The S&P 500 and Dow Jones Industrial Average both achieved record highs by the end of the week, fueled by a strong kickoff to the third-quarter earnings season, which helped to offset concerns over last month’s unexpected inflation uptick. Financial institutions, including JPMorgan Chase & Co., Wells Fargo & Co., Bank of New York Mellon…
A month away from the presidential election, former President Donald Trump will hold another rally in Butler, Pennsylvania. You can watch the rally live via the embedded video at the top of the page or on USA TODAY’s YouTube channel. The former president will return to the venue where he survived his first assassination attempt…
The claim: Elon Musk banned Taylor Swift’s X account A Sept. 20 Facebook post (direct link, archive link) includes side-by-side photos of musician Taylor Swift and Elon Musk, CEO of Tesla and owner of X, formerly Twitter. “Elon Musk Bans Taylor Swift’s X Account, Causing Her to Lose Over 1 Million Followers and $72 Million,”…
The claim: Elon Musk announced ‘anti-woke’ TV show with Tucker Carlson A Sept. 23 Facebook post (direct link, archive link) shows side-by-side photos of billionaire Elon Musk and conservative commentator Tucker Carlson. “Elon Musk Will Fund a New Anti-Woke Show With Tucker Carlson: ‘We Need More Journalists Like Tucker Carlson and Fewer Like Rachel Maddow,’”…
Defying predictions, the Federal Reserve made the bold move of cutting interest rates by 50 basis points Wednesday, lowering the target range to 4.75%-5%. Most economists had anticipated a more modest 25-basis-point reduction. The Fed also hinted at the potential for additional cuts in coming months, revealing a more aggressive trajectory to take action that…
U.S. stocks jumped Thursday following the Federal Reserve’s decision to go big with a 50 basis point cut to interest rates. The Dow Jones Industrial Average closed above 42,000 for the first time, ending the day up 1.3% at a record 42,025.19. The S&P 500 also ended the day at a record high for the…