Chip stocks rally on optimistic AMD earnings and Fed’s signal that inflation is easing
Chip stocks like NVIDIA, Qualcomm and Broadcom were boosted after the Federal Reserve rose the federal funds rate by 0.25 percentage point on Wednesday.
Meta lost $13.7 billion on Reality Labs in 2022 as Zuckerberg’s metaverse bet gets pricier
In its first full year as a separate business, Meta’s Reality Labs unit racked up huge costs, bringing its total operating loss to $13.72 billion.
GoodRx to be barred from sharing health data for ads under proposed FTC settlement
The FTC order against GoodRx includes a $1.5 million civil penalty for allegedly violating the agency’s Health Breach Notification Rule.
Meta acquisition of Within reportedly approved by court in loss for FTC
The FTC sued to block Meta’s acquisition of Within in July, arguing Meta was using the deal “to buy its way to the top,” rather than compete on its own merits.
Here’s what the Federal Reserve’s 25 basis point interest rate hike means for your money
Everything from mortgages and credit cards to student and car loans will be affected by the latest rate hike from the Federal Reserve.
Fed raises rates a quarter point, expects ‘ongoing’ increases
The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting.
Amazon cited by Labor Department for second time in a month over warehouse injuries
Federal safety inspectors found workers at three Amazon facilities were exposed to unsafe conditions and ergonomic hazards.
Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says
Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before.
Mortgage demand took a big step back last week, even after interest rates fell further
Total mortgage application volume fell 9% last week compared with the previous week.
Here’s everything the Fed is expected to do Wednesday
Markets have priced in a near-100% certainty that the Fed will announce a rate hike of 0.25 percentage point when its meeting wraps up Wednesday.
