S&P 500 Ends the Week With Its Fifth Straight Record Close
The Nasdaq also rose to fresh highs as progress in trade talks bolstered markets. Plus: Intel shares fell after it reported a wider quarterly loss and announced 15% of staff will be laid off. And Samuel Adams brewer Boston Beer said it expects tariffs to have a more moderate effect on its costs. Danny Lewis hosts.
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White House Seeks Fines From Universities in Exchange for Federal Funding
Plus: The Trump administration sues New York City over sanctuary policies. And Meta stops all political advertisements on its social platforms in the EU. Zoe Kuhlkin hosts.
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Trump Buoyed By Voter’s Improved Views of the Economy
Plus: Volkswagen lowers its financial guidance after earnings were hit by tariff costs. And, a U.S. regulator approves Skydance’s merger with Paramount Global. Azhar Sukri hosts.
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Signs of Trade-Talk Progress Lifted the S&P 500 to a New Record
But some large component stocks dragged on the Dow Jones Industrial Average, including UnitedHealth Group. The health conglomerate disclosed that it is cooperating with criminal and civil investigations by the U.S. Justice Department. Plus: Tesla shares slid after Elon Musk’s electric vehicle-maker said car sales continued to fall for another quarter. Danny Lewis hosts.
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UnitedHealth Says It’s Responding to Justice Department Probe
Plus: Union Pacific and Norfolk Southern are in advanced discussions for a deal that could create the largest rail operator in the U.S. And the European Central Bank holds interest rates steady. Alex Ossola hosts.
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