Breaking News: Investing
Reported global Microsoft outage leaves tens of thousands unable to access email and other apps
A Microsoft store in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images Tens of thousands of users were unable to access various Microsoft programs on Saturday afternoon. “We’re investigating an issue in which users may be unable to access Outlook features and services,” Microsoft 365 Status, the official […]
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Power stock at the center of the AI trade is fading as impatient investors await a data center deal
Investors are questioning the artificial intelligence trade that sent power stocks soaring last year, as the company viewed as best positioned to strike a data center deal still has not signed an agreement. Vistra Corp. was a darling of the S & P 500 in 2024, more than tripling in value to become one of […]
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Buy these top stock picks coming out of earnings, Morgan Stanley says
Morgan Stanley recently called out a few overweight-rated stocks that could have room to run after quarterly earnings. Companies like Robinhood are firing on all cylinders and are worth buying now, the firm’s analysts said. Other stocks include Toast , Cummins and Seagate Technology. Cummins Analyst Angel Castillo is standing by shares of top pick […]
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Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | Reuters The Consumer Financial Protection Bureau’s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees. In a trove of […]
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SEC says most meme coins are not securities
A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images The Securities and Exchange Commission issued guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law. Meme coins “typically have limited or no use or functionality” and are “more akin to collectibles,” according to the agency. […]
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Senators grill Trump’s CFPB director pick: You are ‘on the Titanic, good luck’
Jonathan McKernan, U.S. President Donald Trump’s nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters President Donald Trump’s pick to lead the […]
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Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images The Consumer Financial Protection Bureau’s new leadership on Thursday dismissed a trio of enforcement lawsuits […]
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Consumer Financial Protection Bureau drops lawsuits against Capital One and Rocket Mortgage affiliate
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images The Consumer Financial Protection Bureau’s new leadership on Thursday dismissed a trio of enforcement lawsuits […]
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Democrat senators question what Elon Musk plans to do with sensitive CFPB data
Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017. Tom Williams | CQ Roll Call | Getty Images Democrat lawmakers led by Massachusetts Sen. Elizabeth Warren on Tuesday held a forum pushing back against […]
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More traders turn bullish in first quarter even as market shows signs of fatigue, Schwab survey says
Traders work on the New York Stock Exchange (NYSE) floor on Feb. 20, 2025 in New York City. Spencer Platt | Getty Images An expensive stock market didn’t prevent traders from getting more bullish as investors increasingly bet that the bull run could keep chugging along, according to Charles Schwab’s new quarterly client survey. The […]
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