The Fed's latest rate cut highlights internal division and ongoing tension between inflation concerns and signs of economic slowdown, especially in the labor market. Meta (META) reported strong earnings but faced investor skepticism over rising R&D and CapEx, contrasting with more disciplined spending at Alphabet (GOOGL) and Microsoft (MSFT).

All the optimism flowing through financial markets helped knock down the price of gold. The metal’s price has stalled after it nearly touched $4,400 per ounce last week, when it set its latest record. It’s dropped back toward $4,000, but it’s still up more than 50% for the year so far.

The rally in the stock market on Wednesday morning has put the Dow Jones Industrial Average on pace to finish above 48,000 for the first time on record. Wednesday marks just three trading days since the Dow's last 1,

The Oracle of Omaha's retirement at the end of this year isn't the biggest concern for Berkshire Hathaway shareholders.

DealBook founder and Squawk Box co-host Andrew Ross Sorkin takes a look at the crash of 1929 in his new book. He tells 60 Minutes what may it may indicate about today's stock market.

The 47-year-old Goldman Sachs alum said the Uganda-born lawmaker’s plans could make housing even less affordable.

Amazon led the way and jumped 9.6%. The retail giant was by far the strongest force lifting the market after reporting profit for the latest quarter that blew past analysts’ expectations. CEO Andy Jassy said growth for its booming cloud-computing business has accelerated to a pace it hasn’t seen since 2022.

Meta’s spending is hard to rationalize, some analysts say, as it’s uncertain whether heavy investments into the metaverse will generate compelling returns.