Fed minutes expose deep divide over interest-rate outlook

The Iran War, tariffs and the demand-driven AI-investment boon could add up to create inflationary conditions where Federal Reserve policymakers would need to consider interest-rate hikes later this year. But not just yet.  According to the minutes of the June Federal Open Market Committee meeting, policymakers at the central bank were concerned about high inflation

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T-Mobile faces backlash over new customer support restriction

T-Mobile is facing backlash for revoking a privilege that customers used when chatting with customer support representatives in the T-Life app.  The change comes as the carrier has been making customers increasingly reliant on the app to handle account changes in recent months. For example, in October, T-Mobile began requiring customers to use its T-Life

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IBM’s latest Wall Street call hides bigger shift

International Business Machines (IBM) has spent years trying to convince investors that it deserves a new label. For Wall Street, IBM long looked like a legacy hardware and consulting company with limited upside. As IBM shifts deeper into higher-margin software, AI infrastructure, and free cash flow, it becomes increasingly difficult to justify that perspective. Bank

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Charles Schwab, Fidelity alert workers to forced 401(k), IRA rule

As Americans look to secure their financial futures, they are smartly looking to maximize their wealth for retirement, capitalizing on every available tax-advantaged account to build a robust nest egg. For decades, older workers have relied on special provisions to accelerate their savings during their peak earning years. Financial industry giants Fidelity Investments and Charles

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GLP-1 weight-loss drug popularity reaches new heights with Americans

It’s been about five years since the U.S. Food and Drug Administration approved Wegovy for chronic weight management, but semaglutide, the active ingredient in Ozempic and similar drugs, goes back much further. Semaglutide was first synthesized in 2008 after scientists found that saliva extracted from Gila monsters contained a peptide that stimulated insulin release, similar

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