U.S. stocks kicked off ⁠August ⁠on a strong note to send the Dow ⁠Industrials to a closing record high, as signs of de-escalating U.S.-Iran tensions pulled down oil prices and Treasury yields ​in a busy week for earnings and economic data. Crude prices settled down about 5% after U.S. President Donald Trump said on Sunday that talks with Iran to reopen the ‌Strait of Hormuz would take place on Monday, ‌though Iran disputed that talks were planned. The drop in oil prices helpe

By KAREN WEISE Tech giants are setting records every few months for how much they are spending on artificial intelligence — but this time, some jitters are also growing. On Thursday, Amazon said its capital expenditures totaled $53 billion in the second quarter, up 69% from a year earlier, as it built AI data centers and other infrastructure. It joined a parade of other big tech companies, with Meta on Wednesday reporting that its costs had risen 55% from last year, while Mic

Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight’s strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors. Amazon.com surged over 15% after posting ​its biggest quarterly revenue growth in over four years. Its results, along with a similar report from Microsoft on Wednesday, alleviated investor concerns about potential overspending on AI ‌data centers. Worries that he

By JOE RENNISON Long-term government borrowing costs shot higher earlier this week, in a sign that investors doubt whether Kevin Warsh, the new chair of the Federal Reserve, will keep inflation contained. The 30-year Treasury yield, an indicator of what it would cost the federal government to borrow money for three decades, rose 0.11 percentage points to 5.22% on Wednesday, its largest one-day increase in more than a year, and its highest level since 2007. The move higher has

By THE STAR STAFF Paulson Puerto Rico generated more than 13,000 jobs and $1.3 billion in operational economic impact during 2024 and 2025, according to a new economic study developed as part of the company’s Summer Internship Program. The findings anchor the fourth edition of the initiative, which Paulson uses to expose university students to real‑world strategic projects while highlighting the broader effect of its investments across the island. This summer, seven students

Wall Street ended sharply higher on Thursday, with chip stocks jumping ⁠and ⁠Microsoft logging its biggest daily percentage gain in ⁠18 years after the technology giant gave a stellar forecast that eased fears about massive spending on AI infrastructure. Microsoft jumped ​over 15%, boosting its stock market value by $450 billion, the greatest-ever single-day increase for a company on Wall Street. The tech heavyweight forecast quarterly sales and cloud growth above expectation

In a clear illustration of just how high ⁠the bar is for Big Tech to impress markets, South Korean chip giant SK Hynix plunged again as a ​record six-fold jump in quarterly profits missed forecasts early on Wednesday. That’s a warning ahead of U.S. megacap earnings due out later today. Before that, markets will digest the Federal Reserve’s ‌latest policy decision and commentary from Chair Kevin ‌Warsh as he takes the podium this afternoon. I’ll get into that and more below. B

The dining room at the Channing House in Palo Alto, Calif. on June 22, 2026. A recent Supreme Court ruling cleared the way for the Trump administration to end a humanitarian program that has allowed about one million immigrants to work legally in the U.S. (Ian C. Bates/The New York Times) By MIRIAM JORDAN and MADELEINE NGO Around Washington, Salvadoran-born crews have helped renovate, rebuild and maintain the Capitol, the Pentagon and Arlington National Cemetery. In senior li

The AI boom and the risk ⁠of ⁠a correction are emerging as major global ⁠credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and ​unprecedented AI spending may be running ahead of uncertain future returns. In its third-quarter Global Risk Outlook, Fitch said the credit backdrop remains dominated by ‌two short-term risks: mounting vulnerability to ‌an AI-related market correction and continued uncertainty linked to the U.S.-Ir

Wall Street dipped on Monday, as ⁠investors ⁠worried that stubbornly high oil prices could ⁠force the Federal Reserve to raise interest rates, as they also awaited guidance from major technology companies in ​a busy week for quarterly earnings. Microsoft, Amazon, Meta and Apple are set to report quarterly results this week. Investors were questioning whether a multi-year rally fueled ‌by optimism about artificial intelligence may be losing ‌steam. Investors last week were spo