Thursday, March 28, 2024

Business

How The Fed’s Rate Hikes Could Affect Your Finances

NEW YORK (AP) — The Federal Reserve's move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed's lates...

Wall Street May Get Much Worse In 2023 Before Getting Better

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NEW YORK (AP) — The worst may be yet to come for the stock market. Wall Street's mini-rebound since mid-October has recovered some of the index's sharp losses from the first 10 ...

Tesla Stock Slips As Musk Sells Another $3.58B Of Its Shares

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NEW YORK (AP) - Shares of Tesla are sliding before the market open on Thursday after news broke that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker's ...

Fed Raises Key Rate By Half-Point And Signals More To Come

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WASHINGTON (AP) — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But...

US Inflation Slowed Sharply To 7.1% Over Past 12 Months

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WASHINGTON (AP) — Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on Ameri...

SEC Charges Former FTX CEO With Defrauding Crypto Investors

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NEW YORK (AP) — The U.S. Securities and Exchange Commission has charged the former CEO of failed cryptocurrency firm FTX with orchestrating a scheme to defraud investors. An SEC...

FTX Founder Sam Bankman-Fried Arrested, Lawmakers to Hold Hearing

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NEW YORK (AP) — The House Financial Services Committee plans to hold a hearing into the collapse of crypto exchange FTX on Tuesday, but its star witness will be missing. Sam Ban...

Grilling Company Weber To Be Taken Private In $3.7B Deal

NEW YORK (AP) - Grilling company Weber is being taken private in a deal valued at about $3.7 billion. Investment funds managed by BDT Capital Partners LLC will buy all of the ou...

FLASHBACK: The Many Instances Twitter Executives Gaslighted Us About Shadow-Banning Conservatives

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(VINnews) — For years, Twitter assured us they do not target conservatives. CEO Jack Dorsey and other high-level execs insisted (even under oath) that “shadow banning” is a right-w...

Twitter Relaunching Subscriber Service After Debacle

NEW YORK (AP) — Twitter is once again attempting to launch its premium service, a month after a previous attempt failed. The social media company said Saturday it would let user...

Ex-FTX CEO Bankman-Fried Says He Will Testify To Congress

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WASHINGTON (AP ) - The former CEO of the failed cryptocurrency exchange FTX said in a tweet Friday that he is willing to testify to Congress next week, but that he will be limited ...

Wholesale Inflation In US Further Slowed In November To 7.4%

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WASHINGTON (AP) — Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the ...

EU Court: Google Must Delete Inaccurate Search Info If Asked

LONDON (AP) — Google has to delete search results about people in Europe if they can prove that the information is clearly wrong, the European Union's top court said Thursday. T...

Couple Confuses Walmart Cashier, Walks Out with Thousands in “Free” Merchandise

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GEORGIA (VINnews) — Two shoppers confused a Walmart cashier, thus managing to walk out with thousands of dollars in merchandise without paying. The man and woman loaded a cart w...

Juul Reaches Settlements Covering More Than 5,000 Cases

(AP) - Juul Labs has reached settlements covering more than 5,000 cases brought by about 10,000 plaintiffs related to its vaping products. Financial terms of the settlement were...

In Tweet, Elon Musk Mocks Wikipedia Over ‘Left-Wing Bias”

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CALIFORNIA (Yaakov M / VINnews) — Elon Musk said that Wikipedia has a "left-wing bias" after the website marked the “Twitter files” article for deletion. The leftist editors cal...

Trump Organization Convicted In Executive Tax Dodge Scheme

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NEW YORK (AP) — Donald Trump’s company was convicted of tax fraud Tuesday for helping executives dodge taxes on lavish perks such as Manhattan apartments and luxury cars, in a sign...

Facebook Parent Meta Threatens To Remove News From Platform

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(AP) - Facebook parent Meta Platforms Inc. said Tuesday it will be “forced to consider” removing news content from its platform if Congress passes legislation requiring tech compan...

Elon Musk Fires Twitter’s General Counsel Over Supression Of Hunter Biden Scandal

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SAN FRANCISCO (VINnews) — Elon Musk has sacked Twitter's General Counsel James Baker, due to his role in Twitter supressing the Hunter Biden laptop scandal. Musk made the announ...

Hertz To Pay $168 Million In Bogus Theft Settlement

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Hertz says it will pay approximately $168 million by the end of the year to settle the majority of the lawsuits brought against the rental car company by some of its customers who ...