The Federal Reserve increased the federal funds rate by 25 basis points Wednesday, further increasing how much you’ll likely pay on mortgages, auto financing, credit cards and loans. With its eighth consecutive hike, the federal funds rate — which influences the interest rates banks charge — has been raised to …
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Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Facebook-owner Meta will be permitted to buy Within Unlimited, the maker of virtual reality fitness app Supernatural, Bloomberg, …
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Alaskan oil extraction site. Lowell Georgia | Getty Images The Biden administration on Wednesday recommended a scaled-down version of a major oil drilling project in the North Slope of Alaska, taking a step toward approving the $8 billion Willow plan that climate groups have long condemned. The Interior Department’s Bureau …
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The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication it is nearing the end of this hiking cycle. Aligning with market expectations, the rate-setting Federal Open Market Committee boosted the federal funds rate by 0.25 percentage point. That takes it to …
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Netflix’s plan to stop users from sharing their passwords with each other is starting to take shape. The streaming giant, which last month announced that it will soon begin the preliminary rollout of its strategy, has updated its FAQs page with some details about what users can expect. The main …
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Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Electric truck maker Rivian Automotive said it is laying off 6% of its workforce …
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andresr | E+ | Getty Images More than 50 million workers quit their jobs in 2022, according to federal data, breaking a record set the year prior and demonstrating the resilience of a hot labor market characterized by ample job opportunity. The trend of workers voluntarily leaving their jobs began …
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U.S. Rep. James Comer (R-KY), Chairman of the House Oversight and Accountability Committee, speaks at a media event at the National Press Club on January 30, 2023 in Washington, DC. Kevin Dietsch | Getty Images House Oversight Committee Chairman Rep. James Comer, R-Ky., effusively praised Twitter owner Elon Musk Wednesday …
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Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Meta reports fourth-quarter earnings on Wednesday as the company tries to reverse a slide that pushed the stock …
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Raj Subramaniam, FedEx Corporation, speaks at the U.S. Chamber of Commerce Aviation Summit in Washington, D.C. on March 5, 2020. Kristoffer Tripplaar | Sipa via AP Images FedEx is cutting more than 10% of its officers and directors, CEO Raj Subramaniam announced on Wednesday, as the company slashes corporate jobs …
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