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Fed Chair Powell is about to get grilled by Congress. Here’s what markets want to hear
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen…
Fed Chair Powell says there’s no rush to cut interest rates
The Federal Reserve is in no rush to cut interest rates, according to Fed Chair Jerome Powell’s written testimony submitted to…
As bitcoin hits record high, only two Congress members have bought crypto since 2021
The price of bitcoin traded at a record high of more than $69,000 on Tuesday, but one demographic that’s not cashing in on the historic crypto bull market are…
Starbucks is laying off thousands of workers in the Middle East in response to Gaza boycotts
Starbucks’ Middle East franchisee, Alshaya Group, is cutting thousands of jobs at its coffee shops because of a “challenging” work…
Nordstrom says shoppers are still cautious, but sees fewer discounts this year
Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain’s full-year sales forecasts spooked investors, as inflation-fatigued customers…
Elon Musk’s X must face copyright infringement suit by music publishers, federal judge says
A federal judge has allowed parts of a $250 million copyright lawsuit to proceed against Elon Musk’s X, handing the social media…
Ross Stores says that housing and food costs continue to pressure its customers
Ross Stores Inc. late Tuesday blew past expectations for its holiday quarter but spooked investors by saying that higher costs of living continue to pressure its…
OpenAI publishes Elon Musk’s emails. ‘We’re sad that it’s come to this’
OpenAI fired back at Elon Musk, who sued the ChatGPT company last week for chasing profit and diverging from its original, nonprofit…
CrowdStrike’s stock soars as earnings impress in face of cybersecurity jitters
CrowdStrike Holdings Inc. shares exploded 24% higher in Tuesday’s extended session after the cybersecurity company delivered an upbeat forecast on top of its…