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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 […]

June 5 (Reuters) – SpaceX said on Friday it has entered into a multi-year cloud service agreement with Alphabet’s Google for access to compute capacity. As part of the deal, Google will pay SpaceX $920 million per month from October this year to June 2029, with capacity ramping up through September at a reduced fee, Elon Musk’s space venture said in a U.S. SEC filing. The compute capacity provided includes […]

WASHINGTON, June 5 (Reuters) – U.S. President Donald Trump on Friday told reporters that his team is looking into the idea of AI companies giving the American public a stake in their firms, adding that he planned to host a meeting with AI executives as soon as next week.    “There’s something very interesting about it, where it almost becomes a partnership with the American public,” he told reporters. “We’ll look […]

By Kate Holton and Andrew MacAskill LONDON, June 5 (Reuters) – U.S. Vice President JD Vance on Friday waded into a British dispute that has erupted over the murder of a student, blaming his death on what he said was civilizational decline and the failure to stop the “mass invasion of migrants”. Last year, Henry Nowak, an 18-year-old white man, was handcuffed by police as he lay dying from stab […]

LONDON (AP) — A father of six was sentenced Friday to 21 years in prison for a rape 23 years ago that another man had been wrongly convicted of, in what is widely considered to have been one of the U.K.’s worst miscarriages of justice in recent years. Paul Quinn, 52, was found guilty in April following a six-week trial at Manchester Crown Court on two counts of rape, one […]