Business

Google parent Alphabet said it would buy back $70 billion worth of shares and increase its dividend by 5% as it reported first-quarter earnings above Wall Street expectations on Thursday.Shares jumped 4% in extended trading, adding about $75 billion to the company's market value.Alphabet beat quarterly revenue estimates, benefiting from steady growth in its digital advertising business, which helped offset muted growth at its cloud computing unit.3M BEATS FIRST-QUARTER ESTIMATES, […]

Thu, 24 Apr 2025 16:08:18 -0400[image][Stock Table]Stocks extended gains for the third-straight trading session on Thursday.The Dow Jones Industrial Average was up 486.83 points, or 1.23%, while the S&P 500 and Nasdaq Composite climbed 2.03% and 2.74%, respectively.The major indexes opened mixed on Thursday after China said there are no ongoing talks with the U.S. on tariffs.Ministry of Commerce spokesman He Yadong said on Thursday that "Any claims about the […]

President Donald Trump's cryptocurrency meme coin surged on Wednesday after a post on a website promoting it announced that the leading holders would get access to a private dinner with the president next month.The $TRUMP meme coin rose more than 60% on Wednesday after the post announced "the most EXCLUSIVE INVITATION in the world" promised the top 220 buyers a private gala dinner with the president on May 22 at Trump National […]

Saks Fifth Avenue will permanently shut the doors of its Union Square location in San Francisco on May 10. The luxury retailer joins a long list of brands that have closed their San Francisco locations.In July 2024, the store announced it would be moving to an appointment-only model, meaning those looking to browse freely would have to go elsewhere. The brand has also implemented this policy at its Fifth Avenue […]

Robotaxis are closer to becoming a reality, after Tesla launched a full self-driving (FSD) supervised ride-hailing service in Austin, Texas, and the San Francisco Bay Area "for an early set of employees."The announcement was made on Wednesday on X.  "We've completed over 1.5k trips & 15k miles of driving," the social media post said. "This service helps us develop & validate FSD networks, the mobile app, vehicle allocation, mission control […]

Mortgage rates slipped this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell slightly to 6.81% from last week's reading of 6.83%.The average rate on a 30-year loan was 7.17% a year ago."Over the last couple of months, the 30-year fixed-rate mortgage has fluctuated less than 20 basis points, and this stability […]

U.S. existing home sales fell more than expected in March, weighed down by higher borrowing costs, and further weakness is likely as growing concerns of an economic slowdown because of tariffs sap demand.Home sales dropped 5.9% last month to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors (NAR) said Thursday. Economists polled by Reuters had forecast home resales declining to a rate of 4.13 […]

A new report from the Federal Reserve showed that U.S. businesses are reporting increased costs due to tariffs, which they expect to largely pass on to consumers in the form of higher prices.The Federal Reserve on Wednesday released its latest edition of the Beige Book, which summarizes economic conditions in each of the Fed's 12 regional districts and is published eight times a year. Uncertainty over international trade policy is "pervasive" […]

Capital One CEO Richard Fairbank on Tuesday shared his perspective on how American consumers are holding up during the financial institution’s quarterly earnings call.He was asked by an analyst about how Capital One views the state of the American consumer in light of concerns in the market surrounding the Trump administration’s tariffs. Fairbank said the U.S. consumer "remains a source of strength in the economy," adding that was "true for almost […]