It’s been a brutal year for crypto. Even before the dramatic collapse of the trading platform FTX last month, the price of bitcoin had fallen substantially in 2022 — the product of rising interest rates,…
Category:
Business
-
-
Business
Why Southwest Airlines canceled so many flights during the busiest holiday travel week of the year
Southwest Airlines travelers faced a brutal capstone to their Christmas weekend, as the Dallas-based carrier canceled more than 70% of its flights Monday — approximately 2,900 of them, according to the flight tracking site FlightAware. Another…
-
Two of Sam Bankman-Fried’s top business partners — a co-founder of the cryptocurrency exchange FTX and the former CEO of the hedge fund Alameda Research — have pleaded guilty to fraud, a federal prosecutor in…
-
Business
U.S. employers would have to automatically enroll workers in company 401(k) programs under new bill
New legislation working its way through Congress could improve retirement security for U.S. workers. The plan is part of a government spending bill, and it includes a provision that would automatically enroll eligible employees into…
-
Amazon is extending its program that allows customers to send their delivery drivers a $5 tip, following unprecedented demand in the program’s initial rollout. The program allows Amazon customers to use Alexa-enabled devices like Echo…
-
The National Football League announced Thursday its Sunday Ticket subscription package would go to Google’s YouTube TV starting next season, marking the league’s second media rights deal with a streaming service. YouTube TV will pay…
-
America’s tax brackets are changing thanks to inflation. That will be welcome news for many people whose salaries haven’t been keeping up with the highest price increases in four decades seen in 2022. The announcement…
-
As inflation wears on American consumers, a host of government and financial rules are changing to help fight rising prices that have reduced your spending power. In many cases, the changes are intended to help…
-
In 2022, the Federal Reserve raised its key federal funds rate seven times — something it hasn’t done as aggressively since the 1980s. The central bank hopes that by doing so, it can slow down…
-
Indicted FTX co-founder Sam Bankman-Fried agreed Tuesday to be extradited from the Bahamas to the U.S., a Bahamian court official said. The paperwork has been filed with the court, and Bankman-Fried will fly to the…