Business

Fed raises key interest rate by 0.25 points, slowing pace of hikes

The Federal Reserve enacted its smallest interest rate hike in nearly a year on Wednesday — but signaled it expects “ongoing increases” in...

FedEx to cut 10% of senior jobs as part of larger staff reduction

FedEx on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad cost-reduction effort that has reduced staffing...

Porsche dealership’s gaffe puts $148K Panamera up for sale for just $18,000

Talk about sticker shock. A Porsche dealership in China was swamped with buyers after it advertised a 2023 Panamera for a jaw-dropping $18,000. The...

Gawker shutting down again, company BDG lays off 8% of staff

Snark is dead — again! Gawker — the irreverent news and gossip website resurrected in 2021 after being forced out of business when...

Tom Brady’s business empire faces FTX drama after NFL retirement

Tom Brady could face a bumpy retirement when it comes to finances, as the NFL legend struggles to disentangle his budding business empire...

Dow falls as traders await Fed’s rate-hike decision

Stock indexes fell on Wednesday ahead of the Federal Reserve’s decision on interest rates later in the day, while an upbeat outlook from...

Subway co-founder left half of company to family-run charity

A charity started by the late co-founder of Subway restaurants said that it will inherit a 50% stake in the multibillion-dollar sandwich chain...

Universal Studios’ new Mario Kart ride ripped for rules restricting plus-sized visitors

Super Nintendo World made a splashy debut at Universal Studios Hollywood this month with its soft opening, and gamers and tourists alike raced to see...

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dYdX (DYDX) up 15% as Trading Volume Doubles, Here’s Why

Decentralized exchange platform dYdX (DYDX) is seeing a major price rejuvenation today as it is up 15.23% at the...

Fed raises key interest rate by 0.25 points, slowing pace of hikes

The Federal Reserve enacted its smallest interest rate hike in nearly a year on Wednesday — but signaled...

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