The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as a sharp rise in semiconductor stocks led the market higher. The broad market index jumped 1.02%, closing at 5,633.91, and…
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Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors. “Tesla acting like a meme stock — sagging fundamentals, straight up price action,” the former chief investment officer and co-founder of Pimco…
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Business
Walmart is opening five automated distribution centers as it tries to keep its grocery dominance
by adminWalmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new facilities are roughly 700,000 square…
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Side hustlers are hustling a little less but making more when they do. About 36% of U.S. adults say they make extra money from a side job beyond their main source of income, according to…
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Business
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
by adminFederal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth. Setting the stage for a two-day appearance on Capitol Hill this week, the central bank…
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World News
Russia pledges to discharge Indians fighting for Moscow in Ukraine, New Delhi says
by adminRussia has promised to discharge Indian nationals who were “misled” into joining its army to fight in Ukraine, India’s foreign secretary said Tuesday. Indian Prime Minister Narendra Modi “strongly raised the issue of early discharge”…
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A former soldier who was sexually assaulted while serving in Japan’s military has reached a civil settlement with three of her convicted attackers in a case that exposed a widespread culture of harassment in the…
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World News
No music, no Western-style haircuts: UN report details life in Afghanistan under Taliban’s moral enforcers
by adminListening to music, smoking hookah, and getting a Western-style haircut are all punishable acts under the suffocating rule of the Taliban in Afghanistan, according to a new UN report. The Taliban’s so-called morality police have…
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World News
UN says ‘high likelihood’ a Russian cruise missile hit Ukraine’s main children’s hospital
by adminUkraine’s largest children’s hospital likely took a direct hit from a Russian missile on Monday, a United Nations assessment has found, as NATO agreed to strengthen Kyiv’s air defenses in the wake of the attack.…
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World News
American mountaineer’s body found by fellow US climbers 22 years after going missing in Peru
by adminThe body of an American mountaineer has been discovered by a pair of fellow US climbers 22 years after he went missing following an avalanche in the Peruvian Andes. American brothers Ryan Cooper and Wesley Waren found…