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The Fed would look ‘silly’ if it declares victory over inflation now, warns billionaire investor David Rubenstein

By Matt Egan, CNN Wall Street is betting the Federal Reserve will reverse course and begin slashing interest rates as soon as this summer. Billionaire David Rubenstein is warning that would be a mistake. “It’s premature to have rate cuts this summer,” Rubenstein, the co-founder and co-chairman of The Carlyle Group, told CNN on Monday.

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Twitter is adding calls and encrypted messaging

CNN By Hanna Ziady, CNN Twitter is adding encrypted messaging to the platform Wednesday, and calls will follow shortly, CEO Elon Musk tweeted late Tuesday. “Release of encrypted DMs [direct messages] V1.0 should happen tomorrow. This will grow in sophistication rapidly. The acid test is that I could not see your DMs even if there

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TurboTax is sending checks to 4.4 million customers as part of a $141 million settlement

By Jordan Valinsky, CNN Business Roughly 4.4 million people will soon receive checks from TurboTax, following a 50-state settlement with parent company Intuit for allegedly steering millions of low-income Americans away from free tax-filing services. Customers affected by the settlement will receive an email about the settlement and checks will automatically be mailed throughout this

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