High inflation is largely not Biden’s or Trump’s fault, economists say

President Joe Biden and former President Donald Trump participate in the CNN Presidential Debate on June 27, 2024 in Atlanta.Justin Sullivan | Getty Images News | Getty ImagesInflation decelerated again in June, bringing further relief to consumers’ wallets.The...

China’s robotaxi push sparks concerns about job security for drivers

More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters.Bloomberg | Bloomberg | Getty ImagesBEIJING — China’s yearslong...

Ethereum ETF countdown: Bitwise CIO sees ‘birth of a new asset class’

Wall Street is getting ready for a new batch of cryptocurrency exchange-traded funds: ethereum. Spot ether ETFs could hit the market as soon as this week, pending U.S. Securities and Exchange Commission approval, and Bitwise Asset Management’s Matthew...

Stocks making the biggest moves after hours: WD-40 Company, Costco and more

Check out the companies making headlines after the bell : WD-40 Company — Shares gained 11% after the maker of metal lubricants reported fiscal third-quarter results that beat analysts’ expectations. WD-40 posted earnings of $1.46 per share on revenue of $155...

Stocks making the biggest moves midday: Intuit, AMD, LegalZoom.com, Baidu and more

Check out the companies making headlines in midday trading: Intuit — Shares of the TurboTax parent company fell about 2.6% after it said it will slash 1,800 jobs , or about 10% of its workforce, as it boosts investments in artificial intelligence. Intuit said it plans...