Apple’s Vision Pro or Meta’s Quest? Analysts prefer one to play the future of VR tech
Analysts weight in on which Big Tech company is likely to make VR to be the next big thing in consumer electronics
CNBC Daily Open: The Fed paused, but so did markets
Don’t see the Fed leaving interest rates unchanged as something positive.
New Zealand enters technical recession after economy shrank 0.1% in the first quarter
New Zealand’s economy contracted 0.1% in the first quarter of 2023, marking the second consecutive quarter-on-quarter decline for the economy.
S&P 500, Nasdaq rally for sixth straight day as traders hope Fed’s rate-hiking cycle is nearly over: Live updates
Investors are betting the Federal Reserve is close to done raising rates after the central bank this week skipped an increase.
Diablo IV crosses $666 million in sales in five days, a record for Activision’s Blizzard
The record-breaking sales provide some solace as the company faces a pending battle with the Federal Trade Commission over a planned acquisition by Microsoft.
The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%
The Federal Reserve paused its hiking campaign in June, but forecast it will raise interest rates as high as 5.6% before 2023 is over.
DoubleLine’s Gundlach says the Fed will break something if it sticks to its rate-hiking path
DoubleLine CEO Jeffrey Gundlach said the Fed could tip the economy into a recession if the central bank follows through on its rate-hiking path this year.
Fed recap: Breaking down the market’s reaction to the Fed’s pause and all of Powell’s key comments
The Federal Reserve announced on Wednesday afternoon that it would skip a rate hike in June.
Oracle says it’s seeing ‘exploding AI demand’ and Deutsche Bank touts one stock as a big beneficiary
The bank expects shares to rise nearly 8% over the next year.
The 10 U.S. cities where $250,000 goes the furthest are all in the South
Moving to these 10 cities would allow you to maximize a $250,000 salary, according to SmartAsset data.
