News

Fed holds key rate steady, still sees two more cuts this year

The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting this week.

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 May.

Trump says 'stupid' Powell 'probably won't cut' rates when Fed meeting ends Wednesday

In the latest in a series of attacks on Powell, Trump said the Fed's key borrowing rate should be at least two percentage points lower.

This artificial intelligence subcategory is undergoing a 'golden age,' says long-time tech analyst Dan Ives

Wedbush Securities' Dan Ives, who launched an artificial intelligence ETF this month, tackles his top AI plays.

Klarna CEO wants to turn the platform into a 'super app' with AI

The buy now, pay later giant's IPO may be on hold — but its business strategy remains the same, according to CEO Sebastian Siemiatkowski.

JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee

JPMorgan, the biggest U.S. bank by assets, shook up the card industry with the launch of the Sapphire Reserve almost a decade ago.

Nasdaq-traded Chinese herb company hits near $30 billion market value after speculative surge

The developer of traditional Chinese herbal treatments for childhood ADHD and autism is up roughly 40,000% year to date.

Luxury credit card rivalry heats up as Amex, JPMorgan tease updates to their premier cards

The long-running rivalry between the country's top premium credit cards is about to heat up again.

China May retail sales grow at fastest pace since December 2023 on trade-in program, holiday impact

Growth in industrial output slowed to 5.8% year on year in May from 6.1% in the prior month.

Why aren’t Chinese consumers spending enough

China's consumer spending shows little sign of picking up soon, given uncertainty about future wealth, changing preferences and lack of a social safety net.

New ETF gives investors opportunity to act like private equity giant as shift away from public stocks picks up

Private markets are going to become a bigger part of investor portfolios as companies from SpaceX to OpenAI become corporate giants without an IPO.

Israel-Iran attacks and the 2 other things that drove the stock market this week

Investors received good news on the inflation front on Wednesday and Thursday.
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