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Dow surges nearly 500 points then plunges after Fed hints next move is rate cut

May 1, 2024 7:06 pm

The Fed concluded its two-day monetary policy meeting by letting the Fed funds target rate stand at 5.25%-5.50%.

UnitedHealth CEO defends insurer after major hack, reveals amount of ransom paid as senators question firm?s size

May 1, 2024 6:34 pm

"Your company let the country down," Senate Finance Committee Chairman Ron Wyden told Witty.

BlackRock looks to make monthly paychecks part of 401(k) employee retirement plans

May 1, 2024 6:26 pm

NBC News reporter Kalhan Rosenblatt takes leave of absence after ?struggling with suicidal ideation?

May 1, 2024 6:14 pm

Kalhan Rosenblatt wrote that "a confluence of factors" have "led me to my rock bottom" but that she is now "getting the help I need now."

Stocks surge as Fed Chair Jerome Powell signals further rate hikes ?unlikely?

May 1, 2024 6:08 pm

Wall Street traders now envision just a single rate cut this year to the Fed?s benchmark rate, now at a 23-year high of 5.3%.

Feds probing financial transactions at Jack Dorsey?s Square, Cash App: report

May 1, 2024 4:41 pm

Areas under investigation include whether the company failed to gather sufficient information on customers to assess risks, and if processed transactions involved countries subject to economic sanctio...

Roger Ver, crypto investor dubbed ?Bitcoin Jesus,? cheated US out of $48M in taxes: feds

May 1, 2024 4:10 pm

Roger Ver was arrested in Spain over the weekend, according to the Justice Department. The US will seek his extradition.

Job openings drop to 3-year low of 8.5M as fewer workers quit

May 1, 2024 3:39 pm

Monthly job openings are down sharply from a peak of 12.2 million in March 2022 but remain at a high level.

Court rules that Perrier is soda, not French mineral water ? and therefore taxable

May 1, 2024 2:28 pm

Perrier, which has been marketed as French mineral water for more than a century, is actually soda — and can therefore be taxed, a Pennsylvania court ruled. Perrier’s classificatio...

Twitter co-founder Jack Dorsey backs anti-Israel protesters at Columbia University

May 1, 2024 2:23 pm

The Twitter co-founder posted and shared several messages on X that were critical of law enforcement's response to the protesters.