's New Foldable iPhone
3+ day, 21+ hour ago (321+ words) Apple's debut foldable smartphone may not kill the iPad Mini, but it's making at least one longtime skeptic think twice. Writing for the Wall Street Journal, Nicole... Columnist Tries Out Apple's New Foldable iPhone Apple's debut foldable smartphone may not…...
Stocks Fall as Oil Surges Above $100 a Barrel
4+ day, 13+ hour ago (510+ words) Stocks fell on Wall Street on Wednesday as the price of crude oil topped $100 a barrel again. The S&P 500 fell 37.16 points, or 0.5%, to 7,636.36. The Dow Jones Industrial... Stocks Fall as Oil Surges Above $100 a Barrel Stocks fell on Wall…...
Apple's New CEO Unveils Foldable iPhone
4+ day, 14+ hour ago (421+ words) Apple's new boss used his first big moment to literally unfold a new era for the iPhone. John Ternus, who took over as CEO on Sept. 1, headlined Apple's product showcase... Apple's New CEO Unveils Foldable iPhone Apple's new boss used…...
Investors Underwhelmed at Treasury's Rare Move
4+ day, 15+ hour ago (196+ words) Washington is making a rare move to cool borrowing costs—but investors appear to be underwhelmed. The Treasury Department said it will buy back up to $6 billion of longer-term... Investors Underwhelmed at Treasury's Rare Move Washington is making a rare…...
Quantum Computing Firms Score $100M Each From US
4+ day, 20+ hour ago (276+ words) Quantum computing just pulled in a major cash infusion from Washington. D-Wave Quantum, Rigetti Computing, and Quantinuum have each locked in $100 million in CHIPS and Science... Quantum Computing Firms Score $100M Each From US Quantum computing just pulled in a major…...
He Was an 8th-Grade Dropout, Stole $245M Worth of Bitcoin
5+ day, 10+ hour ago (299+ words) Newser He Was an 8th-Grade Dropout, Stole $245M Worth of Bitcoin A 22-year-old man pleaded guilty on Tuesday to teaming up with friends to steal nearly a quarter-billion dollars in bitcoin from a Washington, DC, resident—one of the largest cryptocurrency…...