Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, with two top officials dissenting. ...
Category: Economy
Meta shares climb 10% on revenue beat, raised forecast
Shares of the social media company jumped more than 10% after the company reported second-quarter earnings on Wednesday that beat…
Figma prices IPO at $33, above expected range
Software developer Figma is poised to debut on the New York Stock Exchange on Thursday, becoming the latest high-profile tech…
Meta’s Reality Labs posts $4.53 billion loss in second quarter
Meta’s Reality Labs posts $4.53 billion loss in second quarter ...
Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club
Based on its post-market trading, Microsoft has become the world's second $4 trillion company following quarterly earnings. ...
Cash App opens up to Apple Pay and Google Pay for the first time
PayPal’s Venmo continues to gain ground, reporting more than 20% year-over-year revenue growth in the second quarter. ...
Boeing slashes losses as CEO touts ‘our turnaround year’
Boeing slashed its quarterly losses as sales jumped after it delivered the most airplanes since 2018. ...
Apple opens manufacturing academy in Detroit as Trump ramps up pressure to invest in U.S.
The Apple Manufacturing Academy is opening in downtown Detroit, with a focus on artificial intelligence. ...
Bessent, Warsh, Hassett are the leading contenders to get Fed chair job, CNBC survey finds
It's a virtual three-way tie to replace Fed Chair Jerome Powell as Fed chair when his term expires. ...