Traveling during the summer can be an exciting time, but it also comes with its fair share of challenges. Flight delays and cancellations are all too common, leaving travelers frustrated and inconvenienced. Unfortunately, when it comes to getting reimbursed for these disruptions, the situation is far from ideal. According to experts, airlines in the U.S.
In a groundbreaking decision, a federal U.S. judge declared that Google’s dominance in the search and text advertising markets was illegal. The case, filed by the government in 2020, accused Google of creating insurmountable barriers for competitors, thereby maintaining its monopoly position. The judge found Google in violation of Section 2 of the Sherman Antitrust
JPMorgan Chase, the first bank with a branch in all 48 contiguous states, is now focused on expanding further to reach more Americans in smaller cities and towns. The firm recently announced a new goal within its multibillion-dollar branch expansion plan to ensure coverage within an “accessible drive time” for half the population in the
The start of the trading week brought a devastating blow to some of the tech industry’s biggest players. As U.S. markets opened on Monday, megacap companies saw a staggering $1 trillion loss in market cap. Nvidia, a prominent chipmaker, took a particularly hard hit, shedding over $300 billion in market cap at the market open.
The recent widening of U.S. junk bond spreads in comparison to yields on risk-free Treasuries has sparked concern in financial markets. This trend comes on the heels of a significant daily surge last seen in March 2023. The ICE/BofA U.S. high yield index option adjusted spread skyrocketed by 37 basis points to 372 bp, indicative
The cryptocurrency market saw a downturn today, with bitcoin dropping below $50,000 for the first time since February. As a result, companies like Robinhood and MicroStrategy experienced significant declines, with Robinhood plummeting more than 10% and MicroStrategy plunging more than 8%. Additionally, Coinbase and Marathon Digital saw around a 5% drop in their stock prices.
The recent news of Warren Buffett cutting his Apple stake by half sent ripples through the investment community. Berkshire Hathaway’s Apple holding, valued at $84.2 billion at the end of the second quarter, saw a significant reduction of more than 49%. This move caused Apple’s stock to plummet by over 7% in premarket trading on
In the world of finance, U.S. stock index futures took a hit in evening trading on Sunday as worries about an economic slowdown continued to linger. The S&P 500 Futures dropped 0.9% to 5,329.0 points, with Nasdaq 100 Futures also falling 1.4% to 18,302.0 points. Similarly, Dow Jones Futures retreated by 0.5% to 39,680.0 points.
The U.S. Commerce Department is set to introduce regulations that would prohibit the use of Chinese software in autonomous and connected vehicles in the near future. This move is motivated by national security concerns, as the administration believes that Chinese-developed software poses a risk to the safety and security of vehicles operating in the United
The indie/arthouse market is experiencing some interesting shifts recently, with a number of films making waves despite limited screen availability. Kneecap, a music biopic from Sony Pictures Classics, had an impressive debut, grossing $492.4k on 703 screens. The film, which focuses on the Belfast hip hop trio rapping in native Irish, has been drawing in