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

Nina Jankowicz, a disinformation expert and vice president at the Centre for Information Resilience, gestures during an interview with AFP in Washington, DC, on March 23, 2023. Bastien Inzaurralde | AFP | Getty Images Nina Jankowicz’s dream job has turned into a nightmare. For the past 10 years, she’s been a disinformation researcher, studying and

(Bloomberg) — A slide in some of the world’s largest technology companies dragged down stocks, with traders also wading through a raft of corporate earnings. Bets on less aggressive Federal Reserve rate cuts continued to lift bond yields. Most Read from Bloomberg Equities extended losses into a third consecutive session, with Nvidia Corp. down 3%

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. It’s no secret that computer gaming chipmaker turned AI wunderkind Nvidia (NVDA) has had a fantastic year, but the party may have just begun for investors. “The revenue monetization opportunity is so much greater [than investors appreciate],” Bank

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett is worried about a rise in impersonators looking to capitalize on his name by purporting to be him recommending an investment product or political candidate on social media.

Filing a tax return can be a real challenge even when you’re single. Add a child or two (or more), a stepparent, and/or your spouse into the mix and you might find yourself holding your head in your hands. Fortunately, the Internal Revenue Code is replete with provisions for parents and spouses. Coming out on

Boeing (BA) released third quarter earnings on Wednesday morning, highlighting the precarious nature the planemaker finds itself ahead of another momentous event: a labor vote set for later Wednesday. Boeing reported a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said operating cash flow was negative-$1.345

Coca-Cola’s (KO) third quarter turned out better than expected as consumers continue to be picky with their dollars. On Wednesday morning, the soda giant posted revenue of $11.9 billion, beating expectations of $11.61 billion, though down from $12 billion in the year-ago period. Adjusted earnings came in at $0.77 a share, above estimates for $0.74.