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By Noel Randewich June 5 (Reuters) – U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom’s weak report earlier this week reverberated across Wall Street. The PHLX chip index slumped almost 8.5% in afternoon trading, putting it on track for its deepest one-day loss since Wall Street’s “Liberation Day” tariff […]

NASCAR Hall of Famer Ned Jarrett, a two-time series champion, died on Thursday. He was 93. The Jarrett family said he died at his home in North Carolina. “With profound sadness, the family of NASCAR Hall of Fame driver and radio/TV personality, Ned Jarrett, announces his passing on Thursday, June 4, 2026,” the family statement began. “He died peacefully of natural causes at his home in Newton, North Carolina, with […]

RALEIGH, N.C. (AP) — Less than 12 hours after his team blew a two-goal lead and lost in overtime, coach John Tortorella has no issues with where his Vegas Golden Knights stand in the Stanley Cup Final against Carolina that is now all tied up at 1-1. In true “Torts” fashion, he is not explaining why. “I like our team, where we’re at,” Tortorella said Friday. “We’re good. We’re ready […]

ENGLEWOOD, Colo. (AP) — Denver Broncos outside linebacker Jonathon Cooper was jailed Friday on domestic violence charges. Cooper, 28, was held on suspicion of two counts of domestic violence and one count of criminal mischief, according to Douglas County jail records. He was arrested by Parker Police at 11:16 p.m. Thursday and booked into jail at 2:38 a.m. Friday. Cooper had his first appearance Friday in the 23rd Judicial District […]

The operator of the S&P 500 says it has decided not to change its guidelines for when very large “MegaCap” companies are eligible for inclusion into its bevy of stock indexes. In its announcement Thursday, S&P Dow Jones Indices said its index committee weighed responses received from a “wide range of market participants,” but ultimately decided not to make any changes to its criteria for determining when a company should […]

WASHINGTON (AP) — After cooling slowly in 2024 and 2025, inflation is rising again, squeezing most Americans’ budgets and making it harder to afford gas, groceries, and other necessities. Inflation reached 3.8% in April from a year earlier, the highest in three years. So, how bad is it really? Larry Kudlow, a financial news commentator on Fox Business, posed that question Wednesday to Kevin Hassett, director of the National Economic […]

ATLANTA (AP) — What is more American than taking a musical instrument with ancient roots and zapping it with electricity? That new creation, the electric guitar, has launched the dreams of millions of teenagers. It turned garages into impromptu rehearsal spaces for would-be rock stars across the American suburbs. For those who couldn’t play, couldn’t try to play or couldn’t get some friends with instruments together, there was always the […]

ABOARD AIR FORCE ONE (AP) — President Donald Trump said on Friday that he wants Bill Pulte, his new acting director of national intelligence, to cut the office, which has already been significantly scaled back during his second term. Trump noted that the size of the office as been “way too high for way too long” and that “if he cut, I wouldn’t mind.” “Bill Pulte is very good, he’s […]

BOSTON (AP) — A federal judge on Friday struck down a Trump administration policy enacted after the shooting of two National Guard members that made it harder for immigrants from dozens of countries to stay and enter the U.S. In a ruling harshly criticizing the administration, U.S. District Chief Judge John McConnell Jr. said the policy “threw the lives of countless immigrants living in the United States into indeterminate legal […]