Stocks slide following Fed’s rate hike, Dow sheds more than 500 points: Live updates
The Dow Jones Industrial Average slipped as traders assessed the Federal Reserve’s latest monetary policy move and weighed the central bank’s next moves.
Finland is the No. 1 happiest country in the world for the sixth year in a row
The World Happiness Report released its 2023 ranking of the happiest countries. Once again, Finland, Denmark, and Iceland topped the list.
Bill Gates says OpenAI’s GPT is the most important advance in technology since 1980
“The whole experience was stunning,” Gates wrote. “I knew I had just seen the most important advance in technology since the graphical user interface.”
Rapper Bad Bunny sued for $40 million over ex-girlfriend’s voice recording
The voice recording can be heard on two of Bad Bunny’s hit songs: “Pa Ti” and “Dos Mil 16.”
Cathie Wood says rising rates hit her strategy like an earthquake and cyclical stocks are next
Ark Invest’s Cathie Wood said rapid interest rate hikes are now starting to hit more cyclical pockets of the market.
First Republic’s future to be discussed as major bank CEOs gather, sources say
Major bank chief executives are gathering in Washington for a two-day scheduled meeting starting on Tuesday, with the future of First Republic Bank to be discussed, sources familiar with the matter said.
Google CEO tells employees that 80,000 of them helped test Bard A.I., warns ‘things will go wrong’
In a memo to employees Tuesday, Google and Alphabet CEO Sundar Pichai wrote, “user feedback is critical to improving the product and the underlying technology.”
Fed faces a nearly impossible task: Keep inflation fighting cred and financial stability
The Fed began its two-day meeting Tuesday morning, and it’s widely expected to raise interest rates again.
The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis
The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also must reassure markets it can stem a worse banking crisis.
Everyone’s talking about Credit Suisse’s risky bonds. Here’s what they are and why they matter
AT1 bonds date back to the aftermath of the 2008 financial crisis, when regulators tried to shift risk away from taxpayers.
