The Federal Reserve on Wednesday announced that it will hold interest rates steady due to concerns about elevated inflation amid the war in Iran, as Fed Chair Kevin Warsh’s tenure leading the central bank begins in earnest. Fed policymakers voted 12-0 to leave the benchmark federal funds rate unchanged at its…
Oil prices fluctuated on Wednesday as investors cautiously await a forthcoming deal to end the war between the United States and Iran. The terms of the preliminary agreement have not been released by either country, but traders will be eyeing whether the negotiations will ultimately lead to the Strait of…
There’s a misconception that people need thousands and thousands of dollars before they can start investing. But in today’s world, brokerage accounts can be opened with no initial deposit required, and you can start by buying just one share. That means in many cases your investing journey can start with…
McDonald’s announced Tuesday that it is bringing back its fried apple pie to celebrate America’s 250th birthday. The fried apple pies will be available at participating U.S. restaurants for a limited time starting June 23, marking their first broad U.S. rollout in more than 30 years.”Summer tends to move fast…
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In a move to capture the dual market forces of live broadcast television and digital streaming, Fox Corporation on Monday…
Ford announced a recall covering more than a quarter million Ford Focus vehicles over an issue that may cause the…
Elon Musk’s SpaceX debuted on the public market on Friday, raising $75 billion in what was the largest IPO in…
Elon Musk’s SpaceX began trading at $150 a share on Friday, above its listing price of $135 a share, making…
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Oil prices fell on Monday to the lowest levels since early March following the announcement of a preliminary agreement between the U.S. and Iran to end the war that has strained the energy market. West Texas Intermediate (WTI) crude oil prices were down over 5%…
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Investors have a growing list of exchange-traded funds (ETFs) and mutual funds that they can choose from as they consider ways to structure their investment portfolios, though there are important differences between the two types of funds. ETFs have grown rapidly as an investment category in recent years since they…
This story about the May 2026 CPI inflation report is developing and will be updated with more details. Inflation ticked higher in May as American consumers continued to face elevated fuel prices amid the Iran war’s impact on the energy market and across the economy.The Bureau of Labor Statistics (BLS)…
You might think that finding the money to contribute to your 401(k) is the hardest part of saving for retirement. But choosing the right investments can also be challenging. For this reason, many 401(k) savers take the easy way out and let their money land in a target date fund.…
Over the past 30 years, the S&P 500 index has generated a total return of 1,770% (as of June 5). That performance supports the view that the stock market is one of the best asset classes for growing your wealth. A starting sum of $10,000 in this benchmark in June…
So far this year, semiconductors and the physical infrastructure of artificial intelligence (AI) are dominating the exchange-traded fund (ETF) scene. For example, the iShares Semiconductor ETF is up 89% year to date. Given the intense interest – and investments – in AI, this makes sense. What’s driving the semiconductor boomSemiconductors…
Kia is recalling more than 6,000 vehicles because of a seatbelt malfunction that could increase the risk of injury in the event of a crash. The recall potentially affects 6,264 2027 Kia Telluride and Kia Telluride Hybrid models, according to a notice from the National Highway Traffic Safety Administration. The affected…
OpenAI said Monday it has taken a formal step toward a potential stock market debut, signaling that the artificial intelligence company is preparing for the possibility of becoming a publicly traded firm. The move gives OpenAI flexibility to pursue an initial public offering in the future, though the company indicated…
U.S. employers ramped up layoffs in May as the artificial intelligence (AI) rollout was the leading factor cited by companies cutting their workforces, new data shows. Companies announced 97,006 job cuts in May – an increase of 16% from the 83,387 cuts in April and an increase of 3% from…
Americans are increasingly reaching a breaking point regarding their household finances. Despite hopes for a soft landing after years of elevated inflation, consumer pessimism has reached some of its worst levels in years, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released Monday.The percentage…
Sam Bankman-Fried, the former cryptocurrency billionaire serving a 25-year sentence for fraud tied to the 2022 collapse of his FTX exchange, says he would welcome a pardon from President Donald Trump — but insists he has not lobbied the White House for one. “It would be obviously, you know, ultimately…
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