Wall Street Nears Record Highs Amid Tariff Watch
U S stocks edged toward records as tariff uncertainty lingers. The S&P 500 rose 0.6 percent and the Dow added 214 points while the Nasdaq gained 0.8 percent led by Nvidia and Broadcom. Dollar General jumped 15.8 percent after strong first quarter results and raised full year forecasts. Economists note moderate tariff impact with a resilient labor market and improving job openings ahead of Friday’s May report. China talks and Xi Jinping conversations loom as markets await further policy signals.
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Meta strikes 20 year nuclear power deal for AI growth
Meta will secure nuclear energy under a 20 year contract to support AI and data center demand, expanding Constellation Energy Illinois Clinton Clean Energy Center output by 30 megawatts, preserving 1,100 local jobs and boosting $13.5 million in annual tax revenue. The plant powers about 800,000 homes and the deal begins in June 2027 as the state’s zero emission credit program expires.
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Victoria's Secret delays earnings after cyber breach incident
Victoria's Secret postponed its quarterly earnings release after a security incident hit its IT systems and shut down the U S site for several days. The breach disrupted corporate operations and in store services, with preliminary first quarter figures pegged at 1.35 billion dollars in net sales and 32 million dollars in adjusted operating income.
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McDonald’s to Bring Back Snack Wrap July 10
McDonald’s announced a new version of the Snack Wrap will hit shelves July 10 after fans kept ordering the item at drive thrus since its 2016 U S discontinuation. The comeback follows social media campaigns and petitions that amplified demand.
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