Watch Fed Chair Jerome Powell speak live to an IMF panel on monetary policy
The U.S. central bank leader’s remarks follow a Fed decision last week to hold benchmark policy rates at their current level.
OpenAI says ChatGPT downtime caused by targeted attack
ChatGPT is experiencing major outages reflective of a targeted attack, according to OpenAI’s status page.
IRS data reportedly shows Buffett traded Berkshire stocks in personal account, according to ProPublica
The nonprofit news outlet cited a leak of confidential IRS data.
GM’s Cruise slashes contractor roles after driverless car suspension
Cruise announced a round of layoffs Thursday affecting contract workers who worked on its driverless ridehailing service.
Investor Sarat Sethi shares his picks for a higher-for-longer interest rate environment
The managing partner at Douglas C. Lane & Associates favors Morgan Stanley, among other stock names.
How Urban Outfitters’ Nuuly is outsmarting Rent the Runway
Since launching in 2019, Nuuly, a clothing rental subscription service by Urban Outfitters Inc., is growing quickly.
Astra founders offer to take company private at value of about $30 million
Astra’s rocket-launching business has been on hiatus since a June 2022 mission failure, and the company is running out of cash.
Average credit card balances top $6,000, a 10-year high, as delinquencies rise
Americans are increasingly leaning on credit to make ends meet, boosting balances and total debt to fresh highs.
Why these three money managers are betting big on AI ETFs
Artificial intelligence ETFs are giving investors a way to trade beyond the traditional tech names.
Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year
Rocket Lab’s launch business saw $21.3 million in revenue in the third quarter, with a mid-September mission failure halting the company’s momentum.
