The claim: Image depicts a 392-year-old shark Greenland sharks are the longest-living vertebrates, some of them centuries old, a 2016 study revealed. But an April 24 Facebook post about one shark is misleading users. “This is a 392 year old shark that was recently discovered in the Artic Ocean. This guy was wandering the oceans back in 1627,” reads the April 24 post. At […]

New York (CNN Business)President Joe Biden has a lot on his plate right now. But he’ll soon need to make an important decision about the future of the Federal Reserve — a choice that will help shape his administration’s economic policy in the coming years. Current Fed chair Jerome Powell’s four-year term as the head of the central bank ends […]

We often stress about the importance of financial literacy, such as gaining a strong understanding of how money works and having the resources to make informed decisions. But when it comes to establishing financial health, one thing most people fail to consider is their money personality type — or their approach and emotional responses to money. We each have our […]

Microsoft’s Q3 revenue hit $41.7 billion, up 19% from last year, thanks to high demand for its cloud services.  LinkedIn revenue increased by 25% and is predicted to grow further as the job market rebounds.  Demand for Xbox Series X and S consoles “significantly exceeded” demand, CFO Amy Hood said.  See more stories on Insider’s business page. Microsoft beat revenue […]

Spotify saw revenue grow 16% last quarter to €2.147 billion ($2.59 billion) fueled by a 46% jump in ad sales as podcast listening hit a high and monthly active users grew 24% to 356 million, including both free and paid. Premium subscribers increase 21%, as the company added nearly 4 million net new members to end the first three months […]

Mortgage application volume fell 2.5% last week from the previous week, according to the Mortgage Bankers Association. Mortgage applications to purchase a home fell 5% last week. Applications to refinance a home loan fell 1% for the week, despite the lowest interest rates since February. Lower mortgage rates are not prompting homeowners or potential homebuyers to contact their lenders, as […]

Yum Brands on Wednesday reported quarterly earnings that crushed analysts' expectations as U.S. consumers returned to its restaurants. Shares of the company rose less than 1% in premarket trading. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.07 adjusted vs. 87 cents expected Revenue: $1.49 billion vs. $1.45 […]