Fed pauses rate hikes for first time in 15 months but hints at future increases
The Federal Reserve paused its 15-month interest rate hike campaign on Wednesday after government data pointed to a sharp slowdown in inflation last month.
EU wants Google ad business broken up over competition issues
Antitrust regulators at the European Union (EU) say Google must sell a portion of its digital advertising business to ease competition concerns.
FTC stalling Microsoft's $69 billion Activision deal
The Federal Trade Commission (FTC) is reportedly planning to block Microsoft’s $69 billion purchase of video game maker Activision Blizzard, maker of best selling game Call of Duty.
Salesforce rolls out AI cloud business for purpose-driven companies
Salesforce is getting into the generative AI business to help philanthropic organizations like nonprofits, the company announced on Monday.
Goldman Sachs slashes oil price forecast
Goldman Sachs lowered its 2023 outlook for crude prices by almost 10% citing a number of factors, even after Saudi Arabia's surprise production cut took the global markets off guard.
Toyota, Kia, Land Rover part of 247,000-vehicle recall
Data compiled by the U.S. National Highway Traffic Safety Administration shows over 247,000 vehicles built by Toyota, Kia and Land Rover were recalled last week.
Fed pause? CPI inflation data, CAVA IPO top week ahead
The Federal Reserve's decision on rates, consumer and producer inflation data, retail sales, GameStop's annual meeting and a potential spicy IPO top the week ahead on Wall Street.
Federal regulators promise reports on all major freight railroads
Regulators have completed a safety review of Norfolk Southern following February's derailment and plans to complete a probe of other freight railroads.
Tesla shares post longest winning streak since January 2021
Tesla shares are on pace to log their 10th-straight gain following reports of sales growth in China and the EV company’s new $7,500 tax credit.
Stock market could resume its downward spiral soon, Wall Street veteran warns
Wall Street veteran James Demmert warned the bear market is not yet over despite a months-long rally, and said stocks could tumble another 10% this year.
Target shares downgraded again on sales concerns
Target shares have been hit with a series of downgrades as consumer pushback on the retailer’s Pride merchandise continues. Citi lowered Target to neutral from buy on Friday.
Amazon, Target modify deliveries in areas with poor air quality
Amazon is cutting delivery routes short in places affected by poor air quality, while Target's order pickup service may not operate in the most affected areas.
Coinbase needs new CEO after SEC fail: Kevin O'Leary
Investor and Shark Tank star Kevin O’Leary says he’d get rid of Coinbase CEO Brian Armstrong and find someone willing to work with the Securities and Exchange Commission.
Tesla Model 3 vehicles now qualify for $7,500 tax credit
Changes to Tesla's battery supply chain has brought the electric automaker's Model 3 within the guidelines qualifying it for federal tax credits.
Target shares hit with another downgrade
Target shares were downgraded for the second time in less than a week as headwinds mount for the retailer.
Stock market rally could be derailed by an earnings slump, Morgan Stanley warns
Morgan Stanley analysts warned that the recent stock market rally could end this year as earnings per share for the benchmark index S&P 500 slide 16%.
Apple conference, OPEC’s oil cut, Nasdaq at 2023 high in week ahead
This week: Apple to unveil new VR headset; Lexus, Porsche and Honda to all unveil new cars; Activision to reveal new game; Janet Yellen to testify before Congress.
UBS may delay results after Credit Suisse rescue: report
UBS is reportedly considering delaying its financial results from July 25 to late August due to the complex issues involved in the takeover of Credit Suisse.
Chase online banking bug causes double transactions and fees
Customers of Chase's online banking services ran into a glitch on Friday that caused some to see double transactions including fees and payments.
Lululemon Athletica boosts outlook sending shares higher
Lululemon shares jumped after the activewear company raised its sales and profit forecasts on strong demand for comfortable athletic clothing.



















