The Nasdaq dropped on Thursday, dragged down by losses in Big Tech shares, while a shift into other sectors lifted the S&P 500 and the Dow.
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JPMorgan Chase on Thursday shook up the race for the eventual successor to long-time CEO Jamie Dimon, elevating insiders Doug Petno and Troy Rohrbaugh to co-presidents while announcing the retirement of senior executive Marianne Lake, who had been widely seen by Wall Street as a top contender for the job.
Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla’s for the first time on Thursday, after the memory chipmaker’s solid forecast helped extend its AI-driven ascent.
The U.S. Supreme Court reined in thousands of lawsuits pursued in state courts accusing Bayer of failing to warn users that the active ingredient in its Roundup weedkiller causes cancer, handing a major legal victory on Thursday to the German company.
The ruling gives the president another boost to his hardline immigration approach.
The U.S. Supreme Court struck down on Thursday a Hawaii law restricting the carrying of handguns on private property open to the public, like most businesses, without the owner’s permission in the latest ruling by the justices expanding gun rights.
The court sided with Trump’s administration in its defense of the government’s authority to turn away asylum seekers when officials deem U.S.-Mexico border crossings too overburdened to handle additional claims.
A federal judge in Boston blocked implementation of President Donald Trump’s executive order aiming to tighten rules for mail-in voting, preventing it from taking force ahead of November elections that will decide control of Congress.
Apple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s datacenter buildout.
Electric-vehicle maker Polestar said on Thursday that the U.S. did not grant it authorization to sell vehicles in the country from model year 2027 onwards, effectively banning it from selling cars in the United States.