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Tech stocks lead Wall Street after Nvidia, Salesforce and others say AI is creating growth

NEW YORK (AP) — Technology stocks led Wall Street on Thursday after Nvidia, Salesforce and others reported even fatter profits for the spring than analysts expected. The S&P 500 rose 0.7% and pulled closer to its all-time high set earlier this month. The Dow Jones Industrial Average added 105 points, or 0.2%, and the Nasdaq composite climbed 1.6%. Nvidia was the strongest force pulling the market higher, and the chip giant rallied 8.7% after once again delivering stronger profit and revenue for the latest quarter than analysts expected. More importantly for Wall Street, it also ...

Meta reaches $18 billion settlement in trial over teen social media addiction

OAKLAND, Calif. (AP) — Meta agreed Wednesday to pay up to $18 billion and add stronger child-safety measures to its Facebook and Instagram platforms as part of a landmark legal settlement that ended a trial over teen social media addiction and settled claims filed by nearly every state. The settlement resolved a pivotal case years in the making that sought to hold the tech giant accountable for the role its platforms played in undermining children’s mental health. The effort targeted features designed to hook young people’s attention. The agreement “institutes real change, real ...

Falling oil prices help calm stock, bond markets

NEW YORK (AP) — Oil prices fell again on Tuesday, which helped ease worries in the bond market and support stock prices. The S&P 500 rose 0.3% and edged a bit closer to its all-time high set earlier this month. The Dow Jones Industrial Average added 160 points, or 0.3%, and the Nasdaq composite climbed 0.7%. Some of the strongest action was in the oil market, where the price for a barrel of Brent crude fell 3.6% to $87.27 for a second decline following 13 gains in 14 days. The drop came even though tensions between the United States and Iran seemed to ratchet higher after the Trump ...

Canada strikes back

TORONTO (AP) — Canada struck back at the United States on Tuesday with retaliatory tariffs on about $20 billion worth of American goods, including steel, dairy products, appliances and farm equipment, as the trade war between the once-friendly neighbors escalated sharply. The confrontation ...

Economists don’t expect reopening the US to Mexican cattle imports to reduce high beef prices

The U.S. reopened a border crossing in Arizona to cattle from Mexico on Monday as part of a broader effort by the Trump administration to reduce record-high beef prices, though economists doubt the move will mean much to grocery store shoppers. The U.S. Department of Agriculture has said concerns about the New World screwworm’s spread lessened enough to allow the movement of cattle from Mexico at a crossing in Douglas, Arizona, about 230 miles southeast of Phoenix. Over time, it hopes to reopen other crossings in New Mexico and Texas. “Today, the border in Sonora is open for ...

An influencer degree?

Ask a teen what they want to be when they grow up, and there’s a fair chance being an influencer is on their list. Digital media and the people who star in it have been cultural mainstays for teens’ entire lives, so creating social media, video or podcast content seems a natural, albeit ...