The record-setting rally in stocks is stumbling this week. US stocks dropped on Thursday as traders took in strong economic data, revised their expectations for Fed rate cuts, and took in wearing momentum in the AI trade. All three major US indexes slipped lower in the early morning, putting them on track for their third…
An elderly man in his eighties has been arrested in Hong Kong for allegedly pulling out a medical tube from a male hospital patient whom he mistook for his wife. According to police, the incident happened on Thursday at Pamela Youde Nethersole Eastern Hospital in Chai Wan, where the suspect was visiting his wife. “The…
President Trump said Friday that he has reached a deal with China to keep the popular social video app TikTok running in the U.S. Trump said on his social media platform that he had a “very productive call” Friday morning with China’s President Xi Jinping. TikTok is owned by Chinese tech company ByteDance, a fact…
Tommy Hilfiger says his success comes down to hard work, no fear, and the power of manifestation. During an appearance on Thursday’s episode of “The Burnouts” podcast, the fashion designer spoke about how he built his namesake label after his first venture failed. “By the way, dreams come true, and you can make your dreams…
When DCM wrote the first institutional check into Figure Technologies, the Menlo Park-based venture firm was making a risky bet on both an unproven use of blockchain technology and a founder with a checkered past. Nearly eight years later, that decision is set to deliver one of DCM’s biggest wins: a stake worth nearly 60x…
UNITED NATIONS — France, Germany and the United Kingdom moved Thursday to reimpose United Nations sanctions on Iran over its nuclear program, further isolating Tehran after its atomic sites were repeatedly bombed during a 12-day war with Israel. The process, termed a “snapback” by the diplomats who negotiated it into Iran’s 2015 nuclear deal with world powers,…
Watertown, Mass., school first in country to pilot new app limiting students internet access Updated: 4:14 PM EDT Aug 27, 2025 Editorial Standards ⓘ Watertown High School will be the first public school in the country to roll out a new app designed to limit students’ screen time in the classroom. The app, called the…
President Donald Trump is reconsidering his approach to ending the conflict in Ukraine, wavering on his self-imposed deadline for Russia to stop its invasion or face economic sanctions.On Thursday, Trump appeared to back away from his previous stance that Ukrainian President Volodymyr Zelenskyy must be part of peace talks with Russia. When asked if Russian…
A new exhibit at the Kentucky Derby Museum is celebrating an iconic part of the Run for the Roses—the fashion.The museum opened the permanent exhibit on Thursday.It showcases suits, dresses, and Derby hats worn by guests and celebrities during past Derbies.Visitors can also use touchscreens to sort through the archives and learn how Derby fashion…
Mike Wilson sees the S&P 500 hitting 6,500 by year-end, but the path to new all-time highs will be choppy. Morgan Stanley’s chief investment officer told Bloomberg TV on Thursday that he expects tariff volatility to ramp up in the third quarter, potentially sparking pullbacks of 5% to 10%. Investors shouldn’t be worried, though. Wilson thinks any…