business news

Former EU Brexit negotiator Michel Barnier named new French prime minister

French President Emmanuel Macron has named Michel Barnier, the European Union’s former Brexit negotiator, as prime minister in a bid…

Visa debuts a new product designed to make it safer to pay directly from your bank account

Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit…

Harris unveils plan for 28% capital gains tax, softening Biden’s proposal for 40% rate

Vice President Kamala Harris on Wednesday proposed a 28% tax on long-term capital gains for households with an annual income…

Trump Media shares erase 2024 gains as key DJT sale date nears

Trump Media shares on Wednesday closed below where they stood at the end of 2023, as the Truth Social maker’s…

Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off

Microsoft’s generative artificial intelligence prospects are impressive. But the stock has more to offer investors than just the new tech.

U.S. targets Russia over 2024 election influence operation

The Biden administration on Wednesday announced sanctions targeting Russian government-backed efforts to manipulate American opinion leading up to the 2024…

Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears

The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator. Following economic news…

Ken Griffin’s Wellington hedge fund at Citadel squeezes out 1% gain in volatile August

Billionaire investor Ken Griffin’s suite of hedge funds at Citadel eked out small gains in what proved a volatile month…

Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting

Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation…