The S&P 500 rose 0.8% on Thursday and was on track to set an all-time high for a third straight day. The Dow Jones Industrial Average and the Nasdaq composite were also heading toward records.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell.
Here are where things stand regarding Trump, the Federal Reserve, and its traditional independence.
The reading is the last the Federal Reserve will receive before its two-day meeting that begins Tuesday, where policymakers are widely expected to cut their short-term rate.
President Donald Trump signed a memo Tuesday that directs the FDA and other agencies to step up enforcement against ubiquitous prescription drug ads on TV, websites and social media.
The bill would provide limited antitrust exemption for the NCAA, override state laws governing paying players in favor of one national statute and remove the possibility of athletes being considered employees of their schools.
The Indianapolis-based NCAA said the three Division I players bet on one another’s games and/or provided information that enabled others to do so during the 2024-25 regular season. Two of them manipulated their performances to ensure certain bets were won.
The restructuring, which would eliminate 11% of the company’s workforce, aimed to reduce organizational complexity and speed up decision-making as the company faces a more competitive market for obesity drugs.
The drop in producer prices makes it even more likely that the Federal Reserve will cut its benchmark interest rate next week for the first time this year.
The rule was a key part of efforts under former President Joe Biden to refocus the Interior Department’s Bureau of Land Management, which oversees about 10% of land in the U.S.
Klarna sold 34.3 million shares to investors at $40 a share late Tuesday. That’s above the forecasted range of $35 to $37 a share and values the company at more than $15 billion.
Potbelly, which was founded in Chicago in 1977, has 445 restaurants across the United States, including four locations in the Indianapolis area and seven others statewide.
The Supreme Court granted an unusually quick hearing on President Donald Trump’s sweeping tariffs on Tuesday, putting a policy at the center of his economic agenda squarely before the nation’s highest court.
In what has become an annual rite for Apple, all four new iPhone 17 models will feature better cameras and longer-lasting batteries than last year’s lineup.
U.S. Steel will cut production at the Illinois plant, likely in November, but it won’t lay off any of the roughly 800 workers there or reduce their pay, it said.
Employers added 911,000 fewer jobs than originally reported in the year that ended in March 2025, the Labor Department reported Tuesday.
If Apple does announce price increases, it will come just weeks after Google held steady on prices for its new Pixel smartphones.
The crux of the legal fight is over nearly $5 billion in congressionally approved aid that President Donald Trump last month said he would not spend.
EchoStar said recent deals will resolve inquiries from the Federal Communications Commission about the rollout of 5G technology.
PNC has been on an acquisition streak in the last few years to make the bank one of the biggest players in retail banking in the country.
