Markets are clamoring for the Fed to start cutting soon: ‘What is it they’re looking for?’
Markets are pricing in an aggressive path for interest rate cuts starting in September.
Eli Lilly’s weight loss drug Zepbound cuts heart failure risks in late-stage study
The data adds to mounting evidence that Zepbound and other popular GLP-1 drugs have health benefits beyond promoting weight loss and regulating blood sugar.
Microsoft says OpenAI is now a competitor in AI and search
What once was a strategic, long-term partnership between the world’s biggest software company and an AI startup has morphed into something more complicated.
Delta and United to suspend flights to Tel Aviv
U.S. legacy carriers United Airlines and Delta said on Wednesday they will suspend their flights to Tel Aviv, Israel due to security concerns.
23andMe CEO Anne Wojcicki files proposal to take company private as stock craters
23andMe CEO Anne Wojcicki has submitted a proposal to take the genetic testing company private.
Meta’s Reality Labs posts $4.5 billion loss in second quarter
Meta’s virtual reality and augmented reality focused Reality Labs unit recorded an operating loss of $4.48 billion in the second quarter.
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 June.
Kamala Harris gets support of more than 100 VCs and tech execs in online pledge
In an online pledge on Wednesday, more than 100 tech investors and entrepreneurs said they are supporting Vice President Kamala Harris in her presidential bid.
Fed holds rates steady and notes progress on inflation
Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target.
The Federal Reserve sets the stage for a rate cut — here’s what that means for your money
The Federal Reserve will keep rates where they are, for now — but the first cut in four years is on deck.
