Business news
- Here are the five big takeaways from Wednesday's Fed rate decision - The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.
- Oracle's stock slides 7% on revenue miss even as AI backlog soars - Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
- Divided Fed approves third rate cut, sees slower pace ahead - The Federal Reserve on Wednesday released its interest rate decision.
- U.S. seizes oil tanker off the coast of Venezuela: Report - EnergyU.S. seizes oil tanker off the coast of Venezuela: ReportPublished Wed, Dec 10 20251:55 PM ESTUpdated Moments AgoWATCH LIVEA Venezuelan flag in La Guaira,
- Swiss government says new 15% U.S. tariff ceiling retroactive to mid-November - Switzerland agreed to reduce tariffs on imports from the United States of fish, seafood, and some agricultural products under a trade deal announced last month.
- Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
- Rivian turns to AI, autonomy to woo investors as EV sales stall - Rivian is under pressure to deliver future growth potential for investors and expand its customer base amid slowing sales of electric vehicles.
- ‘Greetings, earthlings’: Nvidia-backed Starcloud trains first AI model in space as orbital data center race heats up - The company's Starcloud-1 satellite is running Gemma, an open model from Google, marking the first time in history that an LLM has been trained in outer space.
- Trump to start final Fed chair interviews beginning with Kevin Warsh - President Donald Trump will begin the final interviews of candidates for the Federal Reserve chair this week, putting back on track the formal selection process that began this summer.
- Refinance demand for FHA loans jumps 24%, as homeowners seek the most savings they can - Current homeowners are turning to government FHA loans, which offer lower interest rates, to find savings, as conventional rates turn higher.