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Cleveland Fed President Hammack expects interest rates to stay on hold 'for a good while'

The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.

Snap's stock jumps on plans to axe 16% of its workforce citing AI efficiencies

Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies

Trump threatens to fire Powell if the Fed chair doesn't leave office on his own

Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.

Starbucks launches beta app in ChatGPT to fuel new drink discovery

Starbucks is trying to find ways to entice U.S. customers back to its cafes.

Top Energy Democrat probes Trump administration's preparations for Strait of Hormuz closure

The strait has been effectively closed since the U.S. launched a war with Iran, spiking energy prices and whipsawing markets.

Snap's stock jumps 9% on plans to axe 16% of its workforce citing AI efficiencies

Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies

United CEO had been considering a merger last fall, months before bringing it up to the Trump administration

United Airlines CEO Scott Kirby has said the next phase for U.S. carriers is figuring out how to better compete on a global stage.

Mortgage applications rise as rates fall to one-month low

Mortgage rates fell to the lowest level in a month, boosting refinance activity and offsetting weak demand from homebuyers.

Kalshi and Polymarket vie for Washington influence as Congress contemplates regulation

Prediction markets have boomed, inviting increased scrutiny from regulators and Congress.

Snap's stock jumps 11% on plans to axe 16% of its workforce citing AI efficiencies

Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies

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