Traders are digesting a warning of slowing growth from social media company Snap that hurt the tech-heavy Nasdaq Tuesday.
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FTC launches investigation into infant formula makers over nationwide shortage
The Federal Trade Commission is launching an investigation into whether mergers in the baby formula industry contributed to the current shortage.
Continue readingStocks making the biggest moves after hours: Nordstrom, Urban Outfitters and Intuit
These are the stocks posting the largest moves in extended trading.
Continue readingCrypto billionaire says he could spend a record-breaking $1 billion in 2024 election
Democratic cryptocurrency exchange founder Sam Bankman-Fried says he expects to spend “north of $100 million” in 2024, with “soft ceiling” of $1 billion.
Continue readingAllbirds to start selling its shoes in select Nordstrom department stores
Starting June 1, a selection of Allbirds shoes, including its signature wool sneakers, will be available for sale in 14 Nordstrom locations.
Continue readingCramer’s week ahead: Stocks can’t stage ‘meaningful’ comeback until major obstacles are resolved
“We need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-basis point rate hike,” Cramer said.
Continue readingWorld Health Organization confirms 80 cases of monkeypox with outbreaks in 11 countries
The WHO said the recent monkeypox outbreaks are unusual because they are occurring in countries where the virus is not endemic.
Continue readingHyundai to invest $5.5 billion to build EVs and batteries in Georgia
The operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles,
Continue readingAsian grocery start-up Weee draws shoppers with tradition, tech and a dash of Hollywood
The company, which specializes in Asian and Hispanic groceries, encourages shoppers to share videos of favorite foods and recipes on its app.
Continue readingReport says SpaceX paid woman over Musk sex misconduct claim – he denies ‘wild accusations’
SpaceX founder Elon Musk said in a tweet late Thursday that “wild accusations” against him are not true.
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