Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors. “Tesla acting like a meme stock — sagging fundamentals, straight up price action,” the former chief investment officer and co-founder of Pimco said in a post Tuesday afternoon on X. “But then there seems to be a…
The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as a sharp rise in semiconductor stocks led the market higher. The broad market index jumped 1.02%, closing at 5,633.91, and notching a seventh straight day of gains. The Nasdaq Composite advanced 1.18%, also hitting an all-time high…
Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic growth. Setting the stage for a two-day appearance on Capitol Hill this week, the central bank leader said the economy remains strong as does the labor market, despite some recent cooling.…
Side hustlers are hustling a little less but making more when they do. About 36% of U.S. adults say they make extra money from a side job beyond their main source of income, according to a survey the consumer finance platform Bankrate released Wednesday. That’s down from 39% last year,…
A former soldier who was sexually assaulted while serving in Japan’s military has reached a civil settlement with three of her convicted attackers in a case that exposed a widespread culture of harassment in the country’s self-defense force. The settlement, initiated by the three former soldiers who were found guilty…
Russia has promised to discharge Indian nationals who were “misled” into joining its army to fight in Ukraine, India’s foreign secretary said Tuesday. Indian Prime Minister Narendra Modi “strongly raised the issue of early discharge” to Russian President Vladimir Putin during his two-day trip to Moscow this week, stressing the…
Listening to music, smoking hookah, and getting a Western-style haircut are all punishable acts under the suffocating rule of the Taliban in Afghanistan, according to a new UN report. The Taliban’s so-called morality police have curtailed human rights – disproportionately targeting women and girls – creating a “climate of fear…
Ukraine’s largest children’s hospital likely took a direct hit from a Russian missile on Monday, a United Nations assessment has found, as NATO agreed to strengthen Kyiv’s air defenses in the wake of the attack. Russia has repeatedly denied targeting the hospital in Kyiv and alleged, without evidence, that a Ukrainian anti-aircraft…
For nearly two decades, the Israeli nonprofit Road to Recovery has transported sick Palestinians roundtrip from checkpoints in Gaza and the West Bank to Israel for medical treatment. On October 7, during Hamas’ brutal attacks on Israel, several of the group’s volunteers were killed. Others were taken hostage. Today, Road…
The body of an American mountaineer has been discovered by a pair of fellow US climbers 22 years after he went missing following an avalanche in the Peruvian Andes. American brothers Ryan Cooper and Wesley Waren found the body of Bill Stampfl on June 27 on Mount Huascaran, according to Joseph Stampfl, Bill’s…