Video platform Rumble rallies on $775 million investment from an influential — and oft-scrutinized — crypto giant
The stablecoin firm plans to buy more than 103 million shares of Rumble.
Party City to close all of its stores, report says
A sign in a Party City store in Miami, Florida, on Jan. 18, 2023. Joe Raedle | Getty Images Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CEO Barry Litwin told corporate employees in a meeting viewed by CNN […]
The Mega Millions jackpot is nearing $1 billion — but that’s not the only reason lottery sales could see a holiday spike
Christmas also fuels one form of lottery playing in particular.
FDA approves Eli Lilly’s weight loss drug Zepbound for sleep apnea
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty Images The Food and Drug Administration on Friday approved Eli Lilly‘s blockbuster weight loss drug Zepbound for treating patients with the most common sleep-related breathing disorder, expanding […]
Banner year for fixed-income funds leaves TCW and Western Asset behind
A few flagship bond funds from some big-name Southern California-based firms saw outflows of more than $10 billion each this year through November, according to Morningstar Direct.
What a government shutdown could mean for air travel
A lone traveler makes his way past a nearly deserted TSA security screening area at Orlando International Airport ahead of the arrival of Hurricane Milton, on October 9, 2024 in Orlando, Florida. Paul Hennessy | Anadolu | Getty Images A government shutdown is looming just as the peak holiday travel season gets underway. Lawmakers have […]
Fintechs are 2024’s biggest gainers among financials
Jason Wilk Source: Jason Wilk Jason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm. It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los […]
Forget the 4% rule. Consider this new magic number for retirement withdrawals instead.
The economy and your own spending should drive what you take out of your retirement investments, new research says.
Starbucks workers strike in LA, Chicago and Seattle ahead of Christmas
Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Victor J. Blue | Bloomberg | Getty Images Starbucks baristas in some locations are planning to strike through Christmas Eve, starting with cafes in Los Angeles, Chicago and Seattle on […]
The Fed’s rate cuts were supposed to make borrowing cheaper. So why is it harder than ever to buy a house?
The Federal Reserve’s interest-rate cuts have done little to help home buyers and sellers.
