Business

Why medals at the 2026 Winter Olympics are worth more than ever

The recent surge in gold and silver prices to record highs will make the medals awarded at the 2026 Winter Olympics the most expensive in history. The Milan Cortina 2026 Winter Olympics officially begin on Friday and the value of the gold and silver medals that will be awarded to the winners…

LARRY KUDLOW: The Dow 50,000 Prosperity Rocket Ship

To quote President Trump’s Truth Social post, “Congratulations America” on Dow 50,000. And the widely known index didn’t just crawl above 50,000, it rocketed by 1,100 plus.And all those techie moaners and groaners have had their day in court, but they lost because they were up almost 2 percent and…

Dow closes above 50,000 for first time

The Dow Jones Industrial Average closed above 50,000 points for the first time on Friday as stocks rallied in response to a rout in tech shares earlier in the week. The closely watched index rose above 50,000 for the first time after 2 p.m. during Friday’s trading session, advancing 1,206.95…

SEC chairman warns of China-linked ramp-and-dump activity

The Securities and Exchange Commission has announced enforcement actions against stocks it suspects are involved in “pump-and-dump” or “ramp-and-dump” schemes tied to foreign-based companies, including entities with operations in China. SEC Chairman Paul Atkins said the agency is intensifying its crackdown on these manipulative practices to protect U.S. investors. In…

Stellantis takes massive B hit after moving away from EVs

Stellantis on Friday announced it will take a $26.5 billion charge as the automaker cuts back on electric vehicle (EV) production, joining other manufacturers in taking a financial hit after misjudging consumer demand for EVs. Stellantis – the parent company of brands including Chrysler, Jeep, Dodge and Ram – became the latest…

Pizza Hut to close around 250 locations

Pizza Hut will close about 250 locations in the U.S. through June as its parent company, Yum! Brands, moves to shut underperforming stores and reassess the brand’s long-term strategy, executives said. Yum! Brands Chief Financial Officer Ranjith Roy said during an earnings call that the closures will primarily target weaker-performing…