Economy

Fed keeps rates steady as it notes ‘lack of further progress’ on inflation

WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a…

BlackRock is opening a Saudi investment firm with initial $5 billion from PIF

Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from…

Why hundreds of U.S. banks may be at risk of failure

Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or…

Private payrolls increased by 192,000 in April, more than expected for resilient labor market

Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S.…

New Calamos ETF promises ‘100% downside protection.’ Here’s how it works

A new ETF designed to shield investors from the risk of market volatility starts trading on Wednesday.  The Calamos S&P…

DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonus

Former President Donald Trump received 36 million more shares of Trump Media Technology Group on Friday, according to a newly…

Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more

Check out the companies making headlines in extended trading. Amazon — Shares gained nearly 2% after the company beat on…