The president’s company will launch a fintech and investment platform called Truth.Fi to invest in ETFs and crypto.
Fed stands pat, leans hawkish with omission of inflation-progress reference
After several months in which inflation data have largely moved sideways, the U.S. central bank dropped from its latest policy statement language saying that inflation "has made progress" towards the Fed's 2% inflation goal. The Fed is now in a holding pattern as officials await further inflation and jobs data and clarity on the impact of President Donald Trump's policies.
Tech stocks stage partial recovery after market rout sparked by DeepSeek's rise
Nvidia closed higher on Tuesday as some investors seized an opportunity to buy the chip giant at a discount following its record wipeout on Monday.
Starbucks Stock Shines as Analysts Mull Early Merits of Turnaround Plan
Starbucks shares moved higher Wednesday as some analysts seem to be buying in—albeit cautiously—on new CEO Brian Niccol’s “Back to Starbucks” turnaround plan.
Fed Ends Streak Of Rate Cuts, Entering 'Wait And See' Phase
The Federal Reserve's policy committee voted to hold its key interest rate steady Wednesday. Stubborn inflation and a resilient labor market in recent months have curbed the central bank's appetite for more rate cuts.
Why Victoria's Secret (VSCO) Stock Is Falling Today
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) fell 6.5% in the pre-market session after the company appointed a new CFO, Scott Sekella, who most recently served as CFO of fabric and crafts retailer Joann and previously held financial leadership roles at Under Armour and Crocs. In conjunction with this appointment, the company raised the midpoint of Q4 guidance for sales, operating income, and adjusted EPS. The market seemed to be looking for a more convincing raise, as
Watch live: Fed Chair Jerome Powell answers questions after rate hold
Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
Key Takeaways From Fed Decision to Hold Rates Steady
(Bloomberg) -- Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday:Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersManhattan’s Morning Commute Time Drops With New Congestion Toll Federal Open Market Committee votes unanimously to maintain benchmar
Nvidia Stock Drops Wednesday as AI Chipmaker's Roller-Coaster Week Continues
Nvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about the competitiveness of American AI firms and their spending on the emerging technology.
8 ways investors can play a possible Trump-driven inflation shock that deprives the market of rate cuts
Tax cuts, deregulation, and protectionist policies, sounds like a deal for the domestic economy. But it could upset the balance of things.