Eighth Circuit Invalidates Federal Reserve’s 21-Cent Debit Card Interchange Fee Cap, Holding That the Durbin Amendment Requires a Transaction-Specific Cost Analysis
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The Daily
Tech Stocks Rise a Third Day as Microsoft, Alphabet and Fed Converge
Technology shares extended their recent advance Wednesday as investors positioned ahead of one of the busiest afternoons of the earnings season. Microsoft and Alphabet are scheduled to report after the close, and the Federal Reserve is set to announce its rate decision at 2 p.m. ET. The central question hanging over all of it is whether AI-related revenue is growing fast enough to justify the enormous infrastructure budgets these companies are committing.
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The NFL Is Putting $192 Million Behind Flag Football. At 59, a Coach Could Earn Four Social Security Credits With $7,880
A 59-year-old coach sitting four Social Security credits short of qualifying for retirement benefits thinks he needs a full year of steady work to close the gap. The way Social Security actually counts credits could make this flag football season…
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Tesla Closed Up 4% at $407. Here’s What a SpaceX Merger Could Mean for Your Shares.
A possible Tesla and SpaceX combination has Elon Musk calling it a good idea, Wall Street assigning a 52% probability, and at least one prominent critic labeling it a rescue operation in disguise. Here is what each possible outcome does…
For anyone holding Tesla (NASDAQ:TSLA | TSLA Price Prediction),
Worried About a Bear Market? This Is the Single Best Investing Move You Can Make Right Now.
The stock market is always risky, and there’s always something to be worried about in the economy. But many investors are feeling anxious. In the past few weeks since hitting a new record high on Oct. 6, the S&P 500 (^GSPC +0.17%) is down about 2.5% as of this writing.
This 1 Word Might Be the Most Important Part of Warren Buffett's Legendary Advice to Investors
Warren Buffett's Successor, Greg Abel, Has 58.9% of Berkshire Hathaway's Portfolio Invested in Just 5 Stocks. Here's My Top Pick for November.
Greg Abel hasn’t been shy about putting his stamp on Berkshire Hathaway since taking over for Warren Buffett at the start of this year. He has sold off several of the company’s smaller positions, but remains concentrated at the top.
Despite the turnover, Berkshire’s top holdings remain mostly intact.
Federal Reserve likely to skip rate hike despite elevated inflation
By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — The Federal Reserve is expected to stand pat on interest rates Wednesday even though inflation has accelerated in the past couple of months as the Iran war has caused spikes in oil and gas prices.
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Tesla Just Reclaimed $400 as SpaceX Merger Hopes Build
Tesla crossed a price level it lost for months, and Wall Street is betting a SpaceX merger explains the move, but no deal has been signed and Tesla’s own profits keep shrinking.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) closed above $400 on October 27,
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