Category: Companies

Jan. 11, 2024 10:56 am ET It matters that inflation is lower now than it was a year ago. It also matters that people’s inflation expectations are moving lower. The Labor Department on Thursday reported that consumer prices rose a seasonally adjusted 0.3% in December from November, putting them up 3.4% from a year earlier. […]

Jan. 11, 2024 10:35 am ET The stock market has a new, but familiar, monarch. Microsoft’s AI-powered stock rally has made the software giant the largest U.S. company by market value, surpassing Apple for the first time since November 2021. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link

After a decade and a half of seeing the U.S. economy pull ahead thanks to its outsize technology sector, European politicians are desperate to fight back in emerging industries such as green energy. One challenge they face is that America also keeps pulling ahead in the business of financing the investments required. On Thursday, Luxembourg […]

Blackstone is promoting two senior executives to the newly created roles of co-chief investment officers as the firm adjusts to life as a trillion-dollar asset manager.  In their new roles, Ken Caplan and Lionel Assant will coordinate investments across the entire firm, which now encompasses everything from private-equity to real-estate and hedge-fund investing, executives said.  […]

Grayscale Bitcoin Trust could retain investor money despite its higher fee. Source link

Hewlett Packard Enterprise doesn’t exactly qualify as “big tech” anymore. That might not matter as the corporate-tech half of the once mighty HP empire tries to curry support for its biggest move ever.  The company now commonly known as HPE announced its $14 billion acquisition of Juniper Networks late Tuesday, confirming an earlier report from […]

Families could finally catch a break on one of the biggest bills they may pay each month: the rent. The sting of rent inflation hit tenants hard the past two years, due in part to record demand and not enough supply. The surge in monthly rent for a primary residence peaked in March 2023 at […]

Regulators have given the green light to the first U.S. exchange-traded funds that directly hold bitcoin. Crypto enthusiasts hope the new funds—backed by asset managers such as BlackRock and Fidelity Investments—will draw more mainstream investors into bitcoin. In many ways, the new ETFs are similar to the gold ETFs that emerged in the early 2000s […]

Citigroup recorded a litany of one-time charges and expenses in the fourth quarter related to its exposures to Argentina’s debt market, Russia’s political instability and the bank’s own restructuring plan. Citi said Wednesday in a regulatory filing that it set aside $1.3 billion in reserves to account for risks in Argentina and Russia. The recent […]

A ruling Wednesday clears the way for the first U.S. exchange-traded funds that hold bitcoin to be sold to the public. The decision by the Securities and Exchange Commission will allow mainstream investors to buy and sell bitcoin as easily as stocks and mutual funds. Expectations of U.S. regulatory approval for such funds drove the […]