There’s about to be a new king of the stock-market jungle. Microsoft Corp. is set to become the most highly valued U.S. company ever, surpassing the record market capitalization set by long-time leader Apple Inc. Microsoft’s stock MSFT, -0.32% has been on a roll this year, as it has ridden…

I have an 11-month term CD that started mid-year. When logging into my CD account there’s no 1099 available for last year. Should I pay taxes for two years?The representative at the bank claims that since my interest is paid at maturity, all tax income is due at that time.…

Chicago Federal Reserve President Austan Goolsbee on Friday declined to say when he thinks the central bank will cut interest rates, but he said reductions could be expected this year “if we continue to make surprising progress on inflation.” “We don’t want to commit ourselves before the job is done,”…

© Reuters. Reinsurance Group of America (NYSE:) has reported a robust performance for the fourth quarter of 2023, with adjusted operating earnings of $4.73 per share and $19.88 per share for the full year. The company’s adjusted operating return on equity (ROE) stood at an impressive 14.4% for the year,…

By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell over 2% on Thursday after unsubstantiated reports of a ceasefire between Israel and Hamas and after a power outage forced a large U.S. refinery to shut. A Qatari official told Reuters there was no ceasefire yet, but repeated that Hamas had…

Investing.com– Most Asian currencies weakened on Tuesday, while the dollar firmed as markets hunkered down before key U.S. inflation data that is widely expected to factor into the path of interest rates.  The inflation data comes after a chorus of Federal Reserve officials warned that the central bank was in…

By Patricia Zengerle and Makini Brice WASHINGTON (Reuters) – U.S. lawmakers expressed shock and outrage at the death of Russian opposition leader Alexei Navalny on Friday, but the news looked unlikely to bridge deep divides over whether the United States should continue its military support for Ukraine. “There are some…

Block stock rose as much as 14% in extended trading Thursday after the payments company reported fourth-quarter earnings that beat analyst estimates on gross profit and showed strong growth in its Square and Cash App revenue.Here’s how the company did, compared to an analyst consensus from LSEG, formerly Refinitiv:Earnings per…

Shares of Volvo Cars dipped on Friday, after the company said it would dilute its stake in electric vehicle maker Polestar by distributing 62.7% of its holdings to its shareholders.The move would “enable Volvo Cars to concentrate its resources on the next phase of its transformation,” the company said in…

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. Nvidia has named Huawei a top competitor in a number of areas, including in the crucial production of processors that power artificial intelligence…