The Horn News

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Stocks rally on Wall Street but still face sixth weekly loss

Stocks rallied on Wall Street Friday, but not enough to claw back all the losses the market has taken in this volatile week of trading. The S&P 500 rose 2.4% as of 12:01 p.m. Eastern. The benchmark index is still on track for its 6th straight losing week, something that… Read More

Google starts translating more languages; experts skeptical

About 10 million people speak Quechua, but trying to automatically translate emails and text messages into the most widely spoken language family native to the Americas in the Americas was long all but impossible. That changed on Wednesday, when Google added Quechua and a variety of other languages to its… Read More

eBay rattled by cyberstalking case; ex-employee pleads guilty

A former eBay Inc. executive pleaded guilty Thursday to participating in a scheme to terrorize the creators of an online newsletter that included the delivery of live spiders and other disturbing items to their home. David Harville, eBay’s former director of global resiliency, is the final onetime eBay employee charged… Read More

Senate confirms Powell to Fed again amid inflation

The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series… Read More

Crypto slump: Coinbase loses half its value in a week

Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales… Read More

Inflation slowly eases from 40-year record

Inflation eased slightly in April after months of relentless increases but remains near a four-decade high, imposing a continuing financial strain on American households. Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday. That was below the 8.5% year-over-year surge in March, which was the… Read More

Elon Musk commits to un-banning Trump, but questions linger

On Tuesday, Elon Musk said he would reverse Twitter’s ban of former President Donald Trump, who was booted in January 2021 for inciting violence at the U.S. Capitol, should he succeed in acquiring the social platform for $44 billion. But the day before, the Tesla CEO also said he agrees… Read More

Baby formula shortage grows dire amid FDA recall

Parents across the U.S. are scrambling to find baby formula because supply disruptions and a massive safety recall have swept many leading brands off store shelves. Months of spot shortages at pharmacies and supermarkets have been exacerbated by the recall at Abbott, which was forced to shutter its largest U.S…. Read More

Recession fears grow as Biden economy stalls

Inflation remains at a 40-year high. Stock prices are sinking. The Federal Reserve is making loans more costly. And the economy slightly shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one?… Read More