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[ad_1] The Fed’s dissenters are laying out their case for cutting interest rates. This week, Jerome Powell and the central bank opted to keep rates unchanged, but there was a rare double dissent from two Fed officials. It was the first time two governors had dissented in 30 years. Powell, for his part, has continued to insist that the Fed is still “a ways away from seeing where things settle down,” regarding President Donald Trump’s tariffs and the impact on inflation. Yet, two members of the Federal Open Market Committee disagreed, and on Friday, they each released statements unpacking their…

[ad_1] 2025-08-01T14:41:03Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Being a Nintendo fan keeps getting more expensive. The company’s latest round of price hikes impact the original Nintendo Switch game consoles and some Switch 2 accessories. Tariff-related costs are the likely culprit — with Nintendo citing “market conditions” in its Friday announcement. Mario is asking for more…

[ad_1] The once-dependable 60/40 portfolio has had a rough few years, but that doesn’t necessarily mean investors should count it out. The allocation of 60% stocks and 40% bonds typically provides less upside than an all-stock portfolio, but is expected to experience less of a decline during a market downturn. However, a recent analysis by Morningstar of 60/40 performance over the last century and a half found that in recent years it has done just the opposite. The bond and stock markets both tanked in 2022, for example. While equities recovered to their previous highs in September 2024, the bond…

[ad_1] ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year.  The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itself to the punch as investors clamber to get onto its cap table…

[ad_1] Autonomous weapons, decentralized strategy, and startup speed — this isn’t the future of defense, it’s the now. At TechCrunch Disrupt 2025, Ethan Thornton, CEO and founder of Mach Industries, steps onto the AI Stage to talk about how next-gen defense is being built from the ground up with AI at its core. Inside the AI arms race — and the founder aiming to rewrite it Ethan Thornton isn’t your typical defense industry leader. As the CEO and founder of Mach Industries, he launched the company out of MIT in 2023 with a bold mission: to build decentralized, next-generation defense…

[ad_1] Investors might capture upside and limit risk by focusing on companies reporting earnings next week with a history of beating Wall Street expectations. The first full week of August is another busy one for second-quarter earnings, with 122 companies in the S & P 500 — or nearly a quarter of the benchmark — slated to share results. Disney and McDonald’s are among the headliners, with restaurant, travel, pharmaceutical and energy stocks dominating. Second-quarter earnings have been coming in strong so far. Of the 298 companies in the S & P 500 that have already reported, about 82% have…

[ad_1] AI storage platform Vast Data is in talks with Alphabet’s venture arm CapitalG and existing backer Nvidia to raise a fresh round that could value the startup at up to $30 billion, Reuters reported, citing two sources. TechCrunch reported last month that Vast Data was working to raise funds at a $25 billion valuation.  The round could close in the next few weeks, per Reuters, which would make New York-based Vast Data — last valued at $9.1 billion in 2023 — one of the most valuable tech companies.  Vast Data develops storage technology that claims to enable efficiency in…

[ad_1] There’s a new AI feud brewing. Two of the industry’s biggest bosses clearly don’t see eye to eye, and they’ve volleyed criticisms at each other in interviews.In June, Nvidia CEO Jensen Huang said that he disagreed with “almost everything” Anthropic CEO Dario Amodei said. Now, Amodei has fired back with criticism of his own.On the “Big Technology” podcast, host Alex Kantrowitz brought up Huang’s past statements, characterizing the Nvidia CEO as saying Amodei “thinks he’s the only one who can build this safely,” and thus “wants to control the entire industry.””I’ve never said anything like that,” Amodei said. “That’s…

[ad_1] Here are Friday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight The firm raised its price target on the stock to $240 per share from $235 following earnings. “This was Apple’s strongest quarterly report/guide in 2+ years, with outperformance broad-based across Product/Services and regions.” Read more. Bernstein reiterates Coinbase as outperform Bernstein said Coinbase remains extremely well positioned following Thursday’s earnings report. “We expect increased upward market volatility and broadening of trading interest in blockchain assets such as ETH [Ethereum], SOL [Solana] and long tail of financial tokens, driven by strong market structural shift around stablecoins…

[ad_1] Boeing’s turnaround is gaining altitude, according to Bank of America. In a Friday note, the bank reiterated its buy rating on the aerospace and defense stock and raised its price objective to $270 per share from $260. The new forecast implies shares can rise 21% from Thursday’s close. Boeing’s second-quarter results , released on Tuesday, showed that the company raked in revenue of $22.75 billion, topping expectations. Its adjusted loss of $1.24 per share was also less than forecast. Boeing delivered 150 airplanes in the second quarter, its most since 2018. This was a bright spot for analysts who…