business news

FCC votes to ban termination fees for cable and satellite services

WASHINGTON — The Federal Communications Commission on Wednesday voted to pass a measure banning cable and satellite companies from charging…

Former Facebook diversity strategist pleads guilty to stealing more than $4 million from company

A former global diversity strategist at Facebook pled guilty to wire fraud after stealing more than $4 million from the…

Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%

The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge falling to 2.4% in 2024. The…

Fed holds rates steady, indicates three cuts coming in 2024

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table…

Stocks making the biggest moves midday: Etsy, Pfizer, Tesla, Vertex Pharmaceuticals and more

Check out the companies making headlines in midday trading. Etsy — Etsy’s stock sank 2% after the e-commerce company said…

Glenn Youngkin praises Trump on economy, downplays ‘dictator’ fears

Virginia Republican Gov. Glenn Youngkin on Wednesday said he would support Donald Trump if the former president is the party’s…

Hunter Biden defies subpoena, defends business record

Hunter Biden on Wednesday defended his business record and denied that his father, President Joe Biden, was financially involved in…

Appeals court rejects Trump presidential immunity challenge to E. Jean Carroll case

A federal appeals court on Wednesday rejected arguments by Donald Trump that presidential immunity protected him from being sued for…

Wholesale prices held flat in November, providing another encouraging inflation signal

Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday. The…