The UAW’s strike is already affecting other GM and Stellantis factories, where nearly 2,400 workers were laid off Wednesday.
FTC names three Amazon executives in amended complaint over ‘deceptive’ Prime processes
The Federal Trade Commission updated its complaint against Amazon for its “deceptive” Prime sign-up and cancellation process.
Fed declines to hike, but points to rates staying higher for longer
The Federal Reserve on Wednesday released its decision on interest rates and updates on the economy.
Biden administration forgives $37 million in student debt for defrauded borrowers
The Biden administration announced it would cancel nearly $37 million in student debt for over 1,200 students who attended the University of Phoenix.
Home prices are expected to rise in 2024: ‘There are simply not enough homes’ to meet demand, says economist
The housing market is expected to remain resilient, even with high mortgage costs pricing out potential buyers.
This Fed pause is the perfect time to pay down your costly, variable-rate debt
The Federal Reserve is holding rates steady, which means consumers should prioritize paying off their high-interest debt.
37-year-old quit Amazon and started 20 companies before coming up with Instacart—now he’s worth $1.1 billion
Apoorva Mehta is a billionaire, thanks to Instacart’s IPO. But, before the grocery delivery startup took off, he tried and failed with 20 other businesses.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 26.
China’s macro backdrop has investors worried. Here are some stocks that could be safe from any weakness
A lackluster economic backdrop in China shouldn’t keep Wall Street from buying opportunities in the world’s second-largest economy, some investors say.
The Federal Reserve leaves rates unchanged. Here’s how it impacts your money
At the end of its two-day meeting Wednesday, the Fed said it would skip a rate hike in September. But it won’t get any less expensive to borrow.
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