A former eBay Inc. executive pleaded guilty Thursday to participating in a scheme to terrorize the creators of an online newsletter that included the delivery of live spiders and other disturbing items to their home. David Harville, eBay’s former director of global resiliency, is the final onetime eBay employee charged… Read More
Senate confirms Powell to Fed again amid inflation
The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series… Read More
Crypto slump: Coinbase loses half its value in a week
Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales… Read More
Inflation slowly eases from 40-year record
Inflation eased slightly in April after months of relentless increases but remains near a four-decade high, imposing a continuing financial strain on American households. Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday. That was below the 8.5% year-over-year surge in March, which was the… Read More
Elon Musk commits to un-banning Trump, but questions linger
On Tuesday, Elon Musk said he would reverse Twitter’s ban of former President Donald Trump, who was booted in January 2021 for inciting violence at the U.S. Capitol, should he succeed in acquiring the social platform for $44 billion. But the day before, the Tesla CEO also said he agrees… Read More
Baby formula shortage grows dire amid FDA recall
Parents across the U.S. are scrambling to find baby formula because supply disruptions and a massive safety recall have swept many leading brands off store shelves. Months of spot shortages at pharmacies and supermarkets have been exacerbated by the recall at Abbott, which was forced to shutter its largest U.S…. Read More
Recession fears grow as Biden economy stalls
Inflation remains at a 40-year high. Stock prices are sinking. The Federal Reserve is making loans more costly. And the economy slightly shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one?… Read More
Elon Musk warns he may be killed
Tesla CEO Elon Musk has laid out some bold, if still vague, plans for transforming Twitter into a place of “maximum fun” now that he’s bought the social media platform for $44 billion and taken it private. It’s unlike Musk thought that process would involve vague death threats from the… Read More
Stocks fall again amid international woes
Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising interest rates. The S&P 500 was 2.1% lower in afternoon trading after coming off its fifth straight losing week, its… Read More
China sees trade weaken amid virus restrictions
China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks. Exports rose 3.7% over a year earlier to $273.6 billion, down sharply from March’s 15.7% growth, customs data showed… Read More
- ‹ Previous Page
- 1
- …
- 194
- 195
- 196
- 197
- 198
- …
- 337
- Next Page ›