The Federal Reserve held interest rates steady on Wednesday for the fourth consecutive policy meeting. Central bank officials signaled that they’re looking to hold rates steady through this year — but are close to hiking rates once. Fed members voted...
Social Security is hurtling toward a fiscal cliff that, if left unaddressed, will force an automatic 22% benefit cut for tens of millions of retirees, survivors, and their dependents in just six years. That’s the stark warning from the release...
As SpaceX’s (SPCX) June 12 initial public offering (IPO) approaches, the company has been securing some very lucrative AI compute deals, but the timing and terms of those deals are adding concern. Last week, SpaceX said Alphabet’s (GOOGL) Google will...
Bitcoin’s slide below $60,000 last Friday capped its worst week since the collapse of Sam Bankman-Fried’s FTX exchange in 2022. The forces currently at play seem almost benign by comparison, but that’s raising red flags for analysts, who warn that...
SpaceX is not yet public, but the race to own it is already rearranging the ETF market. A new space ETF with SpaceX exposure has surged past older rivals in assets just two months after launching, turning a once-niche corner...
As Americans confront a surge in prices at the pump, another inflation wave is headed for the grocery store. A combination of factors including bad weather, tariffs and a dwindling cattle herd are already pushing up grocery prices at an...
Americans grappling with higher gas prices as summer kicks off 02:07 American motorists, already facing the highest gasoline prices since 2022, are likely to see fuel costs rise further as the busy summer travel season heats up. A new forecast...
OpenAI is preparing to confidentially file for a U.S. initial public offering in the coming weeks, a source familiar with the matter said on Wednesday, adding to a wave of blockbuster listings anticipated in the year ahead. The plan by...
SpaceX has finally offered investors a public view of its internal finances, filing its S-1 IPO prospectus with the Securities and Exchange Commission ahead of its investor road show, reportedly planned for June 5. For the three months ended March...
The online marketplace called the cash-and-stock proposal “neither credible nor attractive.” The online marketplace eBay on Tuesday rejected a proposal by GameStop to combine the two companies in a cash-and-stock deal worth about $55 billion, calling it “neither credible nor...
April’s hotter-than-expected inflation reading is likely to put the Fed on watch for higher energy costs creeping into other prices, a red line that, if crossed, could raise the possibility of interest rate hikes. The Consumer Price Index rose 3.8%...
The US Senate on Tuesday voted 51-45 to approve Kevin Warsh as a governor on the Federal Reserve Board, the first step in a two-step process that would make him the next chair of the central bank. Senators immediately began...
Carlyle co-founder David Rubenstein said investors should expect changes at the Federal Reserve under incoming chair Kevin Warsh, including less communication with markets. But Warsh has a lot to prove on the Fed independence front, he added. “I think what...
Michael Burry has gone sour on GameStop (GME) after the video game retailer made an unsolicited $56 billion bid for online marketplace eBay. “Wall Street does indeed mistake debt for creativity, and does so constantly,” Burry wrote in a Substack...
Investors should brace for eye-popping capital expenditures numbers from major cloud service providers like Amazon (AMZN) and Microsoft (MSFT) when they report earnings this week. In a new note, JPMorgan strategist Samik Chatterjee offered some fresh estimates on accelerating AI...
