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Updated at 4:15 pm EDT U.S. stocks ended sharply higher Thursday, shrugging off a surprise profit warning from Microsoft (MSFT) – Get Microsoft Corporation Report, as investors looked to Friday’s May payroll report for firmer direction on markets heading into…

The U.S. Department of Education canceled about $5.8 billion in outstanding student loans for more than 560,000 borrowers in the largest single loan forgiveness action taken by the government to date, the department announced Wednesday. The cancellation applies to all…

Autonomous vehicle venture Cruise, which is majority-owned by General Motors, just scored the final permit it needed to offer its robotaxi service to paying riders in San Francisco, the company announced on Thursday. Cruise boasted in a blog post that…

(Bloomberg) — Jamie Dimon warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia’s invasion of Ukraine. Most Read from Bloomberg Elon Musk’s Ultimatum to Tesla…

A gas station in Los Angeles, California is charging over $8 for a gallon of gas as gas prices continue to climb nationwide. A Chevron station in downtown Los Angeles on the corner of Alameda Street and Cesar E. Chavez…

Elon Musk has reportedly told Tesla employees that they must put in a minimum of 40 hours per week in the office if they also wish to do remote work. In a screen grab of an e-mail allegedly sent by…