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PayPal Reaches $30 Million Pact With Justice Department Over Minority Funding
The Wall Street Journal117d agoneutral
PayPal Reaches $30 Million Pact With Justice Department Over Minority Funding

PayPal agreed to forgo approximately $30 million in transaction fees to end a Justice Department probe into allegations that the financial services company had adopted unlawful preferences for minority-owned businesses. Justice Department officials had been investigating whether the company violated a federal civil rights law that prohibits creditors from discriminating against applicants based on race. The department’s probe targeted PayPal’s $530 million plan to support Black and minority-owned businesses, which the company created in 2020, shortly after the killing of George Floyd by a police officer prompted a nationwide conversation about racial inequality.

Intel’s $440 Billion Six-Week Surge Has Short Sellers Circling
Bloomberg117d agoneutral
Intel’s $440 Billion Six-Week Surge Has Short Sellers Circling

(Bloomberg) -- A scorching rally in Intel Corp. shares is threatening huge losses for traders wagering that they’re due to fall. But that isn’t stopping them from placing those bets. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO to Miss China Trip After Year of Travels With TrumpSince hitting a low on March 30, the chip

Tesla to invest $250 million in battery plant outside Berlin
Reuters117d agoneutral
Tesla to invest $250 million in battery plant outside Berlin

electric car maker Tesla will ‌invest almost $250 million in ‌ramping up battery cell production capacity at ​its factory outside Berlin, in a move set to boost jobs in the area and strengthen ‌its supply ⁠chain, the company said on Tuesday. The investment is ⁠intended to create the conditions for annual production capacity of ​18 gigawatt ​hours at ​the site in ‌Gruenheide, south-east of the German capital, up from a previous 8 GWh, a statement said.

S&P Global Sets Mobility Board As Spinoff Story Takes Shape
Simply Wall St.117d agoneutral
S&P Global Sets Mobility Board As Spinoff Story Takes Shape

S&P Global (NYSE:SPGI) has announced the board of directors for Mobility Global Inc., its soon to be separated Mobility business. The company has also named the leadership team that will run the Mobility unit once the separation is complete. This marks a key step toward the planned mid 2026 spinoff of the Mobility division from S&P Global. S&P Global, known for indices, credit ratings, and data services, is preparing to separate its Mobility division into a standalone company. The Mobility...

Cloudflare Q1 Earnings Call Highlights
MarketBeat117d agoneutral
Cloudflare Q1 Earnings Call Highlights

Cloudflare (NYSE:NET) reported a strong first quarter of 2026, with revenue rising 34% year over year to $639.8 million, as executives said demand tied to AI, agentic workloads and its Workers developer platform continued to accelerate. Co-founder and CEO Matthew Prince said the company began the y

Futures Recover Modestly From Inflation Report
Barrons.com117d agoneutral
Futures Recover Modestly From Inflation Report

Major stock indexes are settling in after a bit of volatility this morning. Dow futures have turned slightly positive, while S&P 500 futures are down 0.2%. Nasdaq futures are down 0.6%. Each of these indexes is in a place better than where they were immediately after the inflation report came out.

Inflation Picks Up Faster Than Expected in April
Barrons.com117d agoneutral
Inflation Picks Up Faster Than Expected in April

Consumer prices jumped more than expected in April, a sign that inflation is accelerating as the Iran war's fallout ripples through the economy. The headline consumer price index rose 0.6% from the previous month and 3.8% from a year earlier, above the 0.59% monthly gain and 3.7% annual increase economists had forecast, according to a survey by FactSet. The 3.8% annual increase marks the fastest pace of price growth since May 2023 and is also a notable jump from March, when CPI rose 3.3% year over year.

Treasury Yields Rise as Inflation Picks Up Speed
Barrons.com117d agoneutral
Treasury Yields Rise as Inflation Picks Up Speed

Treasury yields rise as U.S. inflation accelerates while Middle East tensions remain high. Consumer prices rise at a 3.8% 12-month pace, accelerating from 3.3% in March. Economists surveyed by WSJ expected 3.

Inflation Is Coming: 5 High-Yielding Stocks in Sectors That Will Thrive
24/7 Wall St.117d agoneutral
Inflation Is Coming: 5 High-Yielding Stocks in Sectors That Will Thrive

You don’t need to be an economist to determine that the path of least resistance for inflation will be higher as 2026 rolls on. While energy prices are the biggest determining factor, we have seen grocery prices, especially in the meat department, remain elevated for months, and electricity costs could rise as more data centers ... Inflation Is Coming: 5 High-Yielding Stocks in Sectors That Will Thrive

Stock Futures Dip After Hot CPI Reading
Barrons.com117d agoneutral
Stock Futures Dip After Hot CPI Reading

Stocks continued their downward drift after April inflation data came in higher than expected. S&P 500 futures declined 0.5%, and contracts tied to the tech-heavy Nasdaq 100 dropped nearly 1% right after the report.

Bloomberg118d agoneutral
Iran War Truce Fragile as US Rejects Tehran’s Latest Offer

(Bloomberg) -- US President Donald Trump is showing signs of frustration at a lack of progress in negotiations to end the 10-week war with Iran, as the Strait of Hormuz remains all but closed to vital energy supplies and oil prices continue to rise.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Says It’s Deployed Mini Subs in Contest to Control HormuzEpstein's Black Card: How He Moved Women

Health Care Roundup: Market Talk
The Wall Street Journal118d agoneutral
Health Care Roundup: Market Talk

Find insight on the deal between Hengrui Pharmaceuticals and Bristol Myers Squibb and more in the latest Market Talks covering the health care sector.