US Treasury yields surged toward levels not seen since early last year on Tuesday, driven by escalating geopolitical instability in the Middle East. The 10-year Treasury note, which serves as a critical benchmark for everything from home mortgages to credit card rates, touched its highest mark since January 14, 2025. This spike reflects growing anxiety
Apple has entered a new chapter today as John Ternus officially takes the reins as CEO, marking the first change in top leadership for the tech giant since 2011. He steps into the role previously held by Tim Cook, who is transitioning to the position of executive chairman on Apple’s board. In a farewell letter
The Federal Trade Commission and twenty two state attorneys general have filed a major lawsuit against Amazon, alleging that the e commerce giant secretly manipulated its advertising system to overcharge businesses. At the heart of the legal battle is Amazon’s use of second price auctions, where the winning bidder is traditionally expected to pay just
The traditional narrative surrounding semiconductor stocks has always been one of volatile cycles, where boom times are inevitably followed by painful busts. However, recent movements at Micron Technology suggest that the old playbook may no longer apply. While skeptics continue to bet on a return to these historical patterns, a new reality is emerging as
Former congressman George Santos has been handed a lifetime ban from the prediction market platform Kalshi following an investigation into claims of insider trading. The company determined that Santos intentionally misled the public regarding his plans to attend the State of the Union address specifically to profit from bets placed on the platform. While he
John Ternus officially stepped into the role of Apple’s chief executive on Tuesday, marking the end of Tim Cook’s fifteen year tenure. While Cook was the operations mastermind who perfected the company’s sprawling supply chain, Ternus represents a shift toward engineering leadership. Having joined the design team in 2001 and eventually rising to senior vice
The Federal Trade Commission and a bipartisan coalition of 22 states have filed a federal lawsuit against Amazon, alleging that the e-commerce giant illegally drove up costs for advertisers through secretive pricing maneuvers. According to the complaint filed in the Western District of Washington, Amazon systematically inflated the minimum bids required for product advertisements without
An era that defined modern technology came to a close today as Tim Cook stepped down from his role as CEO of Apple. In a heartfelt message shared on X, the departing chief expressed deep gratitude toward the global Apple community, noting that while his official title changes tomorrow, his affection for the users and
Homebuyers woke up Monday afternoon to news that mortgage rates have hit their highest point in over a year, though experts say the milestone is more of a technicality than a crisis. The average top tier 30 year fixed rate climbed to 6.87 percent, marking the first time rates have reached this level since June
After a grueling multiyear journey marked by political roadblocks and plummeting valuations, fast fashion titan Shein has finally made its long awaited stock market debut in Hong Kong. The listing arrives following unsuccessful attempts to go public in the United States and the United Kingdom, where the company faced stiff resistance from lawmakers concerned about