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Another hot inflation reading released Friday reinforces that any near-term interest rate cuts are less likely, as the Federal Reserve shifts to a higher-for-longer stance.
Intel's negative earnings surprise caught a few of the newfound bulls to the story by surprise.
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year.
A real estate brokerage owned by Warren Buffett's Berkshire Hathaway said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid. HomeServices of America, the largest U.S. real estate brokerage, was the last remaining defendant in a case against the National Association of Realtors (NAR) and four brokerages.
Zuckerberg's track record of making money only after achieving a kind of critical mass is a harder sell for AI.
Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.
In his 2016 letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett wrote, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we ...
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"We're making these adjustments now to ensure we're able to re-accommodate customers on affected flights," the company said. The move comes a day after peer Southwest Airlines said that it will shut operations at some airports as a result of the 787 delivery issues. Reuters reported earlier this month that the output of Boeing's 737 MAX had fallen sharply on increased production checks by U.S. regulators.
The enterprise software kingpin delivered another solid quarterly update.