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S&P 500, Nasdaq move higher, gold softens amid earnings, trade negotiations  Reuters Stock market today: Dow, S&P 500, Nasdaq trade mixed as Wall Street weighs Google, Tesla earnings  Yahoo Finance S&P 500 and Nasdaq hit records, lifted by Alphabet  MSN Stock Market Today: Dow Slides Lower; Trade Talks, Tesla in Spotlight — Live Updates  The Wall Street Journal Stocks Set for Record as Alphabet …

The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices. The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The …

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Topline Shares of Tesla plunged Thursday morning, accounting for a more than $17 billion cut to Elon Musk’s net worth, after Musk warned his automaker would likely have a “few rough quarters” ahead as federal electric vehicle tax credits expire soon. Musk said his automaker “probably could have a few rough quarters” ahead as federal electric vehicle … More credits …

Union Pacific in mega US railroad merger talks with rival Norfolk  Reuters Union Pacific Is in Talks to Merge With Norfolk Southern  The New York Times Union Pacific Nears Norfolk Deal to Create $200 Billion Railroad  Bloomberg BREAKING: Union Pacific, Norfolk Southern confirm ‘advanced’ merger talks  Progressive Railroading Union Pacific in late-stage talks with Norfolk Southern over $200bn deal  Financial Times Source link

Nvidia AI chips worth $1B were smuggled to China after US curbs – report  Seeking Alpha Opinion | America Will Come to Regret Selling A.I. Chips to China  The New York Times Restricted Nvidia AI chips worth $1 billion reportedly smuggled into China  Quartz Nvidia addresses AI chip smuggling, says bootleg data centers are a ‘losing proposition’  CNBC Nvidia AI chips worth $1bn smuggled …

Do you hear that? The groans. The thuds of heads hitting desks. That’s the sound of workers mourning their choice to study English, psychology, or anything other than computer science, as a hiring war in tech escalates and AI engineers write their own tickets. As Big Tech and startups race to dominate the next frontier of artificial intelligence, they’re offering …

NEW YORK (AP) — President Donald Trump took to social media Thursday morning to support Elon Musk’s car company, a startling development given their bitter public feud. ”I want Elon, and all businesses within our Country, to THRIVE,” Trump wrote on Truth Social. The post wasn’t enough to help Tesla’s stock, which fell sharply after the company reported another quarter …

In an earnings call Wednesday, Tesla CEO Elon Musk “let the cat out of the bag”: The new, more affordable electric vehicle the company has been touting for over a year, and that has been singled out as the one thing that could pull Tesla out of its sales rut, wasn’t new at all. It was just the Model Y. …

A new analysis projects a 24% cut to Social Security benefits by late 2032.  Axios Sen. Bill Cassidy Explains His Plan to Fix ‘Mostly Dead’ Social Security. Plus, the Big, Beautiful Bill and RFK Jr.  Barron’s Retirees Face an $18,100 Benefit Cut in 7 Years-2025-07-24  Committee for a Responsible Federal Budget Americans Face $110,000 Earnings Loss to Prop Up Social Security  Newsweek Worried about …