Dow surges nearly 500 points after Fed hints at rate cut
Wall Street stocks wavered before soaring higher on Wednesday as the Federal Reserve left its key interest rate unchanged, as expected, but indicated that the next move on rates will probably...
UnitedHealth CEO defends insurer after major hack, reveals amount of ransom paid as senators question firm’s size
UnitedHealth’s problems are not a threat to the broader economy, the largest US health insurer’s CEO told a Senate panel on Wednesday after senators questioned whether...
BlackRock looks to make monthly paychecks part of 401(k) employee retirement plans
BlackRock is reportedly looking to shake up employer retirement plans by returning a portion of employees’ savings through fixed monthly payments. Dubbed the LifePath Paycheck,...
Feds probing financial transactions at Jack Dorsey’s Square, Cash App: report
US prosecutors are examining financial transactions at Jack Dorsey’s Block, NBC News reported Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors...
Job openings drop to 3-year low of 8.5M as fewer workers quit
US jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that...
Phone scams swindled Baby Boomers out of $3.4B in 2023: FBI
Baby Boomers were scammed out of more than $3.4 billion in 2023 by fraudsters who phone the aging victims with bogus offers of tech support...
Court rules that Perrier is soda, not French mineral water — and therefore taxable
Perrier, which has been marketed as French mineral water for more than a century, is actually soda — and can therefore be taxed, a Pennsylvania...
Starbucks shares sink 12% after chain said it will underperform in 2024
Starbucks shares plunged 15% in early trading Wednesday after the Seattle-based java giant reported weaker-than-expected quarterly earnings and warned that its cafes will continue to...
Elon Musk’s move to disband Tesla EV charging team blindsides car industry
Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to...
New restaurants ready to make noise in Hamptons, locals try to silence Zero Bond
New restaurants are ready to swing open their doors in the Hamptons this summer – even as the East End’s notorious noise police look to...