Exchange-traded funds that track the S&P 500 and Nasdaq fell about 1% in extended trade after Moody’s cut the U.S. credit rating by one notch, citing rising debt and interest payments that outpace those of similarly rated sovereigns. Read more
As part of that plan, the White House is expected to propose consolidating the budgets for both agencies when it releases its full fiscal year 2026 spending proposal. Read more
Blood tests could speed up the diagnosis of the disease and make it easier for more people to access its treatments, such as Biogen and Eisai’s Leqembi and Eli Lilly’s Kisunla, since traditional tests are often costly or uncomfortable. Read more
Moody’s was the last among major ratings agencies to keep a top, triple-A rating for U.S. sovereign debt, though it had lowered its outlook in late 2023 due to wider fiscal deficit and higher interest payments. Read more
The U.S. government last invoked the Alien Enemies Act during World War Two to intern and deport people of Japanese, German and Italian descent. Read more
It was the first time that sentiment dropped among Republicans since Trump’s November 5 electoral victory. Read more
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Federal law enforcement officials are investigating an Instagram photo posted by Comey of the number 8647 formed by seashells with the comment, “Cool shell formation on my beach walk.” Read more
The vote came despite Trump calling for Republicans to “UNITE behind” the legislation, saying on social media: “We don’t need ‘GRANDSTANDERS’ in the Republican Party. Read more
The deal — one of the biggest globally this year — will bolster Charter’s push to bundle broadband and mobile services at a time when wireless carriers are luring internet customers with aggressive plans. Read more
The justices heard more than two hours of arguments in the administration’s emergency request to scale back the injunctions blocking Trump’s directive, which is a key part of his hardline approach toward immigration. Read more
After Trump’s meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan, the White House said he announced deals that included a $14.5 billion commitment from Etihad Airways to invest in 28 Boeing 787 and 777x aircraft powered by engines made by GE Aerospace. Read more
Both the main and backup frequencies failed for about two minutes, but a controller was then able to transmit to the aircraft to move to a secondary frequency. Read more
In his initial address to staff last week, David Richardson, the new head of FEMA, said he would “run right over” any staff who resisted his efforts to reform the agency. Read more
The reported probe adds to a string of recent setbacks for the healthcare conglomerate that has erased more than half, or over $300 billion, from its market value since November, when shares were trading at record highs. Read more
As a bellwether of U.S. consumer health, Walmart’s explicit statement is also a signpost for how the trade war is affecting companies as Walmart is noted for its ability to manage costs more aggressively than other companies to keep prices low. Read more
Power inverters, which are predominantly produced in China, are used throughout the world to connect solar panels and wind turbines to electricity grids. They are also found in batteries, heat pumps and electric vehicle chargers. Read more
Despite repeated promises, the robotaxis never came. Read more
Ventura, a rhythm and blues singer known as Cassie, also said Combs agreed to a $20 million settlement to end her November 2023 civil lawsuit against him over their relationship, with the deal coming 24 hours after she filed the case. Read more
Experts have said it would take years and hundreds of millions of dollars to make the Qatari aircraft, known as a “palace in the sky,” suitable for use as transportation for the U.S. commander in chief, despite backers of the plan saying it would save money. Read more
The new service, which is set for launch this fall, will provide access to ESPN networks, including professional and college football and basketball games. Read more
The culprit is a group connected with “Scattered Spider,” a nickname for a loosely interconnected network of hackers of varying levels of sophistication, it added. Read more
