A $48 billion valuation and more than $2 billion in fresh venture capital would normally signal that investors have completely lost the plot. Cognition AI, the startup behind the autonomous coding agent Devin, closed its Read more…
Obamacare, formally known as the Affordable Care Act (ACA), has been in the Republican crosshairs since it was signed into law in March 2010. President Donald Trump made defeating the government-run healthcare exchange one of Read more…
Roughly 70 million Americans hold a 401(k), the Investment Company Institute reported, and most check the balance without thinking about who else is competing for the same pool of investment capital. The federal government is Read more…
After Jackson Hole, Fed’s Warsh faces another big test. Investors are split whether the Fed will hike. But BoJ seems poised to raise rates by 25bps. BoE to stand pat, UK data to take centre Read more…
Risky assets came under pressure this week as energy prices kept creeping higher and the ECB surprised the markets with a hawkish tone. The price of Brent crude touched USD 110 per barrel on Thursday Read more…
University of Michigan Consumer Sentiment fell from 51.7 to 47.8 in September, well below the 51.0 consensus and marking a second consecutive monthly decline. The deterioration was concentrated in expectations: Consumer Expectations dropped from 51.5 Read more…
SpaceX (SPCX) has already convinced investors that rockets can be a serious business. Now it has to prove they can behave more like airplanes. Pivotal Research Group analyst Jeffrey Wlodarczak initiated coverage of Elon Musk’s Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal It’s easy for the kitchen counter Read more…
The Consumer Price Index (CPI) rose by 0.4% month-on-month (m/m) in August, meeting the Bloomberg consensus. On a twelve-month basis, CPI held at 3.4%. Energy costs rose by 2.1% m/m, led by a 3.9% m/m Read more…
Markets The August US CPI inflation report temporarily lifted Fed rate hike bets for next week above 90%. Minutes after the release, two 25 bps rate hikes were fully discounted by year-end. Markets are trading Read more…