St. Louis Federal Reserve President James Bullard said Thursday the central bank still has a lot of work to do before it brings inflation under control. A voting member on the rate-setting Federal Open Market Committee, Bullard delivered remarks centered on a rules-based approach to policymaking. Using standards set by …

Alibaba broke tradition by not releasing total sales for its Singles’ Day shopping festival this year. Pictured here are advertisements for the festival in a Shanghai subway station on Nov. 10, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — China’s Covid controls disrupted Alibaba‘s ability to deliver packages, the …

The strike prep calendar for rail operators, customers, and logistics managers continues to be in flux with a lack of coordination between key rail unions leaving open the potential for two strike dates in December. BMWED, which represents the Brotherhood of Maintenance of Way Employees, is scheduled to strike on …

Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan Mcdermid | Reuters Global stock markets have rallied on hopes that central banks will soon begin to slow their aggressive interest rate hikes as inflation shows …

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during a Senate Agriculture, Nutrition and Forestry Committee hearing in Washington, D.C., on Wednesday, Feb. 9, 2022. Sarah Silbiger | Bloomberg | Getty Images Serious red flags around Sam Bankman-Fried’s FTX emerged before the now-embattled cryptocurrency exchange even …

The logo of FTX is seen on a flag at the entrance of the FTX Arena in Miami, Florida, November 12, 2022. Marco Bello | Reuters Corporate funds were used to purchase homes in the Bahamas and “personal items” in the name of employees and advisors of FTX, a bankruptcy …

Microsoft wants to create more competition among game publishers, CEO Satya Nadella says Microsoft CEO Satya Nadella says the American tech giant wants to create more competition among game publishers, as it faces an anticompetition probe over its $69 billion offer to buy Activision Blizzard. Activision Blizzard, the American game …

Walmart‘s stock surged this week. Target‘s shares plunged. The rival big-box players are both known for selling an array of products including food, clothing, home goods and kitchen appliances. Both their CEOs — Walmart’s Doug McMillon and Target’s Brian Cornell — stepped into their roles in 2014. But the retailers …

A possible spillover of the war in Ukraine into Europe’s eastern flank, which risks sparking a new phase of the conflict, will overshadow the agenda at this week’s APEC Summit in Bangkok. Nurphoto | Getty Images BANGKOK — A possible spillover of the war in Ukraine into Europe’s eastern flank, …

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