In a file photo Khalid Sheikh Mohammed, the alleged Sept. 11 mastermind, is seen shortly after his capture during a raid in Pakistan Saturday March 1, 2003, in this photo obtained by the Associated Press. AP Photo Accused 9/11 mastermind Khalid Sheikh Mohammad and two other men charged with plotting the Sept. 11, 2001, terror … Read more
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Justin Sullivan | Getty Images Shares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall Street’s expectations for the second quarter and disclosed … Read more
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024. Justin Sullivan | Getty Images Anne Wojcicki, CEO of 23andMe, has submitted a proposal to take the genetic testing company private as its stock price continues to hover below $1. Wojcicki said she was prepared to acquire all … Read more
After Donald Trump, the Republican nominee for president, gained the vocal support of a slice of the tech investing world, a large group of venture capitalists came together to back the other side. More than 100 VCs on Wednesday pledged their support to Vice President Kamala Harris, the de facto Democratic nominee, as she ramps … Read more
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Arm shares fell more than 13% in extended trading on Wednesday after the chip-architecture maker issued light earnings guidance for the current quarter and the full fiscal … Read more
Customer shopping for school supplies with employee restocking shelves, Target store, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Now, as the central bank sets the stage to lower interest rates for the first time in years when it meets again in September, consumers may see their borrowing costs … Read more
A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. Chesnot | Getty Images Meta’s ambitious plans to develop the metaverse is still costing the company billions of … Read more
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty Images Nvidia shares popped 13% Wednesday after remarks from top customer Microsoft and rival chipmaker AMD signaled there wouldn’t be a slowdown in the … Read more
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June. Text removed from the June 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 … Read more
WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts. Central bankers made no obvious indications, though, that a reduction is imminent, choosing to maintain language that indicates ongoing concerns about economic conditions, … Read more