NewBusiness•1h•1 min readThe Fed held interest rates steady, but these officials see more hikes coming soonDallas Fed’s Lorie Logan sees “at least” 50 basis points in additional hikes.Katherine LangfordContinue reading
NewBusiness•1hCaregivers are now spending more than $11,000 a year out of pocket—up 60% in five yearsAn AARP study shows the financial sacrifices families make and their long-term impacts.Read story →
Business•2h$6.3bn in 30 minutes: how the world’s biggest heist unfoldedNorth Korean hackers’ attack on Binance takes crypto theft to an unprecedented scaleRead story →
Business•2hMicrosoft is winning the cloud wars and becoming Wall Street’s new golden childVarious factors indicate that Microsoft is in a better financial position than its cloud rivals, analysts say.Read story →
Business•3hAmerican workers are finding their take-home pay isn’t keeping up with inflation, with their wallets ‘stretched thinner and thinner’Worker compensation grows slower than inflation for second straight quarterRead story →
Business•3hSocial Security’s fate — and your benefits — are in the hands of the candidates elected this yearThe program is expected to run out of money in the next six years, which is the same amount of time as a senator’s term.Read story →
Business•3hThe effects of a midterm ‘blue wave’ will be felt for yearsSenate arithmetic in this electoral cycle could spell disaster for the RepublicansRead story →
Business•4hAfter Intel’s historic stock drop, analysts say there’s no reason to buy the dip“A cheaper stock does not necessarily offer better value,” one expert says.Read story →
Business•4hCD&R pursues buyout of $40bn card processor Global Payments Deal for US company would rank among largest buyouts in historyRead story →
Business•4hPrivate equity in your 401(k)? Heed Warren Buffett’s warning.About 52% of people with a workplace retirement plan say they would invest in private assets if they were available in their company’s plan.Read story →
Business•5hWe stopped helping our neighbors with free home repairs and our friendship cooled. Who’s to blame?“Last summer, they complained about needing to replace their roof. A few months later, they bought a new SUV.”Read story →
Business•6hReddit shares on track for biggest-ever one-day drop. It’s not the last of the bad news, analysts say.Shares in the online discussion platform tumbled 25% on Friday morning after the company issued a lower-than-expected revenue outlook.Read story →
Business•6hIt’s the strangest job market the U.S. has ever seen. The low-hire, low-fire economy turns 3 years old.America has always been a job-creating machine. It has broken down for three straight years, and the implications could be with us for a long time.Read story →
