Fed officials see smaller rate hikes coming ‘soon,’ minutes show

Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated. Reflecting statements that multiple officials have made over the past several weeks, the meeting summary pointed to smaller rate hikes coming. Markets widely expect…

IRS warns taxpayers about new $600 threshold for third-party payment reporting

Getty Images The IRS on Tuesday shared tips for the upcoming tax season — including a reminder about the new $600 threshold for receiving Form 1099-K for third-party payments. The change applies to payments from third-party networks, such as Venmo or PayPal, for transactions such as part-time work, side jobs or selling goods, according to…

Here’s why you may want to say ‘no’ to a store credit card offer this holiday shopping season

Prostock-studio | Istock | Getty Images In the rush at the store checkout this holiday season, you may be tempted to say yes when asked if you want to apply for a store credit card — especially if you’re offered extra savings on that day’s purchase. But there is good reason to think twice this…

Walmart employee killed 6 people at Virginia store before taking his own life, police say

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Law enforcement work the scene of a mass shooting at a Walmart, Wednesday, Nov. 23, 2022, in Chesapeake, Va. The store was busy just before the shooting Tuesday night with people stocking up ahead of the Thanksgiving holiday. Alex Brandon | AP A Walmart worker…

Shares of Indonesia’s GoTo fall 6% as nine-month loss swells

Motorcyclists travel past a billboard advertising GoTo’s initial public offering in Jakarta, Indonesia, on Friday, April 8, 2022. GoTo, formed through the merger of Gojek with e-commerce pioneer Tokopedia, raised $1.1 billion in one of the worlds biggest stock debuts this year and is slated to list in Jakarta April 11. Dimas Ardian | Bloomberg…

Citigroup faulted by U.S. banking regulators for poor data management in ‘living will’ review

In this article C Follow your favorite stocksCREATE FREE ACCOUNT CEO of Citigroup Jane Fraser testifies during a hearing before the House Committee on Financial Services at Rayburn House Office Building on Capitol Hill on September 21, 2022 in Washington, DC. Alex Wong | Getty Images Citigroup needs to address weaknesses in how it manages…

The ‘gold standard’ for holiday purchases has ‘a huge drawback,’ analyst says — but it may still be the best way to pay on Black Friday

Black Friday bargain hunters shop at a Walmart store in New Jersey on Nov. 26, 2021. Tayfun Coskun | Anadolu Agency | Getty Images More Americans are struggling financially just as the peak shopping season kicks into high gear. Yet shoppers will still shell out $1,455, on average, on holiday gifts — in line with…

Supreme Court agrees to hear Jack Daniel’s trademark case against dog toy company

Jack Daniel’s, Tennessee whisky. Newscast | Universal Images Group | Getty Images The Supreme Court has agreed to take up a trademark case centered around a squeaky dog toy that’s “43% Poo by Vol.” and “100% smelly.” The court on Monday agreed to hear the trademark dispute brought by whiskey maker Jack Daniel’s against VIP…

Singapore’s PropertyGuru slips back into the red with $5.3 million net loss for the third quarter

Private homes in the River Valley/Orchard area in Singapore. Returning Singaporeans and expatriates have driven rental demand in Singapore, according to PropertyGuru’s CFO. Lauryn Ishak | Bloomberg | Getty Images Singapore-based online property portal PropertyGuru posted a net loss of $7.4 million Singapore dollars ($5.3 million) for the quarter ended Sept. 30 — down from…

Credit Suisse projects $1.6 billion fourth-quarter loss as it embarks on strategy overhaul

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion) fourth-quarter loss as it undertakes a massive strategic overhaul. The embattled lender last month announced a raft of measures…

Here are Bill Gates’ 5 new book recommendations for your holiday reading list

This holiday season, billionaire Bill Gates is gifting you a list of five books to read while you’re hopefully enjoying some much-deserved downtime. Gates, a voracious reader who reads at least 50 books each year, regularly releases lists of the best books he’s read each year — alongside seasonal recommendations for holiday books and summer…