News

Why the 'great resignation' became the 'great stay,' according to labor economists

Employers have pulled back on hiring and workers are quitting at lower rates following a period of high churn in the U.S. job market.

How much money does Mariah Carey make from 'All I Want For Christmas Is You'? 'It's a lot,' music expert says

The yuletide anthem makes millions of dollars every year, estimates suggest. The "Queen of Christmas" likely keeps a big chunk of that haul, experts say.

This country may have the fastest-growing e-commerce sector 'on the planet'

EMQQ Global founder Kevin Carter is making a big bet on the world's second-biggest emerging market.

How the Federal Reserve's rate policy affects mortgages

Quantitative tightening at the Federal Reserve may keep upward pressure on 30-year fixed mortgage rates for the foreseeable future.

Banking app Dave, back from the brink, is this year's biggest gainer among financials with 934% surge

Dave, which makes money by extending loans to cash-strapped Americans, is emblematic of a larger shift that's still in its early stages, analysts say.

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud

Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to other consumers and businesses.

Warren Buffett's Berkshire Hathaway scoops up Occidental and other stocks during sell-off

Berkshire Hathaway bought over $560 million worth of stocks over the last three sessions.

Wall Street's fear gauge — the VIX — saw second-biggest spike ever on Wednesday

The CBOE Volatility Index (.VIX) surged 74% to close at 27.62, up from around 15 earlier in the day.

Chinese self-driving trucking company pivots to generative AI for video games

Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.

Fed cuts by a quarter point, indicates fewer reductions ahead

The Federal Reserve on Wednesday announced its decision on interest rates.

The Fed sees only two rate cuts in 2025, fewer than previously projected

The so-called dot-plot, which indicates individual members' expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in November.
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