January hiring was the lowest for the month on record as layoffs surged
Challenger, Gray & Christmas said planned layoffs totaled 82,307 for the month, a jump of 136% from December.
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Lululemon to launch first men's footwear line as it chases growth in crowded athletic apparel space
Lululemon is launching its first men's footwear line as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space.
Norway's giant wealth fund touts possibility of Novo Nordisk, Eli Lilly joining the trillion-dollar club
Norway's giant wealth fund says Novo Nordisk and Eli Lilly could be on course to become the first health care companies to join the trillion-dollar club.
Meta, X, TikTok, Snap and Discord face growing appetite in Congress for tighter social media regulation
Wall Street doesn't seem worried the tech firms will take significant financial hits to their businesses from Congress.
Man pleads guilty in $1 billion scheme to dodge money laundering rules in New York
The Treasury Department assessed a $100,000 civil penalty on Asre and banned him from participating in any financial institution's affairs for five years.
Qualcomm earnings beat estimates as smartphone chip sales suggest recovery
Under CEO Cristiano Amon, Qualcomm has been working to apply its chip technology to markets beyond smartphones.
Judge dismisses Disney's lawsuit alleging retaliation by Florida Gov. Ron DeSantis
Disney said Florida Gov. Ron DeSantis retaliated against its Walt Disney Resort when the company criticized the so-called "Don't Say Gay" parental rights bill.
Trump allies ramp up attacks on Taylor Swift ahead of Super Bowl
Swift endorsed President Joe Biden in the 2020 election, and the president's allies are hoping she will back his reelection bid.
Fed holds rates steady, indicates it is not ready to start cutting
The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting.
Starbucks' earnings report was weak — but Wall Street expected worse
Starbucks executives said the challenges faced by the company are "transitory."
Fed Chief Jerome Powell says a March rate cut is not likely
Fed Chairman Jerome Powell said the central bank is unlikely to have enough confidence about inflation to cut rates as soon as March.
Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein
Online retailers Temu and Shein, which are both based in the China region, helped contribute to Meta's ad rebound in 2023.
QAnon-linked legal fund spent $400,000 defending Trump allies, new filing shows
A fund intended to pay the legal bills of allies of Donald Trump has raised more than $1.5 million and spent just under $400,000, new records show.
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in December.
Federal Reserve holds interest rates steady, sets the stage for cuts. What that means for your money
As the Federal Reserve sets the stage for rate cuts later this year, here's what that means for your credit card, mortgage rate, auto loan and savings account.
Meta's Zuckerberg apologizes to victims in tense D.C. hearing: 'I'm sorry for everything you've gone through'
Meta has been hit with a number of lawsuits in recent months over the well-being of children on its apps like Facebook and Instagram.
A change to this one clause could be the most important part of the Fed meeting
The central bank is expected to give an important hint about interest rate moves to come by removing wording from previous statements.
Microsoft issues light guidance even as Azure growth drives earnings beat
Azure cloud growth delivered in Microsoft's fiscal second quarter, and sales of Windows licenses picked up.
Elon Musk's $56 billion Tesla compensation voided by judge, shares slide
The compensation package the Tesla board gave CEO Elon Musk set a record for publicly traded corporations, a Delaware judge noted in her ruling.
Meta chief Mark Zuckerberg 'needs to do the right thing' in child sex targeting fight: New Mexico attorney general
Meta CEO Mark Zuckerberg is testifying at a hearing about child sex exploitation online. Meta's Facebook and Instagram sites are the target of related lawsuits.
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