Less than a year after buying a controlling ownership stake in the NBA's Lakers, Mark Walter has sold his majority equity to Joshua Kushner and Bob Iger, according to a statement.
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China's homegrown C919 passenger jet departed on its first scheduled international commercial flight Wednesday, marking a milestone in Beijing's push to develop an alternative to Boeing and Airbus.
U.S. President Donald Trump is weighing a push to reduce capital gains taxes, a move that could allow investors — including cryptocurrency holders — to keep more of their profits when selling appreciated assets.
The New York City Council is investigating marketing practices by prediction market platforms, the office of Council Speaker Julie Menin said on Wednesday.
Two very different pictures of China’s artificial intelligence race are coming into focus at the same time. Tencent, the roughly $500 billion conglomerate behind WeChat and one of the world’s largest gaming businesses, …
World oil demand is set to fall further than previously expected this year, the International Energy Agency said Wednesday, as the impact of the closure of the Strait of Hormuz deepens.
The daily chart for October lean hog futures (HEV26) shows that prices are trending down and have recently hit a four-week low. See, too, that the moving average convergence divergence (MACD) indicator is in a bearish p…
Norway's $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $184 billion on Wednesday, as a rally in Asian technology stocks helped the fund return 9.4%.
Albertsons Companies, Inc. ACI is an operator of food and drug stores. The Zacks Consensus Estimate for its current year earnings has been 5.1% downward over the last 60 days.
AI cloud giant CoreWeave was up in premarket trading on Wednesday after reporting that its second-quarter revenue doubled, driven by surging demand from hyperscalers for AI compute capacity.
Milwaukee County executive David Crowley stunned Democratic socialist Francesca Hong in Wisconsin's Democratic gubernatorial primary, surging to victory after polls had him down by double digits.
A T. Rowe Price fund manager thinks the hyperscalers can comfortably fund their investment spending, and moreover, derive high returns on that invested capital with a short payback schedule.
The gaming accessories maker best known for its headsets has seen its earnings revisions tank after a disappointing second-quarter release on August 6.
US stock futures were little changed in premarket trading on Wednesday as investors braced for fresh Consumer Price Index (CPI) data, which could alter the Fed's interest rate calculus.
MYR Group Inc. MYRG is one of the largest specialty electrical construction contractors in the U.S. and one of the best pure-play stocks to buy within an increasingly critical behind-the-scenes industry required to fuel…
The dollar index (DXY00) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high, which raises inflation expectations and may persuade the Fed to tig…
Cotton futures held higher in the front months on Tuesday, with gains of 9 to 64 points and the deferred contracts lower. The outside markets were being ignored, with crude oil down 51 cents/barrel and the dollar index …
The Japanese yen has erased about half the gains from a historic U.S.-Japan intervention less than two weeks ago, as the fundamental forces that have pressured the currency to multi-decade lows prove increasingly resili…
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