The S&P 500 reached a record closing high on Friday as solid profits and an impressive January jobs report increased investor confidence in the economy, despite the Federal Reserve's unlikely decision to drop interest rates anytime soon. U.S. equities closed the week significantly higher.

Feb 03, 2024 05:10 AM EST

Employers across the country launched an impressive hiring spree to start 2024, adding 353,000 new positions in January alone, the most recent indication of the economy's resilience in the face of the highest interest rates in two decades.

Feb 03, 2024 03:33 AM EST

Ferrari is a luxury sports vehicle company that exceeded both the top- and bottom-line earnings projections of Wall Street for the fourth quarter, capping a record-breaking year of profits.

Feb 02, 2024 01:00 PM EST

Due to market conditions and the sluggish distribution of U.S. grant funds, Intel is postponing the development of its $20 billion chip manufacturing project in Ohio, according to a Wall Street Journal story published on Thursday.

Feb 02, 2024 12:20 PM EST

Regional U.S. bank stocks fell sharply on Wednesday, led by a 37.6% decline in New York Community Bancorp (NYCB.N) shares, b after the company unexpectedly declared a loss and reduced its dividend, rekindling concerns about the stability of other lenders.

Feb 02, 2024 11:50 AM EST

As a result of ongoing geopolitical unrest and China's economic slowdown, investors gravitated toward gold as a safe haven asset in 2023, according to a research by the World Gold Council.

Feb 02, 2024 11:25 AM EST

The House approved a bill on Wednesday that would prolong certain business tax credits and enhance the important incentive for parents, bringing the Child Tax incentive one step closer to a makeover.

Feb 02, 2024 10:46 AM EST

As the spring housing market draws near, potential homeowners will be pleased to learn that the average long-term U.S. mortgage rate decreased this week.

Feb 02, 2024 08:29 AM EST

Temu and competitor Shein are smearing advertisements on Facebook and Instagram in an attempt to establish their brands and draw customers away from Alibaba's and Amazon.

Feb 01, 2024 02:56 AM EST

The Federal Reserve decided to keep its benchmark interest rate steady at the end of its first monetary policy meeting of 2024, which was largely anticipated on Wall Street.

Feb 01, 2024 01:34 AM EST

Experts warn that the introduction of exchange-traded funds (ETFs) tracking bitcoin in the United States could strengthen the bonds between the volatile cryptocurrency market and the established financial system, leading to unanticipated risks.

Feb 01, 2024 01:19 AM EST

A lot of consumers went to savings accounts last spring to assist offset growing borrowing expenses in the face of high (and rising) interest rates. You were probably going to make far more money if you opened a high-yield savings account or certificate of deposit (CD) than if you had just kept your money in a conventional savings account, which still has an annual percentage rate (APY) of less than 0.50%. The electronics company Apple and its high-yield savings account for eligible Apple Care members attracted a lot of depositors during this period.

Jan 31, 2024 10:47 AM EST

The fact that there is no one-size-fits-all formula for success is among the finest things about investing on Wall Street. There's virtually likely a method that can increase your wealth over time, depending on your objectives, level of investing risk tolerance, and hobbies.

Jan 31, 2024 07:50 AM EST

Starbucks failed Wall Street's forecasts with its quarterly profits and revenue announcement on Tuesday, as both its domestic and foreign sales fell short of projections.

Jan 31, 2024 07:10 AM EST

Education authorities in Oklahoma are making an effort to recover incentives totaling at least $290,000 that they inadvertently gave to multiple instructors.

Jan 31, 2024 06:20 AM EST