New York City Mayor Zohran Mamdani scored a massive political victory on Tuesday when his trio of insurgent congressional candidates toppled two incumbents and the establishment favorite in an open seat, results some described as “a political earthquake” for Democrats.
Micron forecast quarterly profit and revenue well above expectations on Wednesday and said its customers had committed $22 billion to lock in future supply of memory chips, sending its shares surging 12% in after-hours trading.
Wendy’s highly shorted shares jumped to a more than seven-month high on Wednesday as retail traders flocked to the beaten-down stock of the fast-food chain, in the latest meme-like rally.
Brazilian Senator Jaques Wagner, a close ally of President Luiz Inacio Lula da Silva, stepped down as the government’s leader in the Senate on Wednesday, becoming another high-profile casualty of a widening corruption investigation and posing new risks for Lula ahead of October’s election.
U.S. bond yields tumbled on Wednesday as oil’s slide to a four-month low eased inflation fears, although the relief wasn’t felt as much in equity markets and persistent worries over tech valuations pushed the S&P 500 and Nasdaq lower.
The remarks caused a political row in Italy, where Prime Minister Giorgia Meloni’s government has repeatedly said it did not authorise the use of Italian territory for direct military action against Iran.
Wealthy Polish, American and Gulf-based property buyers are pouring into Spain’s capital Madrid and Costa del Sol seeking luxury refuge from the wars in Ukraine and the Middle East as well as political turmoil in the United States.
The White House is planning to seek more than $1.4 billion in new funds from Congress to address the widening Ebola virus outbreak as soon as Wednesday, according to a Trump administration official.
A U.S. appeals court on Wednesday upheld a court order blocking the Justice Department from obtaining Michigan’s voter rolls, dealing a blow to the Trump administration’s push to boost the federal government’s role in elections.
Qualcomm is expected to use its investor day on Wednesday to lay out a push beyond its core smartphone business into the fast-growing, but highly competitive, market for AI data center chips.