Fed’s Powell emphasizes need for more evidence that inflation is easing before cutting rates
Federal Reserve Chairman Jerome Powell said Wednesday it will take a while for policymakers to evaluate the current state of inflation.
Amazon cuts hundreds of jobs in cloud computing unit
The cuts affect hundreds of staffers in AWS’ store technology and sales and marketing units.
Steve Cohen says it’s early to judge Mets season, sees making team a winner as a ‘civic responsibility’
One of the most prolific hedge fund managers on Wall Street knows what it’s like to post some losing trades early in the year only to rebound later
More students are dropping out of college — here’s why
Financial challenges are the main reasons at-risk students consider leaving college at some point, according to a recent report.
Amazon ditches cashierless checkout system at its grocery stores
The company said it won’t include the system, called Just Walk Out, in existing Fresh stores or new locations, and will instead rely more heavily on Dash Carts.
Weekly mortgage demand remains stalled, as interest rates stay stubbornly high
Mortgage rates didn’t move much last week, and for the second week in a row, neither did mortgage demand.
Iowa-LSU draws 12.3 million viewers, most in women’s college basketball history
Superstar Caitlin Clark dropped 41 points Monday to lead the Hawkeyes to the Final Four vs. UConn.
Intel shares fall after company reveals $7 billion operating loss in foundry business
Intel said that its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion.
Fed officials still expects rate cuts this year, but not anytime soon
The central bank official noted progress made on inflation while the economy has continued to grow.
Here’s what upgrading to a nicer home could cost you, and why it’s locking up the market
The average homeowner with a near record-low mortgage rate would see their monthly payment shoot up 132% in order to move up to a 25% more expensive home.
