The U.S. Federal Reserve announced it would begin tapering in November – and it remained true to its word. Now the country’s central bank has begun that process. But what exactly does tapering mean and how can its impact...
Billionaire investor Charlie Munger is not here for the current state of global financial markets. The 97-year-old is the vice-chair of Berkshire Hathaway and Warren Buffet’s closest confidante. He emphatically stated his position...
Meta Platforms Inc. faces a swathe of complaints in Europe for allegedly failing to get proper consent before collecting vast amounts of data about Facebook and Instagram users so it can target the ads they see.Eight consumer organizations...
Almost 6,000 Black workers from Tesla Inc.’s California factory can sue the car maker collectively over claims that it failed to protect them from racism, under a tentative ruling by a California judge.Alameda County Superior Court...
The Federal Reserve has taken action against its top officials following a series of scandals involving possible insider trading by banning senior staff and policymakers from owning individual stocks and bonds and restricting trading. The...
Bitcoin hit $55,499 on Wednesday, close to a five-month high as Tuesday’s rally continued, pushing the price of the top Cryptocurrency up 13 percent this week alone and 87 percent for the year. Bitcoin was trading at $54,613.27...
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Two years ago, Reddit users established themselves as a fearsome economic force when the subreddit community WallStreetBets mobilized to save GameStop’s stock price from pessimistic Wall Street traders. Now, Reddit itself is hoping...
How much your burger costs you might soon depend on when you’re hungry. In a recent earnings call, Wendy's, the second-largest fast food joint in the U.S., shared that it will soon begin piloting a “dynamic pricing” model, in...
LONDON — Financier and philanthropist Jacob Rothschild, of the renowned Rothschild banking dynasty, has died at 87, his family said Monday.Rothschild began his career in the family bank, NM Rothschild & Sons, in 1963, before...
AT&T will reimburse some customers after a major hours-long cellular and internet outage Thursday.The company said in a statement posted on its website that it will reach out to potentially impacted customers and automatically...
The data may show that Americans are losing billions of dollars to fraud each year, yet many consumers still believe they'd never fall for a scam. But scammers rely on certain psychological tactics that mean anyone could become a victim,...
The internet reacted in horror last week at the story of how a financial-advice columnist at The Cut lost $50,000 in a scam, but for many young adults, the tale may be uncomfortably familiar. While younger, digital savvy folks may...
(SEATTLE) — Boeing said Wednesday that the head of its 737 program is leaving the company in an executive shake-up weeks after a door panel blew out on a flight over Oregon, renewing questions about safety at the company.Boeing announced...
Collecting miles and loyalty points with American Airlines will soon become somewhat harder, with the carrier announcing on Tuesday changes to its AAdvantage rewards program that limit how customers can earn frequent-flyer points.“We...
Think, for a moment, about who you would call if you were having a bad day. If you’d screwed up a deal at work, or gotten into an argument with your spouse, or were feeling frustrated and sick of it all: Who would you want to talk...
NEW YORK — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as potentially shake up the payments industry, which...
First, Formula 1 got hot in the United States and beyond, thanks in large part to a Netflix series, Drive to Survive, that showcased the circuit’s personalities, rivalries, and some really fast cars. Then there’s the pickleball...
One overlooked aspect of the resignation of Harvard University President Claudine Gay in January is why Harvard’s 400-year-old governing corporation, comprised of titans of industry, academia, and government, appeared so caught off...
On- and offline, activists are urging consumers to boycott brands like Starbucks and McDonald’s over their perceived support for Israel’s ongoing military offensive in Gaza, which has killed at least 28,000 Palestinians to date....
“Why should I work for you? And what good are you doing for society?”When I graduated from university in 1992, I wouldn’t have dared to ask such questions at an interview, I was just happy to get a job! But today it is usually...
