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…
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Business
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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…
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A frigid arctic blast threatens to derail holiday travel this week. But even those who reach their destinations on time may have reason to grumble: Some will have to make their own hotel beds, wipe…
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Shares in electric vehicle maker Tesla sank to a new 52-week low on Tuesday, closing around $138 per share, or 8% lower for the day in an otherwise mixed day for stocks. CEO Elon Musk tried to…
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Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker than the 4.17 million units…
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Business
Shipping companies brace for harsh winter weather with ‘contingency plans’ to help gifts arrive on time
With inclement winter weather forecast for much of the country this week, New Hampshire resident Laurie Boswell said she can sleep easy because she sent her Californian daughter’s Christmas gift with time to spare during…
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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…
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Business
Fortnite maker Epic Games fined $520 million on accusations it exposed children to potential harm
The maker of the popular online video game Fortnite has agreed to pay a record settlement to resolve charges it violated children’s privacy, exposed children and teenagers to potential harassment, and duped players of all…
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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…
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A frigid arctic blast threatens to derail holiday travel this week. But even those who reach their destinations on time may have reason to grumble: Some will have to make their own hotel beds, wipe…