Rate hikes have been good for stocks. This time might be different
CNN
The market has churned intensely this week as investors get to grips with expectations that the Federal Reserve will soon begin aggressively hiking interest rates in an effort to cap surging inflation.
What's happening: Trading on Tuesday was another rollercoaster ride, with the S&P 500, Dow and Nasdaq Composite all finishing in the red.
President-elect Donald Trump’s quest to buy Greenland from Denmark could make Ozempic and Wegovy, the weight-loss and diabetes drugs exploding in popularity, even more expensive for Americans.
A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt has made a formal offer to buy TikTok from its China-based parent company, ByteDance.
Lynne Levin-Guzman stood in the front yard of her 90-year old parents’ home in Los Angeles County, California, trying to protect it with a garden hose — because their insurance company no longer would.
In 2024, job growth continued to cool off, settling back into a familiar gait that was roughly in line with the pace of job creation in 2010-2019.
Cindy Kramer, 38, works well over 60 hours a week juggling four different jobs in Staten Island, New York, to support her child and make ends meet. Two of those jobs are bartending.
OpenAI co-founder Sam Altman denied allegations made by his sister in a lawsuit filed Monday, which claimed he sexually abused her for almost a decade.
The United States Maritime Alliance said on Wednesday it reached a tentative agreement on a new six-year master contract with the International Longshoremen’s Association.
Meta’s surprise decision to scrap its fact-checking partnerships – blindsiding journalists involved in the program and putting some out of work – is part of a much bigger shift in media and politics.
The former chief executive of MoviePass’ parent company has pleaded guilty to charges of security fraud and conspiracy and could face up to 25 years in prison.
The US will honor the late former President Jimmy Carter, who died at age 100 on December 29. President Joe Biden declared January 9 as a day of mourning in an executive order – the same day as his official state funeral at the Washington National Cathedral.
President-elect Donald Trump’s team was given the questions asked by Fox News anchors at an Iowa town hall last January in advance by someone inside the network, according to a forthcoming book, in what would be a serious breach of journalism ethics.