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Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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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Analysis

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...
Metaverse

Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for first time and sales guidance quells fears

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...

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