A record-breaking hack at Binance, the world's largest cryptocurrency exchange, is a reminder of the risks investors take when trusting a company to hold their digital tokens. Binance said Friday that the...
The effective corporate income tax rate is now the lowest it’s been in decades, and a tapering revenue source for the U.S. government is raising concerns among some policy experts. More than 700 profitable...
The week that wasThe US Dollar (USD) managed to regain some composure, ending the week with acceptable gains after surrendering some ground following earlier two-week highs.Indeed, the US Dollar Index (DXY),...
ShareMayer Brown’s Tax practice received three awards at the International Tax Review (ITR) Americas Tax Awards 2026, which recognize outstanding achievements by tax and transfer pricing professionals, firms...
The ACA Marketplace Open Enrollment season begins November 1, bringing higher out-of-pocket premium payments, new eligibility requirements for certain groups, and state efforts to offset premium increases following the expiration of enhanced premium tax credits. Read our analysis of what these and other changes could mean for enrollees.
Nearly 392,000 Minnesotans could lose their current Medicare Advantage coverage in 2027 as insurance companies discontinue plans or withdraw from portions of the state, according to information released by...
watch nowShares of Reddit cratered 30% Friday, headed for the worst day ever, after the company forecast weak fourth-quarter sales in its latest earnings report.The decline puts Reddit on track for its...
Facebook and Instagram icons are seen displayed on an iPhone.Jakub Porzycki | Nurphoto | Getty ImagesMeta Platforms has settled with a teen plaintiff who accused the company of designing Instagram and...
Polling is looking grim for Republicans ahead of the U.S. midterm elections on Nov. 3, 2026, due in large part to deep pessimism among the public about the economy. At first glance, this might seem...
NEW YORK/LONDON >> The yen was on track for a third consecutive daily gain today after the Bank of Japan left rates unchanged and upgraded its inflation outlook, while declining US Treasury yields weighed on the dollar.
The tech-heavy Nasdaq shed about 3 per cent by mid afternoon. In Canada, the S&P/TSX composite index was down about 2.3 per cent. Worries are rising about whether the hundreds of billions of dollars invested in AI will produce enough profit and productivity to make the investment worth it.
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U.S. oil giants raked in billions of dollars in profits in the third quarter as oil prices surged amid supply constraints caused by conflicts around the world, contributing to higher prices at the pump for...
WASHINGTON D.C (VINnews)— American households devoted nearly half of their total expenditures to housing and food in 2025, the largest combined share recorded in 15 years, according to Bureau of Labor Statistics data released this week. Join our WhatsApp group Subscribe to our Daily Roundup Email Housing accounted for 33.9% of average annual spending, the [...]
United Overseas Bank strategists Quek Ser Leang and Lee Sue maintain a negative stance on USD/CNH, noting that the pair has been edging lower and remains under downward pressure. Short-term projections see...
A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the...
Recent advances in artificial intelligence (AI) have shifted the tech landscape, minting a string of stock winners along the way. One of those is Sandisk (SNDK -14.05%). It's been less than a year since it...
The rate market continues taking cues from turmoil in the tech sector. That resulted in the lowest rates in more than a month today as tech stocks slide to their lowest levels since July. The biggest shift for the underlying bond market (bonds dictate rates) came just before 1pm on reports that Anthropic's post IPO credit rating was not likely to be investment grade. That matters because it means Anthropic would face higher borrowing costs. Given the company's key role in driving the AI buildout, there are two implications that helped bonds/rates today. First, higher borrowing costs mean lower potential debt issuance, and that issuance has been a key factor in pushing interest rates higher in 2026. Second, any headwinds for major AI companies suggest potential economic headwinds given the central role AI plays in the current economic growth cycle. In general, lower/slower economic growth is good for rates/bonds, all else equal. The average mortgage lender added modestly to yesterday's larger improvement, resulting in a top-tier 30yr fixed rate just under 7.30%. This is the lowest level since September 23rd, 2026.
A day after Alphabet lost $500 billion in market value due to a slowdown at Google, Reddit stock plunged 30% Friday after the company said its search traffic was “down meaningfully” in the third...
Jakub Porzycki | Nurphoto | Getty ImagesCrypto firms and law enforcement are racing to recover more than $6 billion worth of cryptocurrency stolen from Binance before hackers manage to hide the funds.The...