Another Broadcom earnings report, another breathtaking stock reaction in response. Shares of the AI chipmaker are soaring almost 11% Friday, sending the stock to a fresh all-time high and putting its market capitalization north of $1.5 trillion. The monster move evokes what we saw from Broadcom back in December, when shares flew 24% in a…
President Donald Trump‘s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history. Taxpayers who itemize tax breaks can claim the SALT deduction, which includes state and…
The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% on Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It marks the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6%…
Kenvue Inc. Tylenol brand pain reliever for sale at a pharmacy in New York, US, on Wednesday, March 27, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kenvue fell more than 10% on Friday after a report that Health and Human Services Secretary Robert F. Kennedy Jr. will likely link autism to the use…
Meta CEO Mark Zuckerberg offered $100 million signing bonuses to top OpenAI employees. David Paul Morris | Bloomberg | Getty Images The artificial intelligence arms race is heating up, and as tech giants scramble to come out on top, they’re dangling millions of dollars in front of a small talent pool of specialists in what’s…
Former Federal Reserve Governor Adriana Kugler’s abrupt resignation from the board on Aug. 1 – and her unexplained absence at a key meeting two days earlier – left the financial community shocked and confused. Nominated by Democratic former President Joe Biden to fill a surprise vacancy on the Fed board and confirmed in 2023, Kugler’s…
Alphabet and Google CEO Sundar Pichai meets with Polish Prime Minister Donald Tusk at Google for Startups in Warsaw, Poland, on February 13, 2025. Klaudia Radecka | Nurphoto | Getty Images From the courtroom to the boardroom, it was a big week for tech investors. The resolution of Google’s antitrust case led to sharp rallies…
U.S. Federal Trade Commission Commissioner Rebecca Slaughter raised questions on Friday about the status of an artificial intelligence chatbot complaint against Snap that the agency referred to the Department of Justice earlier this year. In January, the FTC announced that it would refer a non-public complaint regarding allegations that Snap’s My AI chatbot posed potential…
CNBC’s Jim Cramer on Friday walked investors through next week on Wall Street, highlighting new economic data and the expected unveiling of Apple‘s latest iPhone. He also warned that September is usually a tough month for the market as a whole. “As we head into the next week, keep in mind that we’re stuck in…
Sen. Cynthia Lummis, R-Wyo., arrives in the Capitol for a vote on Wednesday, February 26, 2024. Bill Clark | Cq-roll Call, Inc. | Getty Images The Senate is still ironing out its version of regulatory oversight for crypto and digital assets, but it’s another step closer. Senators on Friday updated the draft of a major…
