Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while…
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon…
Amazon.com’s Amazon Web Services, the world’s largest cloud-service provider, owes tech company Kove $525 million for violating its patent rights…
Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely…
Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of…
Apple’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers…
The U.S. Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent…
Tesla has settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father…
Wednesday’s inflation report showed consumer price growth continues to drift higher. The Bureau of Labor Statistics reported price growth…