Meta’s court victory is a major blow for U.S. FTC Chair Lina Khan, a President Biden appointee brought on to rejuvenate the government’s antitrust enforcement.
: FedEx to cut executive team by more than 10%
FedEx Corp. says it will cut its executive team by over 10% as it aims to become a “more efficient, agile organization.”
Market Extra: Options trading desks ‘flying blind’ after derivatives platform hit by ransomware attack
A popular derivatives platform used by options dealers and investment banks was hit with a cyber attack on Tuesday, disrupting trading of derivatives potentially tied to stocks, bonds and currencies, according to media reports and a company statement
Brett Arends’s ROI: Tom Brady gets emotional as he retires—again
Very successful people often find it hard to quit
Market Extra: Why Fed vs. markets showdown leaves Powell at disadvantage
It’s Jerome Powell versus the markets. Here’s how Wednesday’s Federal Reserve decision could play out for stocks after a strong January rally.
Economic Report: U.S. construction spending falls in December
U.S. construction spending fell 0.4% in December, the Commerce Department reported Friday.
Market Snapshot: Nasdaq jumps 2% to end at highest since September after Fed raises rate by a quarter-point, Powell signals few more hikes to go
U.S. stocks finish higher on Wednesday, reversing earlier losses after the Federal Reserve raised its policy interest rate by 25 basis points, as widely expected, while pointing to potentially only a few more on the horizon.
Economic Report: ‘It seems everyone is bracing for a recession’ — U.S. factories contract for third month in a row, ISM finds
A key barometer of American factories contracted for the third month in a row to 47.4 and touched the lowest level since early in the pandemic.
Economic Report: U.S job openings climb to 11 million at end of 2022. Labor market too strong for Fed
Job openings in the U.S. rose to a five-month high of 11 million in December, a sign the labor market is still extremely tight.
Metals Stocks: Gold futures settle down and move lower after Fed rate hike
Gold settles with a loss Wednesday, then moved mostly lower after the Federal Reserve announced a 25-basis point interest-rate hike, as had been broadly expected.