In a bid to push people to its newer plans, AT&T is raising the price of some of its older Unlimited and Mobile Share plans. Single-line users will see up to a $6 a month increase, and people with family plans could have up to $12 a month added to their bills, according to Bloomberg. […]
Match Group CEO Shar Dubey is stepping down as chief of the dating app giant, effective May 31. Bernard Kim, president of Zynga, will take over the helm, the company said Tuesday. Dubey will continue to serve as a director on the board and will take on an advisor role, “allowing her to focus on […]
The Federal Reserve is widely expected to raise its fed funds target rate by a half-percentage point Wednesday, but investors will be more focused on whether it signals it could get even tougher with future rate hikes. The Fed also is expected to announce the start of a program to wind down its roughly $9 […]
AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up as much as 8% in extended trading. Here’s how the chipmaker did versus Refinitiv consensus estimates in the quarter ending March: EPS: $1.13, adjusted, versus $0.91 expected, up 117% year-over-year Revenue: $5.89 billion, versus $5.52 billion expected, up […]
NEW YORK, May 2 (Reuters) – Wall Street ended a volatile trading day higher on Monday and benchmark U.S. Treasury yields breached the 3% mark as investors braced for a widely anticipated U.S. Federal Reserve interest rate hike. All three major U.S. stock indexes gyrated between positive and negative territory throughout the session, and the […]
The S&P 500 just suffered its worst April performance since 1970, plunging into its second correction of the year — now, many experts are lowering their projection for the index this year. Bank of America analysts led by Savita Subramanian trimmed their year-end outlook for the S&P 500 by 100 points to 4,500, which would […]
Gold prices fell to a near three-month low on Monday as increased prospects of faster rate hikes by the US Federal Reserve lifted both Treasury yields and the dollar, swaying investors away from the precious metal. Spot gold declined 1.6% to $1,869.52 per ounce by 12:20 p.m. ET, its lowest since mid-February. US gold futures […]
The Biden administration will spend more than $3 billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said Monday. About $3.16 billion in grants will be made available to produce key battery metals such as lithium, cobalt and nickel, said Dave Howell, principal deputy director in the […]
Elon Musk is the new Oracle. This title which is accompanied by the respect of both Wall Street and Main Street was previously attributed to the legendary investor Warren Buffett, 91, who is called the Oracle of Omaha. Buffett has inspired respect, admiration, and devotion to the point where the shareholder meeting of his conglomerate […]
Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and Charlie Munger talked […]
SINGAPORE — Shares in Asia-Pacific were lower in Monday morning trade, with data released over the weekend showing Chinese factory activity contracted in April. In Japan, the Nikkei 225 fell 0.54% as shares of robot maker Fanuc dropped about 3%. The Topix index also shed 0.38%. South Korea’s Kospi traded 0.5% lower. Australia stocks declined, […]
The price of diesel hit an all-time high in the United States this week as energy markets around the world cope with ongoing disruptions amid Russia’s invasion of Ukraine. The average price of a gallon of diesel was $5.296 on Sunday, up about 4.3% from one week ago and nearly twice as much as one […]
