Business
Micron shares plunge on weak second-quarter guidance
Micron shares plunged in extended trading after the chipmaker issued weaker-than-expected second-quarter guidance.
Congress is scrambling after Trump and Musk’s push implodes government funding plan
“One of the worst bills ever written,” Elon Musk posted on his social media site X. Read More
MacKenzie Scott has given away over $19 billion in the last 5 years and experts say she’s ‘changed entire fields like affordable housing’
MacKenzie Scott acknowledged another $2 billion in donations as 2024 comes to a close. Read More
Public health experts are warning of a ‘quad-demic’ this winter. Here’s where flu, COVID, RSV, and norovirus are spreading
Taking precautions to protect yourself from the quartet of infectious diseases can lessen your odds of bringing an illness into ...
OpenAI says it’s not using voice data or transcripts of calls to new 1-800-ChatGPT phone line for AI training
Offering a free phone service to collect voice data is a tried and true Silicon Valley technique pioneered by Google. ...
Trump joins Elon Musk in opposing House GOP’s government funding bill
President-elect Donald Trump came out against government spending bill backed by Republican House Speaker Mike Johnson.
Texas billionaires made a $200 million bet on a college football ‘laughingstock.’ It’s paying off with a championship run
The support of the deep-pocketed donors has quickly launched the program from mediocrity to national relevance. Read More
Tesla shares sink 8%, giving up some gains from post-election pop
Tesla shares dropped more than 8% on Wednesday, their biggest decline since before Trump’s election victory, which has been a ...
The Fed sees only two rate cuts in 2025, fewer than previously projected
The so-called dot-plot, which indicates individual members’ expectations for rates, showed officials see interest rates falling to 3.9% by the ...
This chip play is up nearly 40% in December, and its dividend is growing
This semiconductor stock offers investors a combination of capital appreciation, income and dividend growth – and it’s having a hot ...
A person in Louisiana is hospitalized with the first severe case of bird flu in the U.S. They’re in critical condition with severe respiratory symptoms
It’s also the first U.S. human case linked to exposure to a backyard flock, the CDC said. Read More
Agentic AI is a ‘new labor model, new productivity model, and a new economic model,’ says Salesforce’s Marc Benioff
Agentic AI is making Marc Benioff feel like a beginner again. Read More
Senior Tory urges Elon Musk not to back Reform UK
Andrew Griffith showers praise on Tesla billionaire before asking him to also consider the Conservatives
Why the stock market was so disappointed by the Fed Wednesday
Investors were more concerned with what the Fed projected in its forecast for 2025 than they were heartened by the ...
Solana and XRP are in line for ETFs in 2025, Bloomberg analysts say
Analysts predict “a wave of cryptocurrency ETFs” under incoming SEC chair Paul Atkins. Read More
Barclays annual bonuses expected to increase as much as 20%
Across Wall Street, expectations are rising for a decent year for bonuses, particularly in capital markets-related jobs. Read More
Manhattan man admits to helping create secret Chinese government police station in the middle of NYC
China is believed to be operating secretive police outposts across North America and Europe. Read More
Michael Dell says adoption of AI PCs is ‘definitely delayed,’ but it’s coming: ‘I’ve seen this movie a couple times before’
Executives on Dell’s earnings call last month said that the company’s anticipated customer refresh to new AI-enabled PCs is going ...
Tech giants, Wall Street, and corporate elite are pouring millions into to Donald Trump’s inauguration
The president-elect’s inaugural fund donors range from CEOs like Sam Altman and Ken Griffin, to Meta, Amazon, Bank of America ...
Ex-Miami GOP lawmaker charged in secret plot to help Venezuelan media tycoon curry favor with Trump
An indictment alleges former Congressman David Rivera failed to register as a foreign agent of a sanctioned Venezuelan media tycoon. ...
SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy
Former chief executive Tim Baxter left the retailer in September 2023, seven months before Express filed for Chapter 11 bankruptcy. ...
Fed cuts by a quarter point, indicates fewer reductions ahead
The Federal Reserve on Wednesday announced its decision on interest rates.
The Federal Reserve cuts interest rates by another quarter point. Here’s what that means for you
The central bank has now shaved a full percentage off its benchmark rate since September. Here’s what it means for ...
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in November.
RFK Jr. has accused the FDA of suppressing hydroxychloroquine. Now, the study that suggested its use in COVID is retracted.
Elsevier issued its formal retraction on Tuesday. Read More
Nissan and Honda merger could be a move to head off crippling Trump tariffs
Combining forces would allow the companies to increase their U.S. manufacturing ahead of possible tariffs on car imports. Read More
Fed cuts rates by quarter-point but signals slower pace of easing
US central bank officials see just half a percentage point worth of reductions in 2025
The Fed just cut its key rate by a quarter-point, predicting fewer reductions next year as inflation remains stubbornly high
The dollar index is trading close to its highest level in more than two decades. Read More
Why Wall Street’s S&P 500 forecast for 2025 is likely to be ‘way off’
“A paradox exists in equity markets: Average returns do not occur often,” said Juan Correa of BCA Research.
