News from the economy, politics and the financial markets
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Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging
Uber and Disney pointed to a resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips.
Apollo CEO Rowan warns of market correction, slams ‘egregious’ practices at rival insurers
Apollo CEO Marc Rowan warned that markets face an elevated risk of unexpected shocks, saying he is positioning the firm defensively for an expected correction.
Epstein files: Commerce Sec. Howard Lutnick answering questions from House panel
Howard Lutnick admitted to a Senate committee in February that he and his family visited Epstein's private island in the U.S. Virgin Islands in 2012.
SpaceX and Anthropic mega-IPOs could mark end of bull run, Bank of America suggests
Rule changes for faster inclusion and rejiggering the math on free float multiples "smack of late-stage machinations," the bank said.
Trump says Iran will be bombed at a 'much higher level' if it doesn't agree to peace deal
Washington reportedly expects responses from Tehran on several key points within the next 48 hours.
Berkshire-owned distribution giant to deploy driverless big rigs across U.S. Sun Belt
Berkshire Hathaway-owned McLane, one of America's biggest distribution companies, is deploying self-driving big rigs with Aurora for its restaurants business.
Ending soon: All-time high Marriott card bonus offers worth up to 200,000 points
These Marriott Bonvoy credit card welcome bonuses are at all-time highs, but they won't be for much longer.
Ken Griffin: Citadel expanding in Miami in response to NYC mayor Mamdani's 'poor taste' tax video
Mamdani's office said in response to Griffin, "our tax system is fundamentally broken. It rewards extreme wealth while working people are pushed to the brink."
Supreme Court declines to pause order holding Apple in contempt in Epic Games lawsuit
Justice Elena Kagan declined to pause an appeals court ruling that deemed Apple in contempt in the Epic lawsuit contesting App Store fees.
Ted Turner, outspoken founder of CNN, dies at 87
Ted Turner, the brash sportsman and entrepreneur whose ambition and instincts led to a media empire that included groundbreaking news network CNN, has died.
Bitcoin's rally is gaining respect. How to trade it using options
Tony Zhang breaks down this options trade tied to a recovery in bitcoin.
Car payments squeeze Americans as auto debt hits $1.68 trillion, report finds
Auto debt has swelled to $1.68 trillion, a new analysis finds. Americans face costlier vehicles, higher interest rates and lengthier loan terms.
Disney pops 7% after streaming, parks drive revenue beat in first report under CEO Josh D'Amaro
Disney revenue topped analyst expectations when the media giant reported its fiscal second-quarter earnings on Wednesday.
Private payrolls rose by 109,000 in April, topping expectations, ADP says
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
Mortgage rates hit the highest level in a month, causing first-time homebuyers to drop out
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.
Lufthansa faces nearly $2 billion in extra fuel costs amid Middle East conflict
Germany's largest airline, Lufthansa, is taking on additional fuel costs as the Middle East conflict poses 'enormous challenges.'
Oil prices fall as Trump pauses Hormuz escort effort
Oil prices fell after Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz, raising hopes of a potential deal with Iran.
China hosts Iran's top diplomat just days ahead of Trump's high-stakes visit
Iran's Foreign Minister Abbas Araghchi trip to Beijing on Wednesday marks the first time he has visited China since the beginning of the Iran war.
Ken Griffin: We will create jobs in Miami as a consequence of NYC Mayor Mamdani's wealth tax video
Ken Griffin, CEO of Citadel, reacts to New York City Mayor Zohran Mamdani's push to tax the rich, including a video filmed outside of Griffin's Manhattan apartment.
Wednesday's big stock stories: What’s likely to move the market in the next trading session
The S&P 500 and Nasdaq Composite rose to fresh records on Tuesday, powered by falling oil prices and solid quarterly earnings reports.
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