News

A version of this article first appeared in the Reliable Sources newsletter. You can sign up for free right here. Time to vote? The lead story for Thursday’s morning shows: The impending vote to advance Brett Kavanaugh’s nomination to the Supreme Court. “This is it. They’re going to go to …

1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the new …

Key Takeaways The bitcoin price has continued its month of suffering, as the price briefly dipped below $60,000 on Monday.Former bitcoin exchange Mt. Gox has announced distribution of funds owed to former customers will begin in early July.The Securities and Exchange Commission (SEC) closed its investigation into Ethereum without filing …

Key Takeaways A new study by insurance giant Prudential has sounded the alarm for 55-year old Americans about their readiness for retirement.With only a decade until retirement, 55-year-old Americans have median retirement savings of less than $50,000, Prudential found.Prudential projected a rise in “silver squatters” who will need to rely …

The number of Americans who fear a recession decreased from last year to 55%, a new report from Allianz Life showed.Economists now forecast a much lower probability of recession and the Federal Reserve is working to temper inflation while keeping unemployment low.The report also showed that confidence in the economy …

Nvidia’s (NVDA) shares are rising in premarket trading, partly reversing their three-day correction and buoying other AI-linked plays like Broadcom (AVGO) and Taiwan Semiconductor Manufacturing Company (TSM); Airbus shares are tumbling in Paris trading after the European plane maker slashed its delivery and earnings targets, while those of rival Boeing …