Members phkrause Posted July 28 Author Members Posted July 28 🚆 1 for the rail: Big NYC comeback Data: Metropolitan Transportation Authority. Chart: Noah Bressner/Axios Monthly ridership on the Long Island Rail Road surpassed pre-pandemic levels — the first time any of New York's transit or rail lines has exceeded pre-COVID numbers for an entire month, Bloomberg reports. About 7.9 million riders used the LIRR in June, up from 7.7 million the same month in 2019. The surge coincided with two big events: the Knicks' championship parade through lower Manhattan and the U.S. Open in the Hamptons, where the LIRR added a temporary station. Go deeper (gift link). Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 6 Author Members Posted August 6 > US stock markets close mixed (S&P 500 -0.1%, Dow +0.5%, Nasdaq -0.8%) | Google shares drop amid leadership shake-up in its AI division (More) > Saudi wealth fund, Jared Kushner's Affinity Partners, and Silver Lake complete $55B purchase of Electronic Arts, taking the video game giant private (More) | Why companies go private (More) > Eli Lilly tops revenue and earnings estimates thanks to GLP-1 demand (More) | Bank of America spends over $250M per year on GLP-1 drugs for its employees, CEO says (More) | Can weight-loss drugs impact your joy of food? (More, w/audio) Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 23 Author Members Posted August 23 > US stock markets close down (S&P 500 -0.9%, Dow -1.3%, Nasdaq -1.0%) as rising Treasury yields increase borrowing costs (More) > Walmart shares tumble 9.2% after reporting smallest sales growth in over six years; retailer to use its $2.9B in tariff refunds to lower prices on 11,000 items, including groceries (More) > Charter Communications, the US’ largest cable operator, completes $34.5B acquisition of Cox Communications; merged company will serve approximately 37 million subscribers across 45 states (More) Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 26 Author Members Posted August 26 > US stock markets close mixed (S&P 500 -0.3%, Dow +0.3%, Nasdaq -0.8%) as the US warns of global sanctions against Iran (More) > FTC settles Zillow and Redfin antitrust case after alleging Zillow paid Redfin $100M to curb competition (More) | California cancels Paramount settlement talks over $111B Warner Bros. merger, alleging Paramount leaked discussions (More) > Taiwanese prosecutors charge nine people, including staffers from Nvidia and Super Micro, over alleged illegal export of AI servers to China (More) Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted August 29 Author Members Posted August 29 > US stock markets close higher (S&P 500 +0.7%, Dow +0.2%, Nasdaq +1.6%) as tech stocks rally | CrowdStrike shares close up 20% in their best day ever after the cybersecurity firm beat Wall Street's expectations (More) > South Korean chipmaker SK Hynix breaks ground on more than $4B advanced memory-chip packaging and research hub in Indiana—its first US facility (More) | How do microchips work? (More) > House Oversight Committee releases transcript of former Barclays CEO Jes Staley's testimony over his ties to Jeffrey Epstein; see takeaways (More) Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted Wednesday at 11:17 PM Author Members Posted Wednesday at 11:17 PM > US stock markets close down (S&P 500 -0.7%, Dow -0.8%, Nasdaq -1.0%) as rising bond yields and oil prices weigh on stocks (More) | Why do bond yields matter? (More, w/video) | ... and why global bond yields are rising to multiyear highs (More) > Camera maker GoPro to merge with Starman Optical in $285M deal, expanding into AI, defense, and aerospace; GoPro shares jump 40% on the news (More) | GoPro's unlikely surfing origins (More) > Shein shares drop 9% after the Chinese e-commerce giant debuts on Hong Kong Stock Exchange (More) | Dell shares rise 8% in after-hours trading after reporting better-than-expected earnings, fueled by demand for AI servers (More) Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
Members phkrause Posted 14 hours ago Author Members Posted 14 hours ago > US stock markets close higher (S&P 500 +1.1%, Dow +1.2%, Nasdaq +1.4%) after Fed Gov. Christopher Waller signals support for holding interest rates steady this month if inflation continues to cool. > US mortgage rates climb to 13-month high, with average 30-year fixed rate rising to 6.71% from 6.66% last week; rate stood at 6.5% one year ago (More) | See mortgage rates over the past decade (More) > Dutch central bank reallocates roughly $11B worth of gold reserves from the US and Canada to the UK, citing geopolitical tensions and desire for greater access to reserves (More) | Learn about the world's largest known gold vault (More) Quote phkrause When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan. Proverbs 29;2
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