Damir Khabirov After years of low returns, money market mutual funds have recently become more attractive, thanks to a series of interest rate hikes from the Federal Reserve. But some investors worry about increased risk as the debt ceiling debate intensifies. Money market funds — which are different than money market deposit accounts — typically
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Userba011d64_201 | Istock | Getty Images Wall Street has eagerly rallied around companies making notable strides in artificial intelligence. However, several investors warn that the increasingly widespread deployment of AI has opened a “Pandora’s box” of environmental, social and corporate governance, or ESG, concerns. Generative AI models — ChatGPT being the most prominent example —
Prostock-Studio | Istock | Getty Images If you piled into Series I bonds over the past couple of years amid record-high yields, you may be eyeing an exit strategy as the rate declines. In May, annual I bond interest for new purchases dropped to 4.3% through October, down from 6.89% last November, based on cooling
Bernardbodo | Istock | Getty Images New government data shows inflation is cooling, and that means Social Security beneficiaries will likely see a lower cost-of-living adjustment next year. The Social Security cost-of-living adjustment for 2024 could be 3.1%, according to a new estimate from The Senior Citizens League. That’s well below the 8.7% increase to
A shopper in Greenville, New York, on April 30, 2023. Robert Nickelsberg | Getty Images News | Getty Images Inflation in April notched its lowest reading in two years, as price pressures for consumers continue to moderate from multi-decade highs and costs for household staples appear to be in retreat. The consumer price index, a
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In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Rivian Courtesy: Rivian Electric vehicle maker Rivian Automotive on Tuesday reported a first-quarter loss that was narrower than expected and said it’s still on track to meet a 50,000-vehicle production target for 2023. Shares were up about 4% in after-hours trading following the news. related
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Brian Chesky, CEO of Airbnb speaking on CNBC’s Squawkbox on May 4th, 2023. CNBC Shares of Airbnb fell as much as 10% in extended trading Tuesday despite first-quarter earnings that beat analyst estimates on top and bottom line, as it offered slightly weaker-than-expected guidance and a cautious
A person poses in front of a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Palantir –
In this article UP Follow your favorite stocksCREATE FREE ACCOUNT Kenny Dichter, founder and chief executive officer of Wheels Up Chris Goodney | Bloomberg | Getty Images Private jet company Wheels Up announced Tuesday that its founder and CEO, Kenny Dichter, is stepping down from his post immediately as the company faces mounting losses and
In this article CLVT Follow your favorite stocksCREATE FREE ACCOUNT Eclipse_images | E+ | Getty Images Company: Clarivate (CLVT) Business: Clarivate is a global information, analytics and workflow solutions company. It operates through three segments: (i) Academia and Government, which is about 49% of revenue and comprised of information and software services used to conduct,
Enes Evren Many investors are bracing for the economic fallout of the deadline for the U.S. to raise the debt ceiling or default on its obligations. Treasury Secretary Janet Yellen on Sunday said that failing to raise the debt ceiling will cause a “steep economic downturn” in the U.S., reiterating the country’s early June deadline.