The Federal Reserve is expected to pause hiking interest rates at the conclusion of Wednesday’s meeting marking the end to 10 straight increases which have driven borrowing costs above 5% squeezing consumers and creating headwinds for the economy. Despite the pause, Americans are unlikely to see any relief according to…

Even though about 75% of financial professionals say workers should invest bonuses in their 401(k) plans, only 17% of employees do so, according to a recent survey by Empower.  Nonetheless, bonus amounts vary widely. When asked how much they received in bonus payments, 36% of respondents said less than $500,…

Disruptions at West Coast ports, particularly the major California hubs at the Ports of Long Beach and Los Angeles, and ongoing labor negotiations have raised concerns about supply chain woes hitting the U.S. economy during the peak shipping season. The U.S. Chamber of Commerce, the largest trade group representing American…

Market Movers rounded up the best reactions from investors and analysts on Oracle . The experts, including Jim Cramer , discussed the tech name after the stock hit a new all-time high during Tuesday’s session. Oracle posted earnings beats in its fiscal fourth-quarter financial results Monday. The company’s top source…

Saudi Arabia sees China as a key partner in a multipolar world — with the two countries expected to only come closer as their common interests grow, Saudi Minister of Investment Khalid Al-Falih told CNBC.”This is, in a way, a multipolar global order that has emerged — it’s not emerging.…

Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. The operation was devised on the eve of the arraignment. The judge presiding over the Miami federal courtroom in which former President Donald Trump…

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US House Financial Services Committee Chair Patrick T. McHenry plans to hold a vote on a bill that would regulate digital assets by mid July.The draft legislation in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as a security or a commodity and regulate exchanges among other…

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Investment Thesis Meta Platforms’s (NASDAQ:META) bet on the metaverse has obtained greater credibility now that Apple, the largest technology company in the world, came out with its mixed-reality headset. The introduction of the Apple Vision Pro made clear that the direction we are going is more and more the one…