“What we are watching for: is how might those prices fall? Will there be a sharp adjustment downwards? And if there is such an adjustment, how will that affect the economy? I’m not saying it will happen today, tomorrow, in 12 months’ time. It’s ensuring that if it happens the system is resilient.”
A federal judge on Friday evening granted a temporary restraining order to halt Nexstar‘s merger with Tegna, a transaction that creates a broadcasting giant with almost 260 stations across the country. U.S. District Judge Troy Nunley sided with DirecTV, which is seeking to block the merger on the claim that it violates antitrust laws. A…
US Trade Representative Jamieson Greer testifies during a US Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on 2026 funding priorities, on Capitol Hill in Washington, DC, Dec. 9, 2025. Saul Loeb | AFP | Getty Images U.S. Trade Representative Jamieson Greer told a Senate Appropriations subcommittee on Tuesday that the deadline…
This trend could break Micron’s historical patterns. It took computer memory company Micron Technology (MU +1.92%) 20 years to regain the highs it had achieved during the dot-com bubble at the turn of the century. But since finally hitting a new all-time high again in 2021, Micron’s stock has continued to soar. It is up…
JPMorgan Chase has reached a deal to take over operation of the Apple Card, reports The Wall Street Journal. Barring any “last minute hiccups,” the deal should be announced shortly after over a year of negotiations. Reports began circulating over two years ago that current Apple Card issuer Goldman Sachs was looking to end its…
There is no measurable correlation between increasing electricity demand due to the rapidly increasing construction of new artificial intelligence (AI) data centers in multiple states and the rising costs in some regions of the United States of consumer energy, a new deep-dive analysis by the Institute for Energy Research (IER) finds. “There is no statistically significant correlation…
CHICAGO (WLS) — Southwest Airlines said Friday it will discontinue service to Chicago’s O’Hare airport in June. Any Southwest flight booked after June 4 will be canceled, the company said in a letter to customers. Those customers will be given rebooking or refund options. ABC7 Chicago is now streaming 24/7. Click here to watch “Operating…