Fed Pauses Interest Rate Increases but Suggests More Are Ahead
Federal funds
target rate
Fed Pauses Interest Rate Increases But Suggests More in Future
Federal funds
target rate
‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive.
Mr. Vecchione, a Queens native, looks as if he could play a banker in a movie. He sports Hermès ties and collects high-end watches (not including Rolexes, which he says are too common). His pay over the past three years was worth nearly $22 [...]
E.U. Takes Major Step Toward Regulating A.I.
Policymakers everywhere from Washington to Beijing are now racing to control an evolving technology that is alarming even some of its earliest creators. In the United States, the White House has released policy ideas that include rules for [...]
Westfield Gives Up San Francisco Mall, Signaling More Pain Ahead
Mr. Yasukochi said that was partly because of what was sometimes described in the industry as “extend and pretend.” Banks are reluctant to seize nonperforming properties because of the commitment required to finding tenants and because [...]
Google’s Ads Violate Antitrust Laws, E.U. Says
“Google is present at almost all levels of the so-called adtech supply chain,” Margrethe Vestager, the executive vice president of the European Commission, said in a statement. “Our preliminary concern is that Google may have used its [...]
Binance Spars With U.S. Regulators Over Asset Freeze
The moves against Binance are part of an increasingly aggressive regulatory crackdown on the crypto industry. A day after filing the Binance lawsuit, the S.E.C. also sued Coinbase, the largest U.S. exchange, for dealing in unlicensed securities.
That [...]
Diablo IV Breaks Blizzard Records, Surpassing ‘$666 Million’ in Sales
The News
Diablo IV, the latest version of a video game franchise that has gained millions of fans over its more than 25 years, has broken internal records for its publisher Blizzard and surpassed more than $666 million in sales since its debut [...]
Reddit Communities Go Dark to Protest New App Policy
“Reddit needs to be a self-sustaining business, and to do that, we can no longer subsidize commercial entities that require large-scale data use,” Steve Huffman, Reddit’s chief executive, said on Friday in an “Ask Me Anything” discussion [...]
UK Braces for Higher Interest Rates as Risk of Inflation Grows
Yields on British government bonds are higher than when Ms. Truss was prime minister in September and October. Her tax-cutting, free markets agenda spooked markets and caused bond yields to surge, roiling the mortgage market and pensions industry. [...]
