Stay informed with the latest finance news and economic updates. Fresh insights on markets, money trends, and financial events that matter to you.
The U.S. Department of Energy (DOE) has terminated more than 300 funding awards worth almost $8 billion, halting a broad slate of clean-energy and grid-modernization projects in 16 states that supported Democratic presidential nominee Kamala Harris in the 2024 election. The cancellations were disclosed on Wednesday, the first day of the current federal government shutdown. […]
Fair Isaac Corporation, the company behind the widely used FICO credit score, has introduced a new licensing structure that allows mortgage lenders to obtain scores directly, bypassing traditional credit bureaus. The announcement, issued on Thursday, sent Fair Isaac shares up more than 20%, marking the stock’s largest single-day percentage gain since November 22. Direct distribution […]
Shares of South Korea’s two largest memory manufacturers climbed sharply on Thursday after both companies were named strategic partners in OpenAI’s newly announced Stargate initiative. The collaboration is designed to secure a steady supply of advanced memory devices and expand data-center capacity in South Korea, a move investors interpreted as a long-term revenue catalyst for […]
Asia-Pacific equity markets opened Wednesday with uneven moves, mirroring cautious sentiment after fresh records on Wall Street and looming uncertainty over U.S. federal funding. Mixed opening across the region Japan’s benchmark Nikkei 225 fell 1.05% at the start of trading, while the broader Topix slipped 1.52%. The retreat followed the Bank of Japan’s third-quarter Tankan […]
Online marketplace Etsy will shift its common stock listing from Nasdaq to the New York Stock Exchange, marking the company’s first change of trading venue since its 2015 initial public offering. The move, announced on Monday, is scheduled to take effect when the opening bell rings on October 13. Trading on Nasdaq is expected to cease […]
Financial coach George Kamel outlined 11 specific milestones that, in his view, demonstrate meaningful progress toward long-term prosperity. Presented in a recent YouTube video, the checklist ranges from simple habit changes to broader goals such as eliminating debt and establishing a solid emergency cushion. Majority of Americans report stability, but gaps remain The release of […]
Apple began global sales of the iPhone 17 lineup on Friday, drawing sizeable crowds in key cities and marking the company’s most extensive product rollout of 2025. The launch includes four handsets—the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max and the ultra-thin iPhone Air—along with updated Apple Watch and AirPods models. Strong first-day […]
Japanese e-commerce conglomerate Rakuten Group is evaluating an initial public offering in the United States for Rakuten Card Co., one of Japan’s largest credit-card issuers, according to two people familiar with the discussions. Early-stage review follows rival’s listing plans The review started in September and remains preliminary, the sources said. A potential IPO is one […]
The prospect of small-scale nuclear energy on military bases triggered a sharp rally in several publicly traded developers on Wednesday. The moves followed the U.S. Army’s decision to initiate the Janus Program, an effort to install commercially operated microreactors that can supply power to domestic installations by the end of the decade. Key players gain […]
Wells Fargo & Company has almost doubled its asset base through the integration of Wachovia, consolidating its position as one of the largest diversified financial institutions in the United States. The San Francisco-based bank now operates thousands of branches nationwide and manages a sizable network of financial advisors that serve retail, commercial and investment clients. […]
Alibaba Group has led a fresh funding round of roughly $100 million for X Square Robot, a Shenzhen-based developer of humanoid machines. The investment, arranged through Alibaba Cloud, lifts the startup’s total financing to about $280 million since its launch in December 2023. Capital targets embodied AI and wider sales network Chief Operating Officer Yang […]
The average interest rate on a home equity line of credit (HELOC) remains below 9%, and several lenders are promoting short-term introductory rates that start near 4%. These offers give homeowners a way to tap equity without refinancing their primary mortgage, which typically carries a lower fixed rate locked in before 2022. Average pricing and […]