Gold and bitcoin have traded to record highs as investors look for protection in what’s typically a volatile October for the market. Rising inflation and debt, a weakening U.S. dollar, the government shutdown, and Wall Street’s newest buzz, the “debasement trade,” have all boosted assets beyond stocks and bonds. “This whole debasement trade is benefiting…
Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year. Here’s how the company did compared to LSEG estimates: Loss per share: Loss of 7 cents vs. a loss of 13 cents…
NEW YORK — NEW YORK (AP) — Don’t speak — scream, because No Doubt has announced the band’s first run of shows in 14 years. After surprising fans with a brief reunion at the 2024 Coachella Valley Music and Arts Festival, the ska-punks have set their sights on Las Vegas. The band will embark on…
LOS ANGELES – Thirty minutes after one of the most chaotic finishes to a postseason series in baseball history, the Phillies’ shell-shocked looks and blank gazes remained. Only now the players sat in front of their lockers, many with a beverage in hand. They were no longer glued to the dugout railing where they had…
Russell Vought, director of the Office of Management and Budget (OMB), speaks to members of the media outside the White House in Washington, DC, US, on Thursday, July 24, 2025. Aaron Schwartz | Bloomberg | Getty Images Layoffs of federal workers have begun amid the ongoing U.S. government shutdown, Trump administration budget chief Russell Vought…
MACAO — NBA Commissioner Adam Silver said Friday the WNBA could be next to play games in China. Silver spoke exclusively with CNBC courtside from the first of two NBA games in Macao. “We have to get through a new collective bargaining agreement with our players,” he said. “But once we do, there’s so much…
Oil prices were little changed in early Asian trade on Friday after falling more than 1% in the previous session. Chunyip Wong | E+ | Getty Images U.S. crude oil fell 4% on Friday, after President Donald Trump threatened China with higher tariffs in retaliation for Beijing imposing stricter export controls rare earth minerals. U.S….
Check out the companies making the biggest moves midday: Rare earth stocks — The group rose broadly after President Donald Trump said China was holding the world “captive” over the minerals, threatening countermeasures. MP Materials traded 13% higher along with USA Rare Earth . Magnificent Seven — Megacap tech stocks tumbled Friday after Donald Trump…
Venezuelan opposition leader Maria Corina Machado is leading a demonstration against the re-inauguration of authoritarian President Maduro this Friday. Jesus Vargas | Picture Alliance | Getty Images The White House on Friday criticized the Nobel Committee after it declined to pick President Donald Trump for the organization’s vaunted Peace Prize. But the prize’s actual recipient,…
An integral part of the New York Yankees’ 2025 offense is looking to cash in. Yankees outfielder Cody Bellinger is expected to opt out of his contract for the 2026 MLB season and become a free agent this coming offseason, ESPN reported on Friday morning. Bellinger has one year remaining on a three-year, $80 million…
