Dow Rises 500 Points On Strong Inflation Data—Best Day In 6 Weeks As Stock Market Bounces Back

Topline The stock market had one of its best days of the year Friday, shaking off a historic stretch of losses, as investors responded positively to the latest inflation update. Key Points The blue chip Dow Jones Industrial Average (up 1.2%, or 500 points) and bellwether S&P 500 (up 1.1%) each posted their steepest percentage…

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According to Elon Musk, only the far-right German party can “save Germany.”

The tech billionaire Elon Musk further showed his support for right-wing politics this week by coming out in support of Alternative for Germany on Friday. This is after he claimed that the far-right German political party is the only one capable of saving Germany before the country’s February election. Important Information Get Breaking News from…

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According to a report, Party City closes all the stores and goes out of business.

According to CNN, top-line Party City, biggest retailer of party supplies in the US, is closing its locations and going out of business. Important Information Important Background The party supply store has faced financial problems for years. In 2019, it was compelled to shut down 45 locations when a helium shortage led balloon sales, one…

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Trump New Cabinet Announcement

Trump Cabinet Trending on the top of the ticket President-elect Donald Trump announced Thursday his most recent high-level Cabinet nominations: Doug Burgum for interior secretary and Robert F. Kennedy Jr. for health and human services secretary. Since winning the election last week, Trump has nominated a small group of people to key jobs. Key Facts…

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After Fox News predicted Trump had won the US president, he declared victory.

PHILADELPHIA (Reuters) —Four years after leaving the White House, Republican Donald Trump declared on Thursday that he won the 2024 presidential election after Fox News forecasted that he defeated Democrat Kamala Harris. He addressed a raucous crowd of thousands of fans inside the Palm Beach County Convention Center in the early hours of Wednesday, saying,…

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