Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress
EconomyU.S. EconomyOfficials voted unanimously to increase their benchmark short-term rate by a quarter percentage point Source link
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Unemployment Falls to 3.4%, Lowest in 53 Years, Jobs Report Shows
EconomyU.S. EconomyU.S. added 517,000 jobs in January, snapping five-month string of slowing employment growth 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...
Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply
Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies...
U.S. Flight Disruptions Mount After FAA Grounding Order Ends
Updated Jan. 11, 2023 7:56 pm ETListen to article(2 minutes)An outage with a federal pilot-alert system cascaded into a nationwide...
Tech Industry Reversal Intensifies With New Rounds of Layoffs
TechCompanies that grew rapidly during pandemic are now reducing spending and staffing, sometimes repeatedly Source link
Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Employers added 223,000 jobs in December, the smallest gain in two years Source link
Tesla Stock Fell 65% in 2022, Its Biggest-Ever Annual Decline
Tesla Inc. closed the worst year in the stock’s history, having lost more than $700 billion in market valuation amid...
Big Nonprofit Hospitals Expand in Wealthier Areas, Shun Poorer Ones
Many of the nation’s largest nonprofit hospital systems, which give aid to poorer communities to earn tax breaks, have been...
U.S. Inflation Eased in November, CPI Report Shows
U.S. inflation eased significantly to 7.1% in November, its slowest pace since the end of 2021, the Labor Department said...
Taylor Swift Tickets: How Many Might Be Left?
Dec. 10, 2022 10:00 am ETListen to article(1 minute)When historic demand for presale tickets to Taylor Swift‘s next tour overwhelmed...
U.S. Opens First Auctions for California Offshore Wind Rights
BusinessProjects, which would bring floating wind turbines to West Coast, face challenges due to deep waters off California’s coast Source...
Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of...
They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire
NASSAU, Bahamas—Sam Bankman-Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and...
NASA Presses Toward Early Morning Artemis I Launch
The agency scrubbed two earlier tries due to technical challenges and had to plan around hurricanes. Source link
Facebook Parent Meta Announces Layoffs of 11,000 Staff
TechLayoffs are the first broad head-count reduction to occur in the company’s history Source link
Economic Pressures Weigh on Voters in Final Midterms Campaign Stretch
Sean Belveal, a 44-year-old assistant high-school principal in suburban Cleveland who voted for President Biden, thinks his middle-class family shouldn’t...
Elon Musk Twitter Deal Completed, CEO and CFO Immediately Fired
Elon Musk fired several Twitter Inc. executives after completing his takeover of the company, according to people familiar with the...
September Jobs Report Shows Payrolls Grew by 263,000, Labor Market Cooled Some
The unemployment rate fell to 3.5% from 3.7% in August, the Labor Department said Friday, matching a half-century low that...
Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
The decision Wednesday—unanimously supported by the Fed’s 12-member rate-setting committee—will lift its benchmark federal-funds rate to a range between 3%...
