Weaker-than-expected job growth in October and a slight uptick in unemployment show the red-hot job market is finally cooling. That’s a good thing. The Federal Reserve has been trying to get the worst inflation in…
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Business
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Starbucks on Thursday presented the latest stage in its plan to drive growth for the company, which involves accelerating its global footprint and saving $3 billion in costs over the next three years. The company said…
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Sam Bankman-Fried, once hailed as a genius in cryptocurrency, was found guilty Thursday of all fraud counts against him, a year after his exchange, FTX, imploded and practically wiped out thousands of customers. The verdict…
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Amazon used a secret algorithm that essentially helped the company raise prices on other online sites and “destroyed” some internal communications as the Federal Trade Commission was investigating the company, according to a newly unredacted…
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Sam Bankman-Fried, once hailed as a genius in cryptocurrency, was found guilty Thursday of all fraud counts against him, a year after his exchange, FTX, imploded and practically wiped out thousands of customers. The verdict…
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A jury has found Sam Bankman-Fried Thursday guilty on all counts in the fraud trial against the former crypto billionaire. CNBC reported at around 4:55 p.m. Pacific time that the jury found Bankman-Fried guilty. The…
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Business
Homebuyers and sellers face an uncertain wait for billion-dollar verdict to hit their wallets
The historic $1.78 billion National Association of Realtors verdict in Kansas City, Missouri, this week could trigger a major disruption in the housing market, but it’s unclear when millions of people will know how the…
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A U.S. jury on Tuesday found the National Association of Realtors and some residential brokerages, including units of Warren Buffett’s Berkshire Hathaway, liable to pay $1.78 billion in damages for conspiring to artificially inflate commissions…
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The Federal Reserve left interest rates unchanged Wednesday as it continues to track inflation and the health of the economy. The central bank voted unanimously to leave its primary interest rate in the range of…
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The U.S. Education Department is fining Grand Canyon University $37.7 million, saying the for-profit Christian school misrepresented the costs of its doctoral programs. The agency says Grand Canyon University told students that enrolling in the…