House Oversight Committee Chair James Comer will lead the first major congressional hearing on Twitter since Republicans took control of the House.
Meta acquisition of Within reportedly approved by court in loss for FTC
The FTC sued to block Meta’s acquisition of Within in July, arguing Meta was using the deal “to buy its way to the top,” rather than compete on its own merits.
White House likely to tap Brainard, Bernstein as top economic advisors, sources say
Brainard and Bernstein will have key roles in shaping Biden’s economic policy and the choices are expected to be announced as soon as next week.
Morgan Stanley analyst says these ‘undervalued’ bank stocks could rise 24%
Betsy Graseck is among the analysts who generally urged caution on bank stocks as loan losses are expected to rise this year.
Samsung launches new Galaxy S23 smartphone lineup with improved camera, gaming capabilities
Samsung launched its new Galaxy S23 smartphone lineup Wednesday. The S23 will go head-to-head with Apple’s iPhone 14.
DraftKings cuts 140 jobs as part of reorganization
DraftKings, one of the leading sports-betting companies, said it is eliminating jobs as part of a reorganization.
FedEx is laying off 10% of its officers and directors amid cooling demand
The corporate job cuts come as the shipping giant tries to reduce costs amid cooling consumer demand.
Rivian to lay off 6% of its workforce as EV price war concerns grow
The CEO of EV maker Rivian told employees that the company will make the layoffs as the company refocuses to conserve cash.
Stocks making the biggest moves midday: Peloton, AMD, Altria, Snap and more
These are the stocks posting the biggest moves during midday trading.
Biden and McCarthy clash ahead of White House debt ceiling meeting
The meeting is a key test of whether Biden and the McCarthy can build a working relationship ahead of an estimated June deadline to hike the debt ceiling.