On Friday, Treasury Secretary Janet Yellen said that the United States may have enough reserves to delay a potential debt default until June 5. In a letter to House Speaker Kevin McCarthy, Yellen stated that the Treasury would have insufficient resources to meet the government’s obligations if Congress does not raise or suspend the debt
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Tech investors are showing more interest in artificial intelligence (AI) technology. The Nasdaq Composite has gained 2.5% in the past five days, marking its fifth-straight weekly gain, and is now up 24% for the year. The S&P 500 is up 9.5% for the year, while the Dow Jones Industrial Average is slightly down. This week’s
On Friday, the stock market experienced an increase in prices as traders became hopeful that lawmakers would soon reach a deal to raise the U.S. debt ceiling, thereby averting a potentially disastrous default. The Dow Jones Industrial Average rose by 1%, or 328.69 points, to settle at 33,093.34. The S&P 500 also experienced a gain
The Arizona Cardinals have released wide receiver DeAndre Hopkins, according to an announcement made on Friday. Hopkins’ future with the team had been in question since the end of the 2022 season due to his team-high $30.75 million cap hit, which was the highest among wide receivers in the NFL and the seventh highest overall.
The California Film Commission, which administers the tax credits program, has revealed that half of the 46 projects currently in the California film incentives program have submitted “force majeure” requests seeking waivers to extend their mandated start-date requirements due to the ongoing Writers Guild strike. The number of approved film and TV projects seeking force
Marvell Technology saw a significant surge of approximately 32% in its share price during overnight trading on Friday. This came after the chipmaker announced its quarterly earnings results, which exceeded expectations on both the top and bottom lines. The company reported adjusted earnings per share of 31 cents for the first quarter, beating the Refinitiv
Luton Town FC, a club that won promotion from the National League just nine years after being relegated to it, is one game away from the Premier League. If Luton defeats Coventry City in the EFL Championship Play-Off Final on Saturday, the Hatters will have made the journey from non-league to the Premier League in
Ford Motor and Tesla have announced a surprise deal on electric vehicle (EV) charging technology and infrastructure that could put new pressure on other automakers’ EV strategies. The agreement will allow Ford owners access to more than 12,000 Tesla Superchargers across the US and Canada from early next year. Moreover, Ford’s next generation of EVs
Sarah Rhoads, who was responsible for Amazon’s air cargo business, has been shifted to oversee the e-retailer’s workplace health and safety division. John Felton, Amazon’s head of worldwide operations, announced this in a memo to staffers on Thursday. Rhoads will also oversee Amazon’s global operations learning and development unit. Rhoads’ Background and Success Felton wrote
Major League Baseball (MLB) commissioner, Rob Manfred, has announced that a vote on the Oakland Athletics’ prospective move to Las Vegas could take place when MLB owners meet in New York on June 13-15. The Athletics have been seeking a new ballpark to replace Oakland Coliseum, which has been their home park since they arrived