Here’s why trillions of dollars in money market funds may not restart the stock market rally
Money market funds have raked in new cash even as stocks have rallied. History shows that money isn’t just dry powder waiting to buy the dip.
Instacart files to go public on Nasdaq to try and unfreeze tech IPO market
Following a 20-month drought in venture-backed tech IPOs, Instacart filed on Friday to go public on the Nasdaq.
These high-quality AI stocks are poised to outperform, Trivariate Research says
The Wall Street firm processed over 180,000 earnings call transcripts and company presentations to identify the presence of artificial intelligence keywords.
R. Kelly and Universal Music Group must pay over $500,000 in music royalties to his victims, judge rules
The judge signed an order stating that the music corporation must turn over funds satisfying Kelly’s debt of $507,234.05.
Tesla Autopilot safety probe by federal vehicle regulators nears completion
NHTSA initiated a safety probe of Tesla’s driver assistance systems — now marketed in the U.S. as Autopilot, Full Self-Driving and FSD Beta options — in 2021.
Young people say this is the No. 1 factor in building wealth—but this is ‘the real key,’ according to a money expert
The most important factor in building wealth: your salary, according to 67% of both millennials and Gen Zers, a recent survey found.
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
Federal Chair Jerome Powell called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.
Mark Zuckerberg’s new return-to-office mandate is a clear problem, says Harvard expert: It’ll cause a ‘huge amount of distrust’
Meta CEO Mark Zuckerberg used to be pro-remote work. His company’s backtracking reveals a serious leadership problem, says a Harvard University expert.
Death of Wagner chief Prigozhin strengthens Putin’s hand in Russia, John Bolton says
The former U.S. national security advisor also expressed concern over the slow progress of the Ukrainian counteroffensive.
Spanish soccer president refuses to resign despite kissing a player on the lips at Women’s World Cup
Luis Rubiales defiantly told an emergency general assembly of the federation “I won’t resign” four times in quick succession.
