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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.
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Informatica Inc.'s stock was flat in after-hours trading Wednesday after the software company posted quarterly results.
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Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.
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SMG earnings call for the period ending March 31, 2024.
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Blinken presses Hamas to seal cease-fire with Israel, says 'the time is now' for a deal The Associated PressMiddle East Crisis: Blinken Presses Hamas to Accept Israel's Latest Cease-Fire Proposal The New York TimesWorld awaits Hamas response to Israel cease-fire, hostage release proposal CBS NewsIsrael's war on Gaza live: For first time, aid enters Gaza via Beit Hanoon | Israel War on Gaza News Al Jazeera EnglishBlinken Pushes for Gaza Cease-Fire Deal in Visit to Israel The Wall Street Journal
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CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.
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CEO Ed Breen says results confirm that electronics business is now past the bottom, and "on road to recovery."
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Over 242,600 Ford Maverick trucks recalled due to risk of tail light failure Fox BusinessFord recalls 242,669 Mavericks, NHTSA says Detroit Free Press2022-2024 Ford Maverick recalled for taillights that could fail AutoblogFord recalls nearly 243,000 Maverick pickups for tail light problem NPRFord recalls 242669 US vehicles, NHTSA says Reuters
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China Releases CGI Video of Moon Base and It Contains Something Very Strange FuturismChina's dream moon base has a NASA Space Shuttle. The VergeChang'e-6 launch: What to expect The Planetary SocietyChina unveils video of its moon base plans, which weirdly includes a NASA space shuttle Yahoo! VoicesChina on track for crewed moon landing by 2030, space official says SpaceNews
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Company backed by TPG rises 9% on first day to bolster hopes for private equity exits
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AMD met estimates, but investors wanted more AI growth.
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Demand and raw material prices are sapping profitability.
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"Skelly" has been a fan-favorite since his debut in 2020.
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Starbucks Corp. worse-than-expected quarter and grim predictions for the year brews a mix of discontent and hope on Wall Street.
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The app turns Clear's best-selling book, "Atomic Habits," into something actionable.
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The offer is the company's third attempt to resolve tens of thousands of claims that its baby powder caused ovarian cancer and mesothelioma.
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Results by one of the standard-bearers for the AI movement set the stage for a broader pullback in the space.
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Canopy Growth Corp., Tilray Brands Inc. and Curaleaf Holdings Inc. were among cannabis stocks that were sliding into the red on Wednesday, a day after news of the federal government's plans to reclassify marijuana.
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Tesla Is Pulling Back From EV Charging, and People Are Freaking Out The Wall Street JournalIn surprise move, Musk axes the team building Tesla's EV charging network CNNMusk tweets plans to slow Tesla supercharger growth Yahoo FinanceTesla's Head of Human Resources Exits as Staff Upheaval Spreads BloombergTesla's top HR executive has left the company, sources say Fortune
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Marijuana reclassification marks Biden's latest election-year move The Associated PressWhat marijuana reclassification means for the U.S. The Associated PressDeclassifying Cannabis Still Leaves Pot Stocks in Limbo The Wall Street JournalJustice Dept plans to reschedule marijuana as a lower-risk drug CNNBiden administration plans to reclassify marijuana, easing restrictions nationwide NBC News
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Greene says she will force vote over Speaker Johnson's ouster next week CNNMTG to force vote on House Speaker Mike Johnson's job USA TODAYDemocrats laugh off Marjorie Taylor Greene's "crazy" vote to oust Mike Johnson AxiosGreene Says She Will Demand Vote Next Week on Removing Johnson The New York Times2 House Republicans move to oust Speaker Johnson 6 months after he took gavel Fox News
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Treasury Secretary Janet Yellen came under fire from Republican lawmakers Tuesday over a quip from President Joe Biden about letting tax cuts enacted by predecessor Donald Trump expire.
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Declassifying Cannabis Still Leaves Pot Stocks in Limbo The Wall Street JournalWhat marijuana reclassification means for the U.S. The Associated PressDemocrats revive cannabis decriminalization bill AxiosBiden administration plans to reclassify marijuana, easing restrictions nationwide NBC NewsBiden sends massive cash windfall to Calif. pot industry SFGATE
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The government spent a record-breaking $178.6 billion on small-businesses. But the federal small-business contracting base is still shrinking.
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United Methodist Church lifts 40-year ban on LGBTQ clergy CNNUnited Methodist Church Reverses Ban on Practicing Gay Clergy The New York TimesUnited Methodist Church lifts bans on LGBTQ clergy and same-sex weddings NPRApril 30 wrap-up: Some LGBTQ bans lifted, Episcopal communion approved UM NewsUnited Methodists, at major conference, repeal their church's longstanding ban on LGBTQ clergy ABC News
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Paul Auster, American author of The New York Trilogy, dies aged 77 The GuardianPaul Auster, author of ‘New York Trilogy,' dead at 77 CNNAmerican-Jewish novelist Paul Auster dies at 77 of lung cancer The Times of IsraelPaul Auster: Americans are divided like never before BBC.com
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Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.
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Paul Auster, the Patron Saint of Literary Brooklyn, Dies at 77 The New York TimesPaul Auster, 'The New York Trilogy' author and filmmaker, dies at 77 USA TODAYPaul Auster, bestselling novelist who wrote 'City of Glass,' has died at 77 NPRAmerican-Jewish novelist Paul Auster dies at 77 of lung cancer The Times of IsraelBrooklyn's bard: Paul Auster's tricksy fiction captivated a generation The Guardian
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Federal Reserve issues FOMC statement Federal ReserveFed holds interest rates at 23-year high, citing 'lack of further progress' on inflation Yahoo FinanceFed's Jerome Powell: Inflation remains too high and path forward is uncertain CNBCFOMC meeting today: Interest rates stay unchanged; no hint on cuts USA TODAYFederal Reserve FOMC debates rate cuts as inflation rises The Washington Post
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United Methodists, at major conference, repeal their church's longstanding ban on LGBTQ clergy ABC NewsUnited Methodist Church lifts 40-year ban on LGBTQ clergy CNNUnited Methodist Church Reverses Ban on Gay Clergy The New York TimesUnited Methodist Church lifts bans on LGBTQ clergy and same-sex weddings NPRApril 30 wrap-up: Some LGBTQ bans lifted, Episcopal communion approved UM News
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Majorie Taylor Greene is planning a vote next week to oust Speaker Johnson NPRGreene Says She Will Demand Vote Next Week on Removing Johnson The New York TimesRep. Marjorie Taylor Greene launches her plan to oust Speaker Johnson The Washington PostDemocrats Defang the House's Far Right The Atlantic2 House Republicans announce plans to oust Speaker Johnson 6 months after he took gavel Fox News
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Officials warn of risks to people with possible exposure amid bird flu outbreak in cows POLITICOOpinion | Dairy Workers Are the Most Vulnerable Population to Bird Flu The New York TimesCats died after drinking raw milk from cows infected with bird flu: CDC The HillUpdates on Highly Pathogenic Avian Influenza (HPAI) FDA.govAmerica's Infectious-Disease Barometer Is Off The Atlantic
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The company lowered its revenue-growth forecast for 2024 and showed a slowdown in volume growth for April.
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With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.
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Central bankers were widely expected to leave borrowing costs at a level between 5.25 and 5.5 percent, the highest in 23 years.
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Kenya floods: tourists evacuated from Maasai Mara after river bursts banks The GuardianFlooding in a Kenyan Natural Reserve Forces Tourist Evacuation The New York TimesTourists evacuated from Kenya's Maasai Mara reserve amid flooding and heavy rains ABC NewsWhat's causing the catastrophic rainfall in Kenya? The Associated PressKenya flood toll rises to 181 as homes and roads are destroyed Reuters
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The Treasury will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as Friday.
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Inflation has slowed from the epic rates of 2021 and 2022, but many consumers still feel pinched. What will it take to encourage them to spend? Thoughtful pricing strategies that empower customers as they make purchasing decisions, says research by Elie Ofek.
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There's no way to sugarcoat this: Small and midsize businesses should be scared to death about the consequences of the Inflation Reduction Act. Unless they provide goods and services to the green energy industry, the law's unforeseen consequences could increase their operating expenses in two ways. Here's what to expect — and how to prepare.
SEE MORE Audit-Proof Your Small Business
The Inflation Reduction Act is essentially a climate change law with some health care benefits. While the new legislation doesn't include any direct tax increases on small and midsize businesses, some of its provisions have the potential to raise costs for these companies significantly.
First Reason Why Cost of Business Could Be Going Up
For one, your chances of being audited may be going up. The new bill substantially expands the Internal Revenue Service's budget: More than half of the $80 billion increase in the IRS budget over 10 years will be used to beef up enforcement through new technology and new hires. That means more audits for companies that are the least able to financially manage them. I worry for businesses that gross $5 million or less since they usually don't have excess funds to pay a lawyer $50,000 to fight the IRS if their matter proceeds to court.
In a letter to the Senate, the agency's commissioner said, "These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans." Even so, with the hire of new auditors, it's likely that people with little or
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