What makes a meme stock? Online enthusiasm for a beaten down company with doubtful prospects

NEW YORK (AP) — Investors occasionally scoop up shares of companies whose financial prospects appear dim. The consensus around such companies is that the shares should, if anything, fall further. But they suddenly get touted in online forums and take off for no fundamental reason. Wall Street has dubbed them “meme stocks.”

Asian markets are mixed after Wall St tumbles following poor US jobs report

BANGKOK (AP) — Shares in Asia are mixed after Wall Street had its worst day since May following the release of data.

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Asian shares mostly slip as focus shifts to US talks with China

TOKYO (AP) — Asian shares mostly declined Tuesday as some of the euphoria fizzled out over a tariff deal with Japan as proposed by President Donald Trump, which was followed by a similar deal with the European Union.

Asian shares are mostly higher after China-US talks end without a trade deal

BANGKOK (AP) — Shares in Asia were mostly higher on Wednesday after the U.S. and China ended their latest round of without a deal. U.S, futures edged higher while oil prices slipped.

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The Bank of England cuts its main interest rate to 4%, the lowest level since March 2023

LONDON (AP) — The Bank of England cut its main interest rate Thursday by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.

McDonald's posts better-than-expected sales as chicken strips, Minecraft meal drive traffic

Hot products like a “Minecraft”-themed meal helped McDonald’s turn around its sagging sales in the second quarter.

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How reliable is the jobs data? Economists and Wall Street still trust it

WASHINGTON (AP) — The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump the official who oversees it.

Federal Reserve Governor Kugler steps down, giving Trump slot to fill

WASHINGTON (AP) — The Federal Reserve that governor Adriana Kugler will step down next week, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill.

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Asian shares retreat after Trump's order imposing new tariffs on 68 countries and the EU

MANILA, Philippines (AP) — Asian shares retreated Friday following that saw more losses as investors assess President Donald Trump's order in seven days.

CVS Health hikes 2025 forecast again, boosted by insurance, pharmacy businesses

CVS Health topped Wall Street expectations for the second quarter and hiked its , as the health care giant continued to rally under new management from a forgettable 2024.

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Federal Reserve likely to air divisions as it keeps rates unchanged

WASHINGTON (AP) — Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division at the Fed that reflects the economy's muddy outlook and possibly the jockeying to replace Chair Jerome Powell when his term ends in May 2026.

P&G to increase prices in part due to tariffs as shoppers remain cautious and delay purchases

NEW YORK (AP) — Consumer products giant Procter & Gamble offered an annual earnings outlook that was below analysts' projections and said it would raise prices on about a quarter of its products in the U.S. in part due to higher costs from President Donald Trump's .

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Who wants to be a millionaire? 1 in 10 Americans already is but the status loses its luster

NEW YORK (AP) — As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn’t afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year.

Auto Loan Rejections Cut In Half Since February, Survey Finds

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How Trump could use a building renovation to oust Fed Chair Powell

WASHINGTON (AP) — President may have found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell: by accusing him of mismanaging the U.S. central bank’s $2.5 billion building renovation project.

Asian shares rise, buoyed by expectation of more trade pacts after US-Japan tariff deal

MANILA, Philippines (AP) — Asian shares rose Thursday, buoyed by optimism that the will be followed by more trade deals.

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Asian markets gain, with Japan's Nikkei up more than 3%, lifted by deal on Trump's tariffs

TOKYO (AP) — Asian shares rallied on Wednesday, with Tokyo’s benchmark Nikkei 225 index up more than 3% after announced a deal on President Donald Trump’s tariffs.

General Motors profit and revenue drops, but it maintains lowered full year outlook

General Motors’ profit and revenue declined in its second-quarter but the automaker easily topped expectations and the company stuck by its full-year financial .

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Chinese investors snap up stocks on hopes for an end to price wars and overcapacity

BEIJING (AP) — China’s stock market is buzzing over government promises to that have hurt profits and worsened global trade tensions.

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Asian shares mostly advance after Wall Street cruises to more records

MANILA, Philippines (AP) — Asian shares were mostly higher on Friday after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.

Retail sales up a surprising 0.6% in June after a May pullback by consumers

WASHINGTON (AP) — After an , consumers picked up their spending in June despite anxiety over and the state of the .

Nvidia CEO Makes First Ever Tesla Announcement - Ad

While Tesla's car sales slump, Nvidia's CEO says Tesla could lead a multi-trillion-dollar AI revolution. He's backing what's being called "Manifested AI" - a 25,000% growth market. And one tiny stock, 168x smaller than Nvidia, could be your way in before the world catches on.

Asian shares are mixed after Nvidia nudges Nasdaq to a record, while other US stocks slump

BANGKOK (AP) — Shares in Asia traded mixed on Wednesday after an pulled most U.S. stocks lower, though gains for pushed the Nasdaq to another record.

Business News Digest

AP Business Digest

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Tesla debuts in India with upscale showroom launch in Mumbai

NEW DELHI (AP) — opened its first showroom in on Tuesday, marking the electric vehicle maker’s long-anticipated debut in the world’s third-biggest automotive market.

Wizz Air will exit Abu Dhabi's Zayed International Airport, long overshadowed by Dubai

DUBAI, United Arab Emirates (AP) — Low-cost carrier Wizz Air said on Monday that it plans to suspend all locally based flight operations out of Abu Dhabi as geopolitics and operational developments test its margins.