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Finance
Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
Microsoft CEO Satya Nadella speaks during the company's Build developer conference in Seattle on May 21, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft and BlackRock are part of…
Trump Media shares sink more than 6% two days before merger ‘lockup’ period ends
Sopa Images | Lightrocket | Getty ImagesShares of Trump Media closed down 6.6% on Tuesday, ending the day at $16.14 a share. The dip came just 48 hours before "lockup" restrictions…
Point72’s Steve Cohen is stepping back from trading his own book
Steven Cohen, founder of Point72 and majority owner of the New York Mets, attends a news conference at Citi Field, the home stadium of MLB's New York Mets, in Queens, New York, on…
The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect
Federal Reserve Chairman Jerome Powell takes a question from a reporter during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin…
Frustrated millennials across the U.S. struggle to afford homes: ‘It’s just not a level playing field’
Kelcie Lesko and Tim Khalil remember the moment when they gave up on buying their first home.It was June 2023, when U.S. homebuyers were scrambling to beat out rising mortgage…
The Fed is preparing to cut interest rates. How to revamp your fixed income investments
If you were waiting for your cue to step out of high-yielding money market funds, the bell is about to ring. The Federal Reserve is widely expected to start cutting interest rates…
Planning to delay retirement may not rescue you from poor savings
Alistair Berg | Digitalvision | Getty ImagesPlanning to work longer is a popular escape hatch for Americans who feel they've saved too little to support themselves in old age.About…
Stocks making the biggest moves midday: Gannett, Accenture, Hewlett Packard and more
Check out the companies making headlines in midday trading: Hewlett Packard Enterprise — The tech hardware stock jumped 6% after Bank of America upgraded the stock to a buy rating…
SpaceX Starlink has 2,500 airplanes under contract after United megadeal, director says
A Starlink terminal installed on a Hawaiian Airlines aircraft.Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week's United…
FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
Tsingha25 | Istock | Getty ImagesThe Federal Deposit Insurance Corporation on Tuesday proposed a new rule forcing banks to keep detailed records for customers of fintech apps after…