Stock futures inched lower on Thursday night as investors continue to navigate a volatile global trade landscape.
Futures tied to the Dow Jones Industrial Average pulled back 63 points, or 0.1%. S&a… [+1860 chars]

The S&P 500 managed to eke out a gain on Thursday.

CNBC

Stock futures slip as investors await more trade news and fresh inflation data: Live updates - CNBC

Meta founder Mark Zuckerberg became a billionaire by connecting people with their friends to share photos and memories. Now he wants to also connect U.S. soldiers on the battlefield to help them defe… [+5909 chars]

Social network company Meta is partnering with weapons-maker Anduril to develop military technology for the Pentagon using AI and augmented reality.

The Washington Post

Meta is working on a high-tech helmet for the U.S. military - The Washington Post

WASHINGTON Rocket Labs $275 million acquisition of satellite payload provider Geost is just the latest move in a broader campaign to establish itself as a serious contender for U.S. military satellit… [+3390 chars]

With strategic acquisitions, Rocket Lab pursues prime defense contractor status With strategic acquisitions, Rocket Lab pursues prime defense contractor status

SpaceNews

With strategic acquisitions, Rocket Lab pursues prime defense contractor status - SpaceNews

Jeep says it will release its next-generation Jeep Cherokee midsize SUV late this year, filling a big gap in its lineup that has existed since the last iteration of the Cherokee ended production more… [+2656 chars]

The automaker said the all-new midsize SUV will come out in late 2025, almost three years after the last generation ended production.

The Detroit News

Jeep Cherokee returns as a hybrid with a boxy exterior - The Detroit News

Buried deep in the more than 1,000-page tax-and-spending bill that President Donald Trump is muscling through Congress is an obscure tax measure thats setting off alarms on Wall Street and beyond.
T… [+452 chars]

Buried deep in the more than 1,000-page tax-and-spending bill that President Donald Trump is muscling through Congress is an obscure tax measure that’s setting off alarms on Wall Street and beyond.

Bloomberg

Obscure Tax Item in Trump’s Big Bill Alarms Wall Street - Bloomberg

(Reuters) -Wells Fargo said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture between railcar lessor GATX Corporation and Brookfield Infrast… [+1205 chars]

The deal, which the U.S. banking giant said will not have a material impact on its financial position or earnings, includes the entire rail operating lease...

Yahoo Entertainment

Wells Fargo signs deal to sell $4.4 billion rail assets portfolio - Yahoo Finance

Chevron headquarters at 1400 Smith Street in Houston, Texas.
Westend61/Getty Images
Oil giant Chevron is laying off almost 800 workers in the Permian Basin, according to a notice to the Texas Workf… [+2001 chars]

The Houston oil giant previously shared plans to cut 15 to 20 percent of its global workforce by the end of 2026.

Chron.com

Houston oil giant slashes nearly 800 jobs in Texas - Chron

Barron's

Boeing Stock Jumps on CEO Comments. Here’s What He Said. - Barron's

A long-running family feud is once again roiling Market Basket, an iconic New England grocery chain with at least 90 stores. The company's board has placed its CEO, Arthur T. Demoulas, on leave a mov… [+4063 chars]

The board alleges that CEO Arthur T. Demoulas has been planning a work stoppage at the Massachusetts-based retailer. It also says he has "resisted an appropriate succession plan for Market Basket."

Market Basket CEO is put on leave in new spat at family-controlled supermarket chain - NPR

New tariffs could impact Gap's business by $100 million to $150 million, if they remain in effect, the company said Thursday when announcing fiscal first-quarter earnings. 
Shares fell more than 15%… [+5938 chars]

Gap beat Wall Street's expectations on the top and bottom lines but said new tariffs could cost it hundreds of millions of dollars.

Gap shares plummet as retailer says tariffs could cost between $100 million and $150 million - CNBC

Dell Reports Earnings Today. The AI Server Maker’s Guidance Might Disappoint. - Barron's

Even as we get more details about the launch next month, Elon Musks big self-driving experiment remains mostly a black box of information.
Even as we get more details about the launch next month, El… [+6020 chars]

Tesla’s robotaxi service is starting to come into focus, but we still lack key details about the launch.

The Verge

We still know almost nothing about Tesla’s robotaxi service - The Verge

TheStreet

Salesforce makes a big bet on booming tech market - TheStreet

AMSTERDAM Northrop Grumman is investing $50 million into Firefly Aerospace to further development of a medium-lift launch vehicle with a new name.
The companies announced May 29 that Northrop would … [+3913 chars]

Northrop Grumman is investing $50 million into Firefly Aerospace to further development of a medium-lift launch vehicle with a new name.

Northrop invests $50 million into Firefly for launch vehicle development - SpaceNews

Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.
Shares of Nvidia were 6% higher after the company posted better-than-expec… [+1739 chars]

Nvidia shares jumped on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.

NBC News

Nvidia results spark global chip rally - NBC News

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers.
The rate increased to 6.89% from 6.86%… [+2947 chars]

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers. The rate increased to 6.89% from 6.86% last week, mortgage buyer Freddie Mac said Thursday. A year …

Associated Press

Average rate on a US 30-year mortgage rises to 6.89%, its highest level since early February - AP News

WASHINGTON, D.C. - CVS is set to close hundreds more stores across the country in 2025. Here are the stores that will be closed or have already been closed in D.C., Maryland, and Virginia.
CVS closu… [+1179 chars]

CVS is set to close hundreds more stores across the country in 2025. Here are the stores that will be closed or have already been closed in D.C., Maryland, and Virginia.

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