Top Fed official warns jumbo rate cut is declaring victory over inflation too soon
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the US economy a soft landing.
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the US economy a soft landing.
Jason Ader was sued last month by his 81-year-old mom after he defaulted on a $13 million mortgage he took out in 2016 against his late father's swanky New York townhouse.
Musk's lawyers called sanctions "drastic" and unnecessary, saying his testimony has already been rescheduled.
Intel shares have plummeted in recent months as it cut jobs, suspended its dividend and faced a high-profile board member resignation.
The FTC sued UnitedHealth Group's Optum unit, CVS Caremark and Cigna's Express Scripts for allegedly steering diabetes patients towards higher priced insulin.
Beth Rooney, port director of the Port Authority of New York and New Jersey, said the busiest port on the Eastern seaboard is anticipating a shutdown.
Analysts had warned that supply chain constraints could leave potential buyers of the Mate XT empty-handed and others questioned its high cost amid a sluggish economy.
In an email to The Post this week, a Boar's Head spokesperson said, “We do not currently have any plans to reopen this plant.”
House Republicans said the Environmental Protection Agency's final regulation would effectively push gas-powered vehicles out of the US marketplace.
For the week, Nike stock is up more than 8% following the Oregon-based company's announcement on Thursday that John Donahoe was stepping down as CEO.
Three Mile Island — the infamous site of America’s worst nuclear disaster — is gearing up for a comeback, and tech giant Microsoft is first in line to tap into its energy.
The pullback in support is a sharp turnaround from 2021, when US companies and money managers launched a slew of environmental initiatives.
JPMorgan Chase ( JPM ) chief Jamie Dimon thinks the Federal Reserve’s first interest rate cut in over four years was “a minor kind of thing.” Read more...
Federal Trade Commission (FTC) Chair Lina Khan’s aggressive stance on antitrust has been widely criticized by corporate America. But it’s also won her support from Congressional Democrats, and even some Republicans. Read more...
The UK operations of the construction group ISG collapsed into administration on Friday.
Regulators said that without the warning light, a vehicle may be driven with low brake fluid, which can reduce braking performance and increase the risk of a crash.
In a big shakeup, Nike is set to change its CEO , a move that has sparked both optimism and skepticism from Wall Street. Read more...
Ozempic maker Novo Nordisk ( NVO ) announced mixed results today for a phase 2 trial of an experimental weight loss pill that works differently than its already-popular weight loss drug Wegovy. Read more...
Toast identified Delaware as the 'best' state for tipping
The 1979 accident at Three Mile Island had cast a shadow on nuclear power in the US for decades.
Christopher Josephs, the Los Angeles-based co-founder of Autopilot, said thousands of people downloaded his trading app over the weekend.
Former President Donald Trump’s Silicon Valley backers don’t really support his bid for the White House, according to Mark Cuban — they just think they can control him. Read more...
Microsoft ( MSFT ) and the energy firm Constellation ( CEG ) have signed a 20-year deal to supply power to the tech giant, including reopening one of the nuclear reactors on Three Mile Island. Read more...
After SpaceX was hit with a proposed fine by federal regulators , Elon Musk is complaining that they should be focused on Boeing ( BA ) and leave his company alone. Read more...
Apple’s ( AAPL ) latest lineup of iPhones hit stores on Friday, but it’s notably missing one of its key selling points that the tech giant is hoping will convince users to upgrade their older models. Read more...
People around the world watched a whopping 94 billion hours of Netflix during the first half of the year, according to a new report from the streaming giant. Four of the top 10 most-watched titles this year came from the U.K. — including season three of Bridgerton and the
Higher spending on public services and benefits led to a rise in government borrowing, figures show.
The pagers that exploded had labels pointing to a Taiwanese firm - but it denied making the devices.
In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees - about 10% of its workforce.
Artificial intelligence is being developed to help organise holidays, but is it any good?
Some economists have linked a drop in consumer confidence to officials' warnings of a painful Budget.