IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares moved 3% lower in extended trading on Wednesday after the hardware, software and services provider fell short of Wall Street’s revenue expectations for the third quarter. Here’s how the […]

The Dow Jones Industrial Average and other major indexes suffered a steep decline Wednesday afternoon as the yield on the benchmark 10-year U.S. Treasury note continued its upward climb, reaching 4.23%—a level not seen since July. In the afternoon, the Dow dropped 631 points, or 1.4%, heading for its worst day in over a month.

KEY TAKEAWAYS The Consumer Financial Protection Bureau (CFPB) fined Apple and Goldman Sachs more than $89 million for mishandling and misleading Apple Card users, causing its customers to pay for unexpected and sometimes potentially fraudulent or unauthorized purchases. The technology company and investment bank partnered to launch the Apple Card in 2019 despite being aware of technological

Trump Media & Technology Group stock (DJT) extended gains on Wednesday, rising around 5% in afternoon trading as investors bet on former President Donald Trump’s improved odds of winning the November election in less than two weeks. The moves come after the stock hit its highest level since July on Tuesday, with shares closing up

Democratic presidential nominee, U.S. Vice President Kamala Harris delivers remarks before departing the vice president’s residence on October 23, 2024 in Washington, DC. Kevin Dietsch | Getty Images Vice President Kamala Harris blasted Donald Trump on Wednesday for his reported praise of Adolf Hitler and said the Republican presidential nominee “wants unchecked power.” Harris, the

McDonald’s stock (MCD) fell around 5% in afternoon trading on Wednesday after the Centers for Disease Control and Prevention said the company’s Quarter Pounder burgers had been linked to an E. coli outbreak in some states, with most illnesses in Colorado and Nebraska. “This is a fast-moving outbreak investigation,” the CDC wrote on its website.

The Federal Trade Commission received more than 330,000 reports of scammers impersonating businesses in 2023. Some of these scammers pretend to be major corporations like Amazon or Best Buy, the FTC says. But small businesses are at risk too, says Scott Taber, a cybersecurity awareness program specialist at the Michigan Small Business Development Center. “There’s

On Sept. 18, 2024, the Federal Open Market Committee (FOMC) lowered its benchmark interest rate by 50 basis points or 0.50%. The move made headlines because it was the first rate adjustment since July 2023 and the first rate reduction since March 2020. The cut was prompted by improving economic conditions in the U.S. Inflation,

When you log in to your favorite social media app, you may not realize some of the ways it is connected to other popular social media platforms. Globally, many of the top social networking services own (or are owned by) the same parent companies. Investors looking to capitalize on the popularity of the latest social

Billionaire entrepreneur Mark Cuban made it clear at a town hall in Arizona that he doesn’t believe Vice President Kamala Harris would ever support a tax on unrealized gains. Speaking to a room full of local entrepreneurs while campaigning for Harris, Cuban boldly stated that if Harris ever backed such a tax, he would actively