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Wall Street Closes Higher Fueled by Tech Rally, Soft Inflation Data

Wall Street's main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron's blowout forecast signaled strong AI demand. The Consumer Price Index report showed that consumer prices increased less than expected in the year to November. The...

Trump Expected to Sign $1 Trillion Annual Defense Bill

President Donald Trump on Thursday plans to sign into law a nearly $1 trillion annual defense policy bill, despite its provisions providing new aid to Ukraine and reining in his ability to dial down U.S. involvement in the defense of Europe. The fiscal 2026 National Defense Authorization Act, or NDAA,...

Instacart to Pay $60 Million to Settle FTC Claims It Deceived Shoppers

Instacart has agreed to pay $60 million to settle the U.S. Federal Trade Commission's allegations that the online grocery delivery platform deceived consumers about its Instacart+ membership and free delivery offers, according to court documents filed in San Francisco on Thursday. Instacart's offer of "free delivery" for first orders was...

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