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Federal Reserve votes on interest rates
The Federal Funds Rate is the price the Fed charges U.S. banks to borrow money overnight. This sets short-term benchmark interest rat
Why is Meta’s stock soaring after earnings? It’s about far more than the numbers.
Meta’s heavy AI spending is boosting ad revenue — and the company is only getting more profitable in the process.
Microsoft Stock Surges 7% After Earnings. Here Are the Numbers That Blew Investors Away.
Microsoft stock surged on better-than-expected financial results for its latest quarter and strong guidance, putting the tech giant on track to hit a $4 trillion market cap. The beat was driven in
Powell Bucks Pressure, Dissents in Showing Resolve on Inflation
Federal Reserve Chair Jerome Powell shrugged off pressure from the White House and rejected arguments for an interest-rate cut from two dissenting officials, maintaining that the central bank needed
Most US stocks fall as hopes weaken for a September cut to interest rates
Most U.S. stocks slipped on Wednesday after doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. The S&P 500 edged down by 0
Global Trade Raised Living Standards for Millions. New Barriers Are Reversing the Trend.
In Indonesia and elsewhere, export manufacturing helped narrow the wealth gap with the West, creating a consumer class, but that transformation has stalled.
Meta Seizes Its Moment to Spend More Aggressively in the AI Race
Meta Platforms Inc. is taking advantage of its lucrative advertising business and stepping up spending next year, with executives saying now is the time to seize on investment opportunities in
Costco has a major credit card problem
The warehouse club used to have one of the best credit cards on the market. Many believe that's not the case anymore.
GDP surged in the second quarter after sliding earlier this year
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
Virginia councilman set on fire in personal attack: Police
A Virginia councilman was set on fire in an apparent personal attack at his office on Wednesday, authorities said. The suspect, Shotsie Michael Buck Hayes, allegedly confronted Danville City
Meta beats Q2 expectations, stock jumps on better-than-anticipated Q3 outlook
Facebook parent Meta (META) reported its second quarter earnings on Wednesday, outperforming expectations and offering a better-than-expected outlook for Q3. The company says it anticipated between
Trump to penalize India for buying Russian oil. Here’s how much it purchases.
U.S. President Donald Trump’s latest salvo in his trade battles has targeted India, including that country’s reliance on Russian crude oil. So what’s the actual extent of India’s reliance on Russian
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