The largest generational wealth transfer in human history is upon us, but I don't think anyone is ready. Baby Boomers, the generation of people born between 1944 and 1964, are expected to transfer $30 trillion in wealth to the younger generations over the next few years.

Jan 12, 2024 09:00 AM EST

December's increase in total U.S. inflation was mostly driven by rising energy and housing costs, suggesting that the Federal Reserve's efforts to bring inflation down to its target of 2% will probably not be easy.

Jan 12, 2024 01:38 AM EST

Coinbase's position in the cryptocurrency market is about to shift dramatically now that the SEC has allowed the launch of bitcoin exchange-traded funds.

Jan 11, 2024 09:40 AM EST

The first bitcoin-holding exchange traded funds were grudgingly authorized by the Securities and Exchange Commission on Wednesday. The SEC stated that it remains extremely cautious of cryptocurrencies and that it "did not approve or endorse bitcoin" in its ruling.

Jan 10, 2024 10:43 PM EST

The Securities and Exchange Commission declared on Tuesday that the agency's account was hacked and that a post made from the agency's account on the social media site X announcing the approval of a much-anticipated bitcoin exchange-traded fund was "unauthorized."

Jan 10, 2024 09:33 AM EST

The global economy is expected to slow down in 2024 for the third year as a result of factors like growing interest rates, persistent inflation, dwindling trade, and a faltering China.

Jan 09, 2024 09:56 PM EST

On Monday, semiconductor stocks markedly recovered after a challenging start to the year.

Jan 09, 2024 10:40 AM EST

According to a new Fannie Mae study, more Americans than ever before believe that mortgage rates will drop this year. December had a more positive attitude than November, with 31% of consumers expressing the idea that borrowing prices for house loans will fall over the following 12 months.

Jan 09, 2024 09:33 AM EST

According to a source familiar with the negotiations, Hewlett Packard Enterprise is in talks to acquire Juniper Networks , valuing the network gear manufacturer at around $13 billion.

Jan 09, 2024 04:40 AM EST

Peter Oppenheimer, Head of Macro Research at Goldman Sachs in Europe, says artificial intelligence and decarbonization are driving the world economy into a new "super cycle" and stressed the evident shift towards this revolutionary stage of the economy.

Jan 09, 2024 04:03 AM EST

According to a US administration official, President Joe Biden will issue a final regulation as early as this week that would make it harder for businesses to designate people as independent contractors rather than employees, who usually cost a business more.

Jan 08, 2024 07:56 PM EST

Monday saw a little decline in US stock futures but Treasuries remained stable as traders adjusted their wagers following last week's selloff. A barrel of Brent oil dropped below $77.

Jan 08, 2024 11:50 AM EST

It seems that the aviation industry's incredible rise from the pandemic's lowest points is coming to an end. A thorough examination of many data reveals a tendency toward stabilization in multiple important indicators, indicating the end of fast expansion and the beginning of a new routine.

Jan 08, 2024 11:30 AM EST

The COVID-19 pandemic's labor wounds were largely healed by the end of the U.S. economy last year, but policymakers at the Federal Reserve are still stuck waiting for wage and job growth to slow down to a reasonable level.

Jan 08, 2024 10:28 AM EST

The Securities and Exchange Commission is presently reviewing 13 spot Bitcoin (CRYPTO: BTC) ETFs before approving them.

Jan 08, 2024 06:44 AM EST