The U.S. faces its longest government shutdown, surpassing previous records. Federal workers are impacted, and the economy risks a $7 billion hit weekly. Discover why this shutdown matters!
McDonald's is gearing up to report its Q3 earnings, with analysts anticipating $3.33 EPS and $7.1 billion in revenue. Despite concerns over consumer spending, the fast-food giant may showcase growth in same-store sales for the second consecutive quarter, thanks to its value-centric strategy and menu revivals.
Asian stocks experienced a rise driven by optimism from the U.S.-China trade truce and increased AI spending. However, uncertainty looms over the longevity of the truce as investors reassess their strategies.
Liz Ann Sonders warns that while the AI boom is stronger than the dot-com bubble, high expectations could lead to market shocks if companies fail to deliver growth. With Nvidia's $5 trillion valuation, the stakes are high.
Five tech giants just proved that the AI megatrend is alive and well, with strong earnings and ambitious spending plans, despite fears of a bubble. Discover how their investments are shaping the future.
In a landmark decision, two federal judges have ruled that the Trump administration cannot suspend food aid for over 40 million low-income Americans during the ongoing government shutdown. The courts mandate the use of emergency funds to ensure SNAP benefits continue.
Senator John Thune is under increasing pressure from the Republican right to eliminate the legislative filibuster, a move that could reshape Senate dynamics. As Trump pushes for drastic changes, Thune's stance remains firm, but party divisions complicate the path forward.
Chipotle's shares dropped more than 15% in after-hours trading after the chain slashed its sales forecast for the third consecutive quarter, citing ongoing macroeconomic challenges affecting consumer behavior.
The recent Microsoft Azure outage serves as a stark reminder of the vulnerabilities in our digital infrastructure, prompting businesses to rethink their cloud strategies. Discover the implications of this failure and how it impacts the tech landscape.
In a surprising move, the Federal Reserve has cut its key interest rate for the second time this year, aiming to boost economic growth and hiring amid ongoing inflation concerns. Fed Chair Jerome Powell warns that future cuts aren't guaranteed as the government shutdown complicates economic reporting.
