The Federal Reserve announced it will keep its benchmark interest rates intact after a Federal Open Market Committee meeting on Wednesday. However, the officials maintained their previous prediction of at least two cuts in 2025.
The Fed’s benchmark borrowing rate...
Reddit co-founder Alexis Ohanian will join Project Liberty’s bid to acquire social media platform TikTok. Project Liberty’s founder Frank McCourt announced the news on Monday, saying Ohanian will take on the role of a Strategic Advisor.
TikTok previously became the...
Semiconductor companies Broadcom and Taiwan Semiconductor Manufacturing Co (TSMC) are reportedly eyeing deals that would allow them to split rival chipmaker Intel. According to The Wall Street Journal, the two companies are not working together and are looking to...
We’ve watched the stock of many major tech companies soar to new heights this week, and the S&P 500 followed suit. As markets moved higher in mid-day trading on Wednesday, the S&P 500 index managed to reach an all-time...
Starbucks’ new CEO Brian Niccol is gearing up to make another bold move in his attempts to get back the storied coffeehouse chain to its former glory. In a letter shared on Starbucks’ official website, Niccol announced a wave...
The strong holiday season prompted retailers Lululemon Athletica and Abercrombie & Fitch to raise their quarterly forecasts for the current quarter, albeit with different responses from investors.
Lululemon previously projected sales between $3.48 billion and $3.51 billion and profit per...
