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Categories Business

FTX co-founder Sam Bankman-Fried should be jailed until trial, prosecutor argues

Author July 27, 2023

A judge in New York is weighing whether to revoke Sam Bankman-Fried’s bail after prosecutors said Wednesday that the FTX co-founder used the

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Categories Business

UPS workers reach a tentative contract deal with management days ahead of strike deadline

Author July 27, 2023

UPS and the Teamsters union reached a tentative agreement for a new five-year contract covering 340,000 workers at the country’s largest package

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Categories Business

Federal Reserve raises key interest rate to highest level in more than 20 years

Author July 27, 2023

The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level

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Categories Business

US consumer confidence hits 2-year high — but recession fears linger

Author July 26, 2023

U.S. consumer confidence increased to a two-year high in July amid a persistently tight labor market and receding inflation, bolstering the economy’s

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Categories Business

As Lionel Messi descends, Miami economy faces another turning point

Author July 26, 2023

MIAMI — At the height of the Covid pandemic, Miami — the new home of soccer superstar Lionel Messi — emerged as

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Categories Business

Spotify and YouTube raise their premium-service pricing

Author July 26, 2023

Spotify announced Monday it will increase the price of its premium service by $1, to $10.99. The music streaming giant said existing premium

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Categories Business

Federal Reserve launches FedNow instant payment service that could bypass Venmo and PayPal

Author July 25, 2023

The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday

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Categories Business

FTX lawyers accuse Sam Bankman-Fried of financing his criminal defense with $10M in misappropriated funds

Author July 25, 2023

Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company’s lawyers, who accuse

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Categories Business

IRS stops unannounced in-person visits, citing safety concerns for taxpayers and employees

Author July 25, 2023

The Internal Revenue Service will end most unannounced in-person visits to taxpayers in order to ‘reduce public confusion’ and improve safety for

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Categories Business

Potential UPS strike: Where talks stand and what to expect

Author July 25, 2023

Negotiators for UPS and the Teamsters union representing some 340,000 workers at the nation’s largest package carrier are going back to the

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