Business

Robinhood Hits College Campuses, Where Credit Card Companies Fear to Tread

Robinhood, the free stock-trading app with 21 million active users and counting, is about to hit the road for a college coffeehouse tour to drum up new customers. Now where have we heard this one before? Ah, yes, the credit card industry. The campus antics that the card companies got up to two decades ago […]

Technology

Apple’s iOS 15 has a fall-prevention feature everyone should use

Wearable devices are good at detecting if you’ve fallen down, but now it’s possible to figure out if your walking is unsteady, well before you take a tumble. Apple’s latest iPhone operating system, iOS 15, takes the walking metrics previously rolled out in the Health app—walking asymmetry, double support time, step length and walking speed—and […]

Stranger Things 4 Teaser Trailer Introduces the Creel House

The Sandman Netflix Series First Look Is Mind-Bending, Character Posters Unveiled

Technology

Money Heist Season 5 ‘Volume 2’ First Look Teases a Fiery Goodbye

Money Heist season 5 “Volume 2” is still over two months away, but on Saturday at the online-only TUDUM event, star Álvaro Morte — he plays The Professor — gave us a first look at the final five episodes of the hit Spanish series (known as La casa de papel to Spanish-speaking viewers). It doesn’t […]

TUDUM Netflix Trailers, First Looks, and the Biggest Announcements

TUDUM Netflix India Round-Up: Little Things, Aranyak, Khufiya, Finding Anamika, and More

Economy

Federal Reserve statement September 2021 what changed

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 28. Text removed from the July statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]

Economy

Federal Reserve holds interest rates steady, sees bond-buying taper ‘soon’

The Federal Reserve on Wednesday held benchmark interest rates near zero but indicated that rate hikes could be coming sooner than expected, and it significantly cut its economic outlook for this year. Along with those largely expected moves, officials on the policymaking Federal Open Market Committee indicated they will start pulling back on some of […]

Economy

Costco, Nike and FedEx are warning there’s more inflation set to hit consumers as holidays approach

A worker wearing a protective mask removes rotisserie chicken from skewers inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Shipping bottlenecks that have led to rising freight costs are cooking up a holiday headache for U.S. retailers. Costco this week joined the […]

Economy

Retail sales post surprise gain as consumers show strength despite delta fears

Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. A separate economic report showed that weekly jobless claims increased to 332,000 […]

Economy

The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying

After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic. The Fed will release a policy statement along with the economic and interest rate forecasts it issues quarterly at […]

Economy

Stronger mortgage demand points to September surge in home sales

A sales center sign in front of a new residential community in Lithonia, Georgia, April 26, 2021. Elijah Nouvelage | Bloomberg | Getty Images After a Labor Day week lull, demand for mortgages rose sharply last week from homeowners and homebuyers. Total mortgage application volume was up nearly 5% for the week, according to the […]

Economy

Jamie Dimon warns it’s possible the Fed could be forced into a sharp move next year

JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon has warned investors that the Federal Reserve could still be forced into a sharp policy move next year — despite […]

Economy

Existing home sales fall 2% as first-time buyers are priced out

Sales of previously owned homes declined 2% in August from July to a seasonally adjusted annualized rate of 5.88 million units, according to the National Association of Realtors. Sales were 1.5% lower than August 2020 for the first annual decline. Sales however are still above pre-pandemic levels. These numbers are a count of home closings […]