The Federal Reserve maintained its benchmark interest rate on Wednesday in a range of 5.25%-5.50%, the highest since 2001, and cautioned it won’t begin lowering interest rates until it sees further progress on inflation returning to its 2% target. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” the Fed said in its policy statement. Fed chair Jerome Powell at his Wednesday… Source link

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal mounts to roughly $30 billion. It’s unclear how he would… Source link

Marc Gasol announces retirement from basketball after 20-year career – Yahoo Sports Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Source link

Super Bowl 2024: Bettors continue to overwhelmingly back Chiefs to win – Yahoo Sports Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Source link

Image Credits: Google Google announced today that its new Circle to Search feature is rolling out globally on the Pixel 8, Pixel 8 Pro and the Samsung Galaxy S24 series. The new feature, which was unveiled earlier this month, lets users search from anywhere on their phone using gestures like circling, highlighting, scribbling or tapping. The tech giant believes the new feature aims to make it more natural to engage with Google Search whenever a questions pops into your head,… Source link

(Bloomberg) — Wall Street traders gearing up for the Federal Reserve decision scrambled to digest a selloff in big tech, the Treasury refunding plans and weaker-than-forecast data. Fresh concerns about regional lenders added to economic concerns that sent bond yields plunging, though banks pared losses as the session progressed. Most Read from Bloomberg The most-influential group in the S&P 500 got hammered on Wednesday after some of its biggest names failed to live up to high expectations… Source link

New York Community Bancorp (NYCB) played the role of rescuer during a 2023 regional banking crisis by purchasing some assets of the failed Signature Bank. Now it is experiencing some trouble of its own. The stock of the Hicksville, N.Y.-based lender fell 46% Wednesday after it reported a surprise net loss of $252 million for the fourth quarter and announced a suspension of its dividend. It recovered some of those losses by 11:30 a.m. ET, when it was down 34%, but it is still on track to post… Source link

Android users may have plenty to look forward to, with Google teasing radical new AI releases. But a new update warning has suddenly started hitting Samsung Galaxy devices, which is reportedly annoying users and raising serious questions on timing. Galaxy devices dpa/picture alliance via Getty Images While it’s Apple making headlines over its App Store changes in response to Europe’s DMA—including aping Android’s sideloading to some extent at least, it seems that Google is also… Source link

With Google updating its policy regarding crypto-related ads, BlackRock and VanEck have seized the opportunity to become the first asset managers to advertise Bitcoin spot ETFs.   The competition in the Bitcoin spot exchange-traded fund (ETF) market has continued to gain momentum as top asset managers roll out different initiatives to control a large percentage of the market.  BlackRock and VanEck Advertise Bitcoin ETF on Google In light of this, leading asset managers BlackRock and… Source link

Stocks have surged to record highs at the start of 2024. Inflation has moderated, the Federal Reserve looks set to cut interest rates, and the vaunted “soft landing” for the US economy is coming into view. The US economy and corporate America continue to prove resilient in the face of the Federal Reserve’s aggressive rate hikes. This optimism reflected in recent market action and the economic consensus serves as the central theme of the latest Yahoo Finance Chartbook, which brings together more… Source link