Boston Fed president favors holding rates steady to cool inflation
Federal Reserve Bank of Boston President Susan Collins said she favored holding interest rates steady amid still-strong growth that could slow or stall progress on cooling inflation.
“It will likely be appropriate to keep policy rates at the current level for some time to balance the inflation and employment risks in this highly uncertain environment,” Collins said Wednesday in prepared remarks for the bank’s annual regional banking conference.
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Read More5 Best Investments for the Upper Class To Make Before 2026
Wealthy investors who bet heavily on the stock markets in 2025 have had a very good year so far.
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Read MoreCongress faces mass retirement wave, with nearly 1 in 10 lawmakers skipping re-election
WASHINGTON — Congress is experiencing a mass retirement wave, with House lawmakers bolting for the exits at a higher clip than they have in at least the past decade amid pressure on older members to step aside.
Thus far, there have been 37 reps and eight senators — roughly 9.6% of congressional lawmakers up for re-election in both chambers — passing on defending their seat in the 2026 midterms,
Read MoreTrump wants to give you $2,000 dividends from tariff revenue. Here’s what complicates his plan
President Donald Trump unveiled a new proposal to pay Americans at least $2,000 in dividends from his global tariff policies, which experts say caused havoc on the U.S. economy and American businesses.
On Truth Social, Trump defended his tariffs, calling critics of the tax on foreign imports “FOOLS.” The president has imposed duties on goods from countries like China,
Read MoreThe Ultimate Guide to Investing in the Vanguard S&P 500 ETF for Maximum Returns
It’s possible to build life-changing wealth with an S&P 500 ETF. Here’s how.
The S&P 500 (^GSPC +0.06%) is a wealth-building machine, and it has the potential to turn small monthly contributions into hundreds of thousands of dollars or more with enough time.
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Read MoreThe Burst
Why This Might Still Be a Long-Term Winner
Leonardo DRS is one of those under-the-radar defense companies powering some of the most advanced military systems in the world. From sensors and tactical computing to ruggedized networking gear and combat vehicles, DRS builds much of the U.S. military’s digital backbone.
Shares are up more than 20% over the past year but have slipped nearly double digits since Q3 earnings.
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Read MoreThe Ivy
Is PayPal About to Stage an AI-Powered Comeback
Shares of PayPal haven’t joined the tech sector’s rally. While the S&P 500 has climbed, PayPal has slipped about 15% over the past year. But a new partnership with OpenAI and strong underlying fundamentals could mark the start of a rebound.
Key Points
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PayPal’s integration into ChatGPT positions it as the default payment option for AI-powered shopping—an early lead in conversational commerce.
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Read MoreThe Spotlight
Meta Looked Impressive Until You Read the Fine Print
Meta Platforms just reminded us that building the future of AI doesn’t come cheap.
After a strong third-quarter report, the stock tumbled more than 12% as management unveiled spending plans that even long-term investors found hard to digest.
At first glance, everything looked stellar. Revenue jumped 26% year over year to $51.2 billion,
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