News from the economy, politics and the financial markets
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Why FedEx is down after a strong quarter — and its impact on our stock rating
We knew this report would be transitional, even messy, given the separation of FedEx Freight.
MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI's Developed Markets watchlist.
House passes affordable housing bill, sends it to Trump's desk
The House on Tuesday gave final passage to a bill aimed at lowering costs for homebuyers and reining in private equity.
Wednesday's big stock stories: What’s likely to move the market in the next trading session
A global rout in tech stocks led to the S&P 500 falling 1.4% and the Nasdaq Composite tumbling 2.2% on Tuesday. Micron Technology suffered a 13% slide.
The biggest wealth transfer in history is here: how the next generation will spend the trillions
The greatest wealth transfer is underway, and heirs around the world who are set to inherit billions are preparing to use the money very differently from the generations that built it.
FedEx posts strong earnings results in last quarter with freight business
FedEx posted strong fiscal fourth quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin-off.
South Korea's stock market just had one of its worst days ever. Why Morgan Stanley says it's not breaking down
The Kospi index fell about 10% in Tuesday's session, marking its worst session since March.
CFTC sues Kentucky over actions against prediction markets, making it first red state to face federal scrutiny
The commission has now sued nine states in its battle to defend what it sees as its exclusive right to regulate event contracts.
5 best credit unions for auto loans in July 2026
Credit unions often offer lower interest rates on car loans and tend to be more flexible when working with borrowers who have poor credit.
Bill Gates testimony on Jeffrey Epstein ties released by House oversight panel
"I should never have met with Epstein in the first place," Bill Gates told members of the House Oversight and Government Reform Committee.
Senate backs Iran war powers resolution as GOP pressure grows on Trump's deal to end war
Senate Republicans want more details on Trump’s Iran deal as questions swirl around sanctions relief, nuclear restrictions and congressional approval.
Micron leads the big tech sell-off. What the charts show about the next big catalyst
We can gain valuable insight when we look at longer-term trends that help us rise above the inevitable near-term noise in this secular AI-driven bull market.
Mamdani-backed candidates are likely to win in NYC primaries, prediction market traders expect
Voters are heading to the polls in New York, with four competitive races in Democratic congressional primaries in focus.
Meta is building a prediction markets app. These stocks fell in response
The report said that CEO Mark Zuckerberg directed staff to develop a prediction markets platform, internally known as "Arena."
SpaceX seeing some interest from short sellers, but many still afraid to bet against Musk
About 40 million SpaceX shares are sold short, roughly 5% to 7% of the shares that are publicly available to trade, according to an estimate by S3 Partners.
Could there be a $10 trillion company? Tech investing star Laffont thinks so
A new regime of trillion-dollar companies is replacing the 'Magnificent Seven.'
Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says
More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Hormuz Strait in a large-scale evacuation plan backed by Iran and the U.S.
PGA Tour CEO Brian Rolapp unveils sweeping changes to professional golf
Changes to the PGA Tour are designed to elevate competition and raise payouts for winners.
Inside Kevin Warsh's selection process for the next Atlanta Fed president
Choosing a new head for the Federal Reserve Bank of Atlanta is an opportunity for new Fed Chairman Kevin Warsh to reshape the central bank.
Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
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