Month: March 2025
Money market funds have grown to a record $7 trillion. Here are the biggest ones and the yields they’re paying
Americans are flocking to cash amid the market turmoil, with money market fund assets hitting a record $7.03 trillion as of the week ended Wednesday, according to the Investment Company Institute . Markets have been rocky of late as investors grapple with uncertainty around President Donald Trump’s tariffs and their impact on the economy. “Recent […]
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Powell says Fed is awaiting ‘greater clarity’ on Trump policies before making next move on rates
Key Points Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see how President Donald Trump’s aggressive policy actions play out before it moves again on interest rates. “We do not need to be in a hurry, and are well positioned to wait for greater clarity,” the central bank chief […]
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Apple delays Siri AI improvements to 2026
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty Images When unveiling Apple Intelligence last summer, one of Apple’s flashiest demos showed the Siri voice assistant juggling several apps to help a user plan a lunch […]
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U.S. cancels $400 million in grants, contracts to Columbia University over Gaza protests
Students protest against the war in Gaza on the anniversary of the Hamas attack on Israel at Columbia University in New York, New York, on Monday, Oct. 7, 2024. Victor J. Blue | The Washington Post | Getty Images U.S. President Donald Trump’s administration has canceled grants and contracts totaling $400 million to Columbia University in New York […]
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Stocks making the biggest moves midday: Costco, Tesla, Broadcom, Gap, Samsara and more
Check out the companies making headlines in midday trading: Costco — Shares shed nearly 7% after the retail giant’s earnings for the second quarter missed Wall Street estimates. Costco reported earnings of $4.02 per share for the period, below the $4.11 per share that analysts surveyed by LSEG were expecting. Second-quarter revenue, however, topped estimates. […]
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Broadcom shares rise as AI growth powers strong guidance
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares rose about 6% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand. The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per […]
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Sen. Blumenthal asks Visa for records of its payments deal with Elon Musk’s X
Senator Richard Blumenthal, D-CT, speaks during a Senate Judiciary Committee hearing on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC, March 2, 2021. Graeme Jennings | Pool via Reuters Sen. Richard Blumenthal this week pressed Visa for detailed plans and documents related to its deal to provide […]
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Palantir delivers first two AI-enabled systems to U.S. Army
A Palantir Technologies TITAN, Tactical Intelligence Targeting Access Node, for military defense field intelligence deployment, is displayed at the companys booth during the Consumer Electronics Show (CES) in Las Vegas, Nevada on Jan. 5, 2023. Patrick T. Fallon | AFP | Getty Images Palantir is rolling out its first two artificial intelligence-enabled systems to the […]
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Trump threatens to impose ‘large scale’ sanctions on Russia until a peace agreement with Ukraine is reached
US President Donald Trump speaks as he prepares to sign executive orders in the Oval Office of the White House in Washington, DC on March 6, 2025. Mandel Ngan | AFP | Getty Images WASHINGTON — After weeks of distancing the U.S. from Ukraine, President Donald Trump on Friday threatened to impose expanded “large scale” sanctions and […]
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Passive investing movement gets its Hollywood moment
watch now VIDEO14:1914:19 Dimensional’s David Booth and filmmaker Errol Morris on investing documentary ‘Tune Out the Noise’ News Videos A new documentary titled “Tune Out The Noise” brings together some of the academic heavyweights whose work reshaped the financial industry and helped lower costs for all investors. The film, made by Academy Award-winning documentarian Errol […]
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