Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September. So deposit rates — including money market account rates — have started falling. It’s more […]

(Bloomberg) — The yuan declined while Chinese stock futures whipsawed after authorities announced a total 10 trillion yuan ($1.4 trillion) program to refinance local government debt, signaling investors weren’t impressed with the latest attempt to support the economy. Most Read from Bloomberg The yuan sank as much as 0.6% in offshore trading, pulling its Asian

Block reported third-quarter revenue on Thursday that trailed Wall Street expectations. The stock initially sold off after hours but erased most of its losses as investors focused more on profitability metrics. Here is how the company did, compared to analysts’ consensus estimates from LSEG. Earnings per share: 88 cents adjusted vs. 87 cents expected Revenue:

Shares of Palantir Technologies (NYSE: PLTR) and Nvidia (NASDAQ: NVDA) have skyrocketed 223% and 194%, respectively, this year, as of Nov. 6 amid strong demand for artificial intelligence (AI). That makes them the second-best and third-best performing members of the S&P 500 behind electric utility Vistra. Interestingly, Ken Griffin’s Citadel, the most profitable hedge fund

Key Takeaways Shayne Coplan, the CEO of Polymarket, a blockchain-powered prediction market, said the outcome of Tuesday’s election was a “vindication” of the platform’s predictive power. Nearly $3.7 billion worth of contracts tied to the outcome of the presidential election were traded on Polymarket this year. Coplan said the platform plans to expand to the

By Tom Westbrook and Samuel Shen SINGAPORE (Reuters) – Asia and even China are shaping up as surprisingly resilient investment markets as Donald Trump returns to the White House, with fund managers optimistic the region can withstand tariffs better than Europe. Investors say Asia’s exporters and supply chains have been able to better weather trade

Russell Hardy, chief executive officer of Vitol Services Ltd. Bloomberg | Bloomberg | Getty Images SINGAPORE — Vitol is eyeing the metals market with global petroleum demand expected to peak in a decade, signaled Russell Hardy, CEO of Vitol, the world’s largest independent energy trader. “The petroleum, the oil business, we still think it will

Federal Reserve Chair Jerome PowellSamuel Corum/Getty Images Indexes rose Thursday to continue a post-election rally after the Fed cut interest rates. The Fed cut rates by 25 basis points, a smaller move compared to its September meeting. The central bank appears slightly more focused on inflation as CPI data remains sticky. Indexes ended higher on

RNG earnings call for the period ending September 30, 2024. Image source: The Motley Fool. RingCentral (RNG 3.47%)Q3 2024 Earnings CallNov 07, 2024, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello, and welcome to the RingCentral third quarter 2024 earnings conference call. [Operator instructions] As a reminder, this

Consumers broke up with cash during the COVID-19 pandemic, and it doesn’t appear that they’re rushing to reconcile. Before the pandemic, Steffen Kaplan, a social media and visual consultant in the New York area, preferred using cash to credit cards. When we spoke in September 2020, he said cash helped him avoid overspending, but the