Breaking News: Business

Here’s the Fed’s new rate forecast that’s moving the markets

The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March forecast…

Keith Gill has some tough choices to make on his GameStop options with Wall Street ready to pounce

As Roaring Kitty continues to watch his favorite GameStop shares swing wildly, he might be contemplating what to do with…

GameStop raises more than $2 billion by selling 75 million shares, capitalizing on meme frenzy

GameStop raised more than $2 billion in a recent stock sale as the video game company took advantage of a…

GameStop shares slide 12% following Friday’s 40% sell-off

GameStop shares fell about 12% on Monday as the meme stock extended Friday’s sell-off sparked by a dismal earnings report and…

Apollo’s co-president said it is one of the few private equity firms OK with higher rates

Back in December 2023, when the market was pricing in six or so rate cuts, Apollo Asset Management Co-President Scott…

A new account rekindles allegations that Trump disrespected Black people on ‘The Apprentice’

Gene Folkes had just been jettisoned as a contestant on “The Apprentice” and was commiserating with a crew member at a bar…

The low-end consumer ‘is really being stretched,’ says Five Below CEO

While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some…

GameStop shares jump more than 40% as ‘Roaring Kitty’ schedules YouTube livestream for Friday

Shares of GameStop shot to session highs Thursday after meme stock leader “Roaring Kitty” scheduled a livestream on YouTube, which…

Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘6-month thing’ as rates fall

Barry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from…

Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal

Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including…