While the move to "average inflation targeting" is in a respect historic for the Fed, market participants remain largely skeptical that the central bank can achieve its newly defined goal.

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Some of the biggest technology stocks have suffered double-digit losses so far this month as investors rotated out of high-flying market leaders.

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The decline continues a trend of the last three years, reversing a flurry of mergers and acquisitions by Chinese conglomerates in the U.S. that included purchases such as the Waldorf Astoria in New York.

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The newly created lender, which will keep the CaixaBank brand, will have assets of more than 664 billion euros, the companies said.

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RiverFront Investment Group's Kevin Nicholson believes companies will refocus on right-sizing their workforces in 2021.

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See which stocks are posting big moves after the bell.

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In the early 1970s, students in the computer science department at Carnegie Mellon University grew tired of running down to the department’s basement only to find the soda machine empty.

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Critics of the IPO process say that's capital that could have otherwise been invested by Snowflake in the business. 

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The sell-off in Big Tech resumed Thursday, dragging down the broader market.

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Stocks dropped on Thursday as technology stocks declined, along with plays related to a successful coronavirus vaccine rollout.

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Check out the companies making headlines in midday trading.

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Herman Miller reported fiscal first quarter earnings per share of $1.24, blowing past the earnings of 26 cents per share expected by Wall Street, according to Refinitiv.

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Wildfires, driven by climate change, are raging across the Western United States crushing local economies. It's a wakeup call for the Trump administration.

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Tonal raises $110 million from Amazon Alexa Fund, Steph Curry and others, after seeing surging demand for its at-home strength training machines during the pandemic. 

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Grenke said it has convened a task force to deal with the detailed rebuttal of the accusations.

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