Breaking News
Business
New benchmark Fed slashes interest rates by half a percentage point in bid to curb inflation without causing recession
Wall Street investors had bet that the central bank would opt for a jumbo interest rate cut over a quarter-point cut.
More in Business
Fed chair blames influx of illegal migrants for rising unemployment rate
“If you’re having millions of people come into the labor force, then — and you’re creating 100,000 jobs -- you’re going to see unemployment go up,” Powell said, answering a...
When will Americans feel relief from the Fed's interest rate cuts?
The half percentage point decrease – which sat at the top end of economists’ expectations and is the first cut since 2020 – should provide some quick relief to consumers...
Dow surges — then tumbles after Federal Reserve slashes rates for first time in four years
Market expectations for the size of the rate cut had been volatile in recent days.
'Joe Rogan' guest who ripped FDA sees mail-order pharmacy caught up in embarrassing recall
“It’s a serious error to mislabel a pharmaceutical in this way and it suggests that they have lax processes and procedures in place,” said a former acting commissioner of the...
JPMorgan taps senior banker to focus on 'well-being and success' after BofA employee's death
Wall Street has grappled with workload concerns among junior staff for years.
23andMe board resigns in feud over CEO's plan to take company private
The board resignations followed CEO Anne Wojcicki’s latest proposal to take the company private.
Boeing to furlough tens of thousands of US executives after 30K workers strike
Ortberg also said he and other Boeing leaders "will take a commensurate pay reduction for the duration of the strike."
Ex-Vanity Fair editor's highbrow news site Air Mail up for sale: report
The outlet, which covers topics like style and living, culture and news, hired boutique investment bank Raine Group to reportedly explore a sale.
Snapchat reserves right to put AI-generated images of users' faces in 'My Selfie' ads
Snapchat users have complained of seeing their likeness in ads after the images were put through an AI-powered generator in the "My Selfies" tool.
Elon Musk's Neuralink brain chip receives FDA's 'breakthrough device' status -- and could help blind people see again
Elon Musk’s brain chip firm Neuralink has received “breakthrough device” status for an implant aimed at helping blind patients regain their sight, the firm announced Wednesday.
Billionaire hedge funder John Paulson says he'll yank his money from market if Kamala Harris wins election
The future of the American stock market and economy relies on the winner of the Nov. 5 general election, the 64-year-old investor insisted.
Tupperware files for bankruptcy as its colorful containers lose relevance
The company's struggles resumed after a short-lived pandemic boost, when increased home cooking briefly drove demand for its colorful, airtight plastic containers.
Sam's Club boosting pay for 100K frontline workers, 'potential to earn thousands' in annual bonuses
Sam's Club, the membership-only?warehouse owned by Walmart,?is boosting pay for roughly 100,000 frontline workers.
Famed NYC French bistro La Ripaille bids adieu after more than four decades: ‘Time to pass the torch’
Leo DiCaprio, Anne Hathaway and Sylvester Stallone, soccer legend Pelé and?baseball great Derek Jeter, pop star Madonna and author Salmon Rushdie have all at one time squeezed into the quaint?restaurant.
Snap unveils $1,200 high-tech glasses that will let you alter reality in bid to win tech race
Snap partnered with chipmaker Qualcomm and OpenAI's ChatGPT to create the AR Spectacles, which allow users to place digital images and filters onto the real world through the lenses.
Justice Department probing banks for alleged collusion in $36B Archegos liquidation: report
Federal investigators in San Francisco are looking into whether Credit Suisse, Nomura Holdings and UBS Group conspired with one another.
Billionaire Steve Cohen steps away from trading for Point72 hedge fund: report
Cohen?was managing a small portfolio of Point72's $35.2 billion in assets.
ABC's David Muir sees newscast ratings tank after his controversial debate moderating
While it’s unclear if Trump supporters have tuned out ABC’s newscast on the heels of the debate, the former president has blasted it as "one-sided."
NY Times tech union's bizarre demands to avert strike include four-day work week, ban on scents in break rooms
Tech union workers have threatened to go on strike on Election Day in its long-running labor dispute.
Amazon employees irate after CEO announces mandatory return-to-office policy: 'Take my money and leave?'
The return-to-office mandate is a sharp change from its current hybrid policy, which requires employees to work from the office at least three days a week.?