The Federal Reserve cuts interest rates by a quarter point after election. Here’s what that means for you
The second interest rate cut in a row will affect consumer borrowing costs. Here’s what it means for your credit card, mortgage rate, car loan and savings.
FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence
Caroline Ellison, who pleaded guilty to fraud charges tied to the collapse of crypto exchange FTX, is beginning her two-year prison sentence.
The four best bank stocks to own amid the Trump trade, according to top analyst Graseck
Big banks are set to outperform under another Trump administration, per Morgan Stanley.
FDA proposes ending use of decongestant found in many cold, allergy medicines
The FDA said the proposed order is not final yet, which means companies can still market over-the-counter drugs containing oral phenylephrine for now.
How Elon Musk stands to cash in on Trump’s presidential victory
Tesla CEO Elon Musk poured at least $130 million into a pro-Trump campaign effort after an assassination attempt on the former president in July.
Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold
Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.
Qualcomm pops on chipmaker’s earnings and revenue beat
Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and guided to a strong December quarter.
Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop
Coinbase’s success in helping its candidates win their elections on Tuesday sent the company’s stock price soaring, lifting CEO Brian Armstrong’s net worth.
The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know
Markets are pricing in a near-certainty that the FOMC will lower its benchmark rate by a quarter percentage point.
Foreign automaker stocks slide on Trump tariff fears
Stock prices of foreign automakers fell sharply Wednesday amid concerns the U.S. will hike tariffs on imported vehicles under President-elect Donald Trump.
