Ty Roush is a New York City-based breaking news reporter who frequently covers Russia’s invasion of Ukraine, the automotive industry and sports money. He joined Forbes in 2022 and has covered Exxon acquiring Pioneer for nearly $60 billion, a mysterious respiratory illness
Bitcoin Hits 3-Week Low As Strategy Plans $5 Billion Sale
The largest institutional holder of bitcoin has shifted to selling its position in recent months.
Novo Nordisk Wipes Out $30 Billion In Market Value After Failed Heart Drug Trial
Analysts were critical of the Ozempic maker’s failed trial for a new experimental drug.
Amazon Shares Surge 14% Toward Best Day In A Decade—Jeff Bezos Overtakes Brin As 3rd Richest
A better-than-expected jump in cloud revenue boosted Amazon’s stock.
Zuckerberg’s Fortune Drops $18 Billion As Wall Street Sours On Meta’s AI Spending
Shares of the Facebook parent have plunged over what could be an 11-day losing streak.
Fed’s Benchmark Inflation Measure Cooled Last Month—But U.S. Economy Slowed In Second Quarter
Persistent inflation concerns are expected to push the central bank toward an interest rate hike.
Fed Keeps Interest Rates Unchanged As Dissent Mounts
The central bank appeared divided over future interest rate moves.
Cheesecake Factory’s Record Stock Run Builds Founder’s $300 Million Fortune
The restaurant chain’s stock has nearly doubled this year to a new all-time high.
Lucid Motors Shares Skyrocket 20% After Billionaire Saudi Prince Discloses $150 Million Stake
The electric vehicle manufacturer recently denied reports of bankruptcy.
Apple Briefly Surpasses $5 Trillion Market Value—Joining Nvidia
The iPhone maker recently regained its spot as the world’s most valuable company.
Ford’s Growing Recall List—Trapping Seats, Moving Seats And Engine Fires—Adds 80,000 SUVs
A driver’s seat that reclines on its own could pin rear passengers, regulators said.