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Plus: Nokia says a German court has ruled that Amazon is using its patented multimedia technology without a license. Constellation Energy will restart Pennsylvania’s Three Mile Island nuclear plant to help power Microsoft’s AI centers.
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Plus: Brazil’s Supreme Court orders Elon Musk’s X to pay a fine of almost $1 million a day until he stops users in the country from accessing the platform. And, Disney plans to stop using Slack following a major data leak. Azhar Sukri hosts.
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Plus: Nvidia and Tesla are among the day’s tech winners. Bitcoin rallies above $63,000. Olive Garden owner Darden Restaurants leads the S&P 500 higher after striking a delivery deal with Uber. J.R. Whalen reports.
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The Federal Reserve cut interest rates by half a percentage point yesterday, the first reduction since 2020. Wall Street Journal economics reporter Justin Lahart joins host J.R. Whalen to discuss how it’s likely to affect credit-card account holders and prospective home buyers.
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Plus: U.S. stocks rally a day after the Federal Reserve cut interest rates. Israel launched a wave of airstrikes against Hezbollah targets in Lebanon, as the militant group’s leader said the attacks on its members amounted to a declaration of war. J.R. Whalen reports.
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Plus: Boeing plans to furlough white-collar workers to cut costs for the duration of a strike by its largest union. And, Meta says EU regulations could limit the benefits the bloc sees from the artificial-intelligence boom. Azhar Sukri hosts.
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Plus: Boeing shares fall after the company said it is furloughing tens of thousands of white-collar employees in an effort to cut costs amid a strike. GM shares rise after the automaker said it will offer U.S. customers access to Tesla superchargers through an adapter. J.R. Whalen reports.
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Plus: Lions Gate Entertainment plans to start using generative AI in creating new movies and TV shows. The United Auto Workers threatens to strike against Stellantis over cutting jobs and delays in reopening idled plants. J.R. Whalen reports.
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Plus: BlackRock and Microsoft partner on a new artificial-intelligence infrastructure fund. And, Tupperware files for bankruptcy after years of weak sales. Luke Vargas hosts.
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Plus: JPMorgan shares rise following a WSJ report that it is talking to Apple about taking over its credit-card program from Goldman Sachs. lntel shares climb a day after the chip maker announced cost-cutting measures. Regulators approve Alaska Air-Hawaiian Airlines merger, with strings. J.R. Whalen reports.
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