Debt rating agency Fitch downgrade of U.S. long-term foreign currency issuer default rating to AA+ from AAA makes little sense.
iPhone maker Foxconn to invest $600 million into phone and chip project in India
Foxconn is looking to diversify its business beyond China at a time when India is trying to bring high-tech manufacturing to its shores.
Ford’s U.S. sales rose nearly 6% in July, but its EVs are still lagging
Demand for Ford pickup trucks and the Bronco SUV offset slumping electric vehicle sales.
Democrats press Musk on X’s ‘hostile stance’ toward independent research of its platform
The news comes after X, formerly known as Twitter, sued a nonprofit research group that found an increase in hate speech after the billionaire’s takeover.
As Social Security official warns of A.I. fraud risks, one expert says criminal activity is ‘here right now’
Social Security benefits, already ripe for fraud, may fall prey to even more sophisticated schemes as A.I. tools advance.
The S&P 500 is expensive, but there are still pockets of value
Look below the surface, and much of the S&P is not overvalued. The issue is, are there any bargains left?
Private sector added 324,000 jobs in July, well above expectations, ADP says
That total was well above the Dow Jones consensus estimate for 175,000, though it marked a decrease from the downwardly revised 455,000 in June.
‘Unprecedented heat’: Iran begins two-day nationwide shutdown amid soaring temperatures
The two-day shutdown comes at a time of record-breaking extreme heat across the globe, with July poised to be the hottest month in history.
Here are Wednesday’s biggest analyst calls: Apple, Coinbase, Meta, Advanced Micro Devices, SoFi & more
Here are Wednesday’s biggest calls on Wall Street.
Russia strikes Ukraine’s Danube port, sending global grain prices higher
Russia attacked Ukraine’s main inland port across the Danube River from Romania on Wednesday, sending global food prices higher.
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