Trump says Israeli hostages will be returned early next week
A day after Israel and Hamas said they had agreed to the first phase...
A day after Israel and Hamas said they had agreed to the first phase of a US-brokered ceasefire in Gaza, President Trump said that Hamas will return the 20 surviving hostages on “Monday or Tuesday” in exchange for Israel releasing hundreds of Palestinian prisoners. Israel’s Cabinet voted last night to formally approve the agreement, which will also see the Israeli military withdraw to a line that leaves it in control of 53% of the Gaza Strip, a spokesperson said. The agreement does not address what’s to come of postwar Gaza and whether Hamas will disarm. Trump plans to travel to the Middle East this weekend to speak to Israel’s Parliament and attend a signing of the agreement in Egypt.
Rare earth stocks soar after China further curbs exports
Several US rare-earth mining companies surged by double...
Several US rare-earth mining companies surged by double digits yesterday after China announced it was tightening exports of the metals, which are crucial to the development of the computer chips powering AI and other technologies. Investors speculated that the increased scrutiny of rare earths leaving China would encourage the US to ramp up investment in its own supply chain. China’s move comes ahead of an expected meeting between President Trump and Chinese President Xi Jinping later this month. China has been limiting exports of essential metals in response to Trump’s tariffs.
Tesla is under investigation again. It’s a day that...
Tesla is under investigation again. It’s a day that ends in “y,” and so that means Elon Musk’s automaker must be under investigation. The National Highway Traffic Safety Administration is probing Tesla’s Full Self-Driving (FSD) feature after 58 incidents of traffic violations, including cars running red lights and driving on the wrong side of the road while operating in the mode. Tesla says drivers still need to pay attention to the road when FSD is equipped. The investigation follows a slew of government inquiries this year looking at other Tesla features, as well as the company’s crash reporting practices.
New York Attorney General Letitia James was indicted by a Virginia grand jury on one count of bank fraud after President Trump called for the Justice Department to bring charges against her.
President Trump threatened to use the ongoing government shutdown to permanently cut “popular Democrat programs,” without specifying which ones.
Wendy’s is launching a turnaround plan dubbed “Project Fresh” to restart growth as the fast-food chain’s sales wane.
Disney is hiking ticket prices at Disney World and Disneyland by about 5% and 8.7%, respectively.
Netflix is making co-op games—including Pictionary, Tetris, and Lego Party—available to play on TV screens for the first time.
Dow ends over 240 points lower, S&P 500 and Nasdaq pull back from record levels
All three major U.S. stock indexes closed lower on Thursday....
All three major U.S. stock indexes closed lower on Thursday. The Dow Jones Industrial Average started the day slightly higher, but trended lower throughout the day.
Meanwhile, both the S&P 500 and Nasdaq Composite briefly hit intraday highs in early trading, coming off of yesterday's record closing highs. However, those gains quickly turned to losses.
The Dow Jones Industrial Average fell 0.5%, according to preliminary data from FactSet.