DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees
Prosecutors alleged the founder of the failed cryptocurrency exchange contacted a potential witness in his criminal case. Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Why Lyft Is Headed for Its Own Recession
The ride-hailer’s fundamentals show its rebound is likely to stall as the new year progresses. Source link
Americans Are Gobbling Up Takeout Food. Restaurants Bet That Won’t Change.
McDonald’s Corp. has a new restaurant outside Fort Worth, Texas, with no tables or seats for customers and a conveyor...
The Decline of the Nice-to-Have Economy
Consumers are reining in their spending on pandemic-era luxuries and conveniences, just as investors are doing the same—putting startups in...
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices...
Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall
The tire maker is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming...
Consumer Spending Fell 0.2% in December as Inflation Cooled
EconomyU.S. EconomyUnderlying inflation cooled to its slowest pace since October 2021. Source link
Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines
Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer...
WSJ News Exclusive | BuzzFeed to Use ChatGPT Creator OpenAI to Help Create Quizzes and Other Content
WSJ News ExclusiveMedia & MarketingCEO Jonah Peretti intends for artificial intelligence to play a larger role in the company this...
Southwest Airlines Earnings Hit by $220 Million Loss After Holiday Meltdown
BusinessEarningsCustomer cancellations at biggest domestic airline spills into first quarter Source link
GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
U.S. economic growth cooled slightly to a 2.9% annual rate in the fourth quarter, capping a year of high inflation...
WSJ News Exclusive | FAA Suspends Access for Contract Personnel Involved in Flight Disruption
The agency says the suspension will remain during investigation of a pilot-alert system outage. Source link
DOT Probes Southwest Airlines Scheduling After Holiday-Travel Meltdown
BusinessSouthwest says it will cooperate with requests from government officials Source link
New York Attorney General Probing Madison Square Garden’s Use of Facial Recognition Technology
BusinessProbe related to company’s alleged use of the technology to bar certain ticket holders from its venues Source link
Surge in Hiring by Small Business Complicates Fed’s Effort to Cool Economy
EconomyU.S. EconomyCentral bankers point to labor market as a primary driver of high inflation Source link
Rupert Murdoch Withdraws Proposal to Merge Fox Corp. and News Corp
BusinessMedia & MarketingSpecial committees of the media companies’ boards had been reviewing Murdoch’s proposal Source link
Microsoft Earnings Fell Last Quarter Amid Economic Concerns
BusinessEarningsSoftware giant’s revenue growth slowed to a more than six-year low as demand for cloud services cooled Source link
Amazon Launches $5-a-Month Prescription Drug Plan in Further Healthcare Push
The new Prime membership benefit, dubbed RxPass, will offer unlimited access to commonly prescribed generic medications. Source link
WSJ News Exclusive | Ford in Talks to Sell German Plant to China’s BYD
WSJ News ExclusiveBusinessA deal would mark a big step overseas for China’s electric-car industry Source link
Twitter Headquarters Landlord Sues Elon Musk’s Company, Alleging Unpaid Rent
The suit joins the other legal battles between the social-media company and vendors since Elon Musk acquired the business last...
