President Donald Trump is blaming the meat packers and U.S. cattlemen for rising beef prices, but the tariffs on beef from Brazil, Australia, New Zealand, Uruguay, feed, farm equipment and machinery are all adding to the price surge. The United States is a big buyer of Australian, Brazilian, and New Zealand beef exports. Brazil is…
Nike is a growing Street favorite as more analysts join Jim Cramer in signalling confidence in CEO Elliott Hill’s efforts to turn around the struggling iconic brand. Wells Fargo upgraded Nike to a buy from a hold on Thursday, citing improved visibility into Nike’s future. The analysts also raised their price target to $75 per…
The fall auction sales in New York next week are expected to top $1.4 billion, marking a 50% increase from last year and a potential rebound for the art market after three years of declines, according to art experts. A star-studded lineup of famous trophy works — from a $150 million Gustav Klimt portrait to…
Rivian CEO RJ Scaringe could personally earn up to $4.6 billion over the next decade if the electric automaker hits specific profit and share price targets laid out in a new compensation package recently approved by his company’s board of directors. The potential payout, which is earning comparisons to Elon Musk’s Tesla pay plan, likely…
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty Images Federal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in…
Oracle CEO Clay Magouyrk speaks at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | Reuters Two months ago, Oracle’s stock had its best day since 1992, soaring 36% to a record after the company blew away investors with its forecast for cloud infrastructure…
Boosting your retirement savings isn’t just a good way to save for your future — it can also lower your monthly student loan bill, if you’re a federal borrower on an income-driven repayment plan. For borrowers on the income-based and pay as you earn repayment plans, monthly payments are calculated as a percentage of discretionary…
fstop123 | E+ | Getty Images Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday. While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market. There were 36,766 U.S. properties with some type…
Check out the companies making headlines in midday trading: Planet Fitness — The gym chain jumped about 4% after it issued guidance for the fiscal years 2026 through 2028. Planet Fitness expects new club unit growth to range between 6% and 7% in that time, while adjusted EBITA expands in the “mid-teens percent” compounded annually….
Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Cursor built a popular AI coding tool that helps software developers generate, edit and…
