News from the economy, politics and the financial markets
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Latest news
Virginia judge blocks redistricting referendum result that boosted Democrats' election hopes
Virginia voted by a slim margin on Tuesday to approve U.S. House district maps that could allow Democrats to flip four seats in the state this November.
Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
The airline reported that revenue in its first-quarter period rose nearly 13% to $7.25 billion.
Lululemon names former Nike exec Heidi O'Neill as new CEO
Lululemon announced on Wednesday that it has chosen former Nike executive Heidi O'Neill as its new CEO, effective in September.
Trump administration in advanced talks for Spirit Airlines rescue package, sources say
The Trump administration is preparing to rescue ailing budget carrier Spirit Airlines.
Kalshi suspends, fines 3 congressional candidates in 'insider trading' enforcement actions
The incidents involved a candidate from Virginia seeking a Senate seat and candidates running for House seats from Minnesota and Texas.
BMW says it has no intention of dropping sedans, even as some rivals cut back
The BMW 7-Series gets one of the most extensive updates any model has received in company history, according to BMW. It will be the first to spearhead
RFK Jr. says he would support a potential ban on junk food TV ads
A ban on TV junk food ads would likely draw fierce backlash from major food manufacturers.
The much-hyped great rotation out of tech for 2026 may be over already
What had been the winners as investors moved money out of technology, are themselves now lagging as growth stocks regain favor.
Strait of Hormuz remains basically closed as Iran seizes ships after Trump ceasefire extension
Ship traffic in the Strait of Hormuz is still way below normal levels before the war when more than 100 vessels crossed daily.
Pirro says DOJ won't drop Fed probe, will appeal judge's order blocking Powell subpoenas
Powell has accused the DOJ of targeting him for refusing to obey Trump's demand that the Fed sharply lower interest rates.
Kevin Warsh gave his preferred way for measuring inflation. It could come back to bite him
But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.
We're adding a speculative stock to our Bullpen that can benefit from the AI data center boom
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
BlackRock says investors need to look beyond the 60/40. Here’s how it is diversifying portfolios right now
The Iran war sent the stock-bond correlation to its highest level in two years, says BlackRock.
Bessent says 'many' U.S. allies have asked for currency swaps amid Iran war turbulence
The White House on Tuesday said the UAE had not requested a currency swap line.
Rivian hits production milestone for R2 EV ahead of customer deliveries
Rivian Automotive on Wednesday said it has started production of its new R2 all-electric vehicle for customers at its plant in Normal, Illinois.
Chubb's earnings blew past the Street. Here's why the stock is falling
Instead of focusing on those numbers, investors are spooked by signs of a softening property insurance market, with competition increasing and rates declining.
Gig tripping this summer? Here's how to pay for concert travel with your credit cards
Flexible travel rewards can help you save on last-minute flights to concerts. But there is value in having an airline or hotel credit card if you plan ahead.
Rep. David Scott, a Georgia Democrat seeking his 13th term in Congress, dies at age 80
U.S. Rep. David Scott, a Georgia Democrat and the first Black chairman of the House Agriculture Committee, has died at age 80.
Thief who swiped purse of ex-DHS chief Kristi Noem gets 3 years in prison
The man, Chilean national Mario Bustamante Leiva, "came to Washington illegally to prey on citizens of the District," said U.S. Attorney Jeanine Pirro said.
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