Articles

The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts

The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on their high-yield savings accounts.

Exxon-Pioneer deal set to be cleared by FTC, reports say. But there’s an unusual twist.

Exxon Mobil Corp.’s $60 billion takeover of Pioneer Natural Resources is set to be cleared by U.S. regulators, according to reports Wednesday, but there’s a twist involving the latter’s chief executive.

Etsy shares plunge 16% on decline in gross merchandise sales

Etsy Inc.’s stock plunged 16% in after-hours trading Wednesday after the company posted quarterly results that included a decline in gross merchandise sales.

Qualcomm’s stock rises after earnings show traction with on-device AI

Qualcomm Inc. says it’s benefitting as customers look to enable artificial intelligence on their devices, and its stock gained about 4% after hours.

Informatica’s stock is flat despite revenue and earnings beats, following acquisition flirtation with Salesforce

Informatica Inc.’s stock was flat in after-hours trading Wednesday after the software company posted quarterly results.

Zillow forecasts slower second quarter, amid caution among first-time buyers and agents

Online real-estate listing service Zillow Group Inc. on Wednesday forecast second-quarter sales that were below expectations, as a stalled housing market weighs on first-time homebuyer demand and pushes some real-estate agents to the sidelines.

DoorDash loses more than expected, but sales top expectations

Food-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter loss amid signs of a slight slowdown in growth for its large U.S. restaurant business, and it offered a second-quarter forecast for a key demand metric that was just shy of estimates.

A new ETF touts 100% downside protection. Here is how it works.

An ETF that launched on Monday promises investors 100% downside protection if they hold on to the fund, which is intended to track the S&P 500, for a full year.

Baby boomers and millennials are robbing Gen Z of a bright financial future

U.S. Treasury’s bond blunder will cost young Americans dearly.

Nio’s stock soars as April EV deliveries more than double, new ET7 sedan launches

Shares of Nio Inc. sped higher Wednesday, after the Chinese electric-vehicle maker reported April deliveries that more than doubled to outperform its peers by a wide margin.

This AI startup backed by Nvidia is now worth $19 billion

Nvidia Corp.-backed AI startup CoreWeave has nearly tripled in value to $19 billion following its latest round of funding.

First loan under Biden’s transit-oriented development push goes to town north of Seattle

Despite initial hiccups, interest is “growing very fast” for loans, says Build America Bureau executive director Morteza Farajian.
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