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.
As California wildfire season nears, startup BurnBot is working on a high-tech approach to prevention
BurnBot raised $20 million as it works toward developing technology that can help prevent wildfires.
Steve Eisman says the Fed shouldn’t cut rates, risks creating a stock market bubble if it does
Eisman said the central bank would be better off just staying put as the economy shows continuing signs of strength and inflation eases.
Tesla shares fall after deliveries drop 8.5% from a year ago
Tesla just reported first-quarter vehicle production and deliveries for 2024.
U.S. crude oil cracks $85 to hit highest level since October as geopolitical tensions mount
Oil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats.
Disney’s cinematic drought may have opened a door for activist investor Peltz
Other than “Avatar: The Way of Water,” Disney has not had a movie generate more than $1 billion since the last Star Wars movies in 2019.
How to avoid ‘ghost preparers’ and other tax scams as the April 15 federal filing deadline approaches
Fraud around tax season has been increasing. Last year, the IRS received nearly 300,000 complaints of reported identity theft. Here’s how to avoid tax scams.
10-year Treasury yield hits highest level since November as bets on June rate cuts cool down
Treasury yields slightly higher on Tuesday after robust manufacturing data appeared to reduce the likelihood of the Fed cutting interest rates in June.
