Instagram is the most used app among US teens, a new Piper Sandler survey found. TikTok was the second most used, and the most liked. Snapchat dropped off in both popularity and use among teenagers. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app…
NEW YORK — U.S. stocks set records Wednesday after the latest wild swerves for Chinese stocks left few ripples in markets worldwide. The Standard & Poor’s 500 rose 0.7% to top the all-time high it had set last week. The Dow Jones industrial average climbed 1% to hit its own record, while the Nasdaq composite gained…
Millennium Management has lost money in just one year since its 1989 founding. The $69 billion hedge fund uses a strict trading strategy to make sure it consistently makes money. This trading strategy has helped founder Israel Englander become a billionaire. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
Sure, Wall Street. Go ahead. Ride the dragon. There was a moment of grace on Tuesday for investors, market analysts, and finance’s top brass when Beijing announced measures to try to reinvigorate China’s croaking economy. Pan Gongsheng, a governor of the People’s Bank of China, the country’s central bank, announced that 800 billion yuan, or…
The S&P 500’s positive performance this year means that a Harris victory is likely, history says. The Misery Index, which tracks unemployment and inflation, is also down, pointing to a Harris win. However, market volatility and new employment data could change the narrative, strategists say. Thanks for signing up! Access your favorite topics in a…
Elon Musk set out SpaceX’s timeline for getting humanity to Mars this week. He said SpaceX plans to send five Starship rockets to Mars in 2026, with crewed missions following two to four years later. Experts say SpaceX will face major engineering and regulatory challenges. Thanks for signing up! Access your favorite topics in a…
China has announced a slew of supportive policies to give its economy a boost. But the past week’s stimulus blitz did not offer fiscal support to China’s discouraged consumers. China needs to spend more on its people and offer incentives for buyer demand to return Thanks for signing up! Access your favorite topics in a…
Elon Musk purchased Twitter with a pledge to make it a bastion for free speech. Musk quickly reinstated some previously suspended accounts, like for Alex Jones and Donald Trump. But a new report from X shows it has suspended — on average — more accounts than Twitter ever did. Thanks for signing up! Access your…
Amid rising concerns that X has become less safe under billionaire Elon Musk, the platform formerly known as Twitter is seeking to assure advertisers and critics that it still polices harassment, hate speech and other offensive content. From January to June, X suspended 5.3 million accounts and removed or labeled 10.7 million posts for violating…
After months of investor speculation, the Federal Reserve finally kicked off an easing cycle with its announcement of a 50-basis-point rate cut on Wednesday. Equity markets rejoiced at the news, with tech stocks leading a 1.7% rally in the S&P 500 on Thursday. While a rate cut is good news for stocks, it’s not ideal…