Fed’s preferred inflation gauge rose 2.8% in March
The Federal Reserve’s preferred measure of inflation showed prices once again rose at an unexpectedly brisk rate in March, marking another setback for rate-cut timing....
Coffee prices poised to surge further as food inflation rages
A supply crunch of robusta coffee beans in Vietnam — the world’s biggest producer of the bitter bean variety — is poised to send the...
Google’s parent announces first-ever dividend, sending shares soaring
Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent...
TikTok owner ByteDance reportedly will shut down app rather than sell site as it faces ban
TikTok owner ByteDance reportedly would rather shut down the popular video-sharing app than sell it if the Chinese-based company exhausts all legal options to fight...
How much is ‘tipflation’ costing Americans every year?
Americans spend nearly $500 a year tipping more than they’d like to, according to new research. A survey of 2,000 Americans examined just how much...
Microsoft revenue surges 17%, driven by AI gains, ChatGPT partnership
Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across its cloud services and business software products. Revenue rose...
US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
The US economy grew at its slowest pace in two years in the first quarter, while prices rose at a faster rate — sending the...
Kim Kardashian’s private equity firm SKKY struggles to raise funds
Kim Kardashian’s private equity firm SKKY Partners has struggled to land funding — raising just a fraction of its $2 billion goal, according to a...
Seizure of $440M in JPMorgan funds ordered in suit over US-Russia sanctions
A Russian court ordered the seizure of $439.5 million in funds from JPMorgan Chase’s bank accounts in Russia that the largest American lender froze after...
Wall Street and tech billionaires race to buy banned TikTok
A handful of American finance and tech tycoons are gearing up for multi-billion bids to buy TikTok after President Joe Biden signed an act which...