PODCAST: Robinhood Now Offers Retirement Accounts
The online broker Robinhood, popular among younger investors, has begun offering traditional and Roth individual retirement accounts. WSJ “Heard on the Street” columnist Telis Demos
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Federal Reserve raises US interest rates to highest level in 22 years – The Financial Times
The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday to the highest level in 22 years as
ECB to Hike Interest Rates Again With Finish Line in View – Bloomberg
The European Central Bank is set to lift interest rates by another quarter-point as investors ponder if this could be the final salvo in officials’
Meta Sees Ad Business Rebound but Warns of Higher Spending in Metaverse – WSJ
Facebook parent Meta Platforms META 1.39% reported its highest quarterly sales growth since 2021 as digital advertising continued to rebound, but the company also signaled
Shopping for a home? There’s a lot working against you right now – CNN
So many things are working against would-be home buyers this summer. The housing market remains stuck, with sales pushed lower by a lack of both
Next-generation Googles run a tighter ship – The Economist
Mark Zuckerberg dubbed 2023 Meta’s “year of efficiency”, corporate-speak for admitting that his social-media empire was bloated. Since November Meta has cut 21,000 jobs, or
Europe’s Monetary Over-Tightening Trap
Monetary policymakers, particularly in Europe, seem to have concluded that the risks of doing too little to tighten monetary conditions are too high, and it
The World Tied $3.5 Trillion-Plus of Debt to Inflation. The Costs Are Now Adding Up – WSJ
Governments and companies around the world spent decades loading up on trillions of dollars of debt whose interest costs rise and fall alongside inflation. But
The Fed has paused before. Here’s what happened next – CNN
The Federal Reserve is at a crucial fork in the road after leaving interest rates unchanged at its June meeting for the first time since
Microsoft and Alphabet’s core businesses resilient as they brace for AI costs – The Financial Times
Microsoft and Alphabet, Google’s parent, reported greater resilience than expected in their core businesses in the second quarter, helping to underpin Big Tech’s recent stock