Key Fed inflation gauge at 2.2% in August, lower than expected
The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago. ...
Category: Economy
Elon Musk’s X will be allowed back online in Brazil after paying one more fine
X has to pay one last fine before getting reinstated in Brazil, according to a decision out Friday from the…
EchoStar nears deal to sell Dish to DirecTV with $2 billion debt payment looming, sources say
While EchoStar and DirecTV hope to complete a deal by Monday, no deal is assured, and the talks may still…
OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures…
Extra legroom, assigned seats, overnight flights: Inside Southwest Airlines’ plan for its future
Southwest Airlines raised its third-quarter revenue forecast on Thursday and detailed a host of changes to its business model. ...
Rudy Giuliani disbarred in D.C. over Trump election lies
Rudy Giuliani was on the front lines of efforts by Donald Trump to challenge his Electoral College loss to President…
Super Micro shares tumble 15% after DOJ reportedly opens probe into company
Super Micro shares tumbled Thursday after a report that the Department of Justice opened a probe into the company. ...
Eric Adams indictment unsealed: New York mayor charged in campaign contribution scheme
There are multiple federal investigations into New York City Mayor Eric Adams, members of his administration and people connected to…
David Tepper says the Fed has to cut rates at least two or three more times to keep credibility
Appaloosa Management's David Tepper said the macro setup for U.S. stocks makes him nervous as the Fed eases policy in…