Bitcoin miners in Texas are suffering from yet another storm as they scale back operations due to spiking electricity costs while facing damages on their machines from the extreme weather.
FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving step as economic concerns and waning e-commerce weigh on demand for package delivery.
Traders in the interest rate swaps market have concluded after the Federal Reserve rate decision that policy direction is set for a deeper dovish pivot from the middle of this year.
News of Tom Brady’s second retirement is everywhere in the US – it shot to the top of Twitter’s trending list in minutes. Internationally, there’s more competition.
Palantir Technologies Inc. Chief Executive Officer Alex Karp said the company’s strategy to reach new business clients is working, especially in the US.
Wall Street had widely expected that the Federal Reserve would ease up on its pace of rate hikes to battle inflation on Wednesday. But despite the central bank’s efforts to emphasize that it wasn’t going to stop hiking any time soon, markets rallied after traders decided that the finish line was in sight.
The Long Island village of Southampton has long served as a getaway for New York’s ultra-wealthy, but in the summer of 2022, it welcomed a crop of newly minted magnates. George Santos, an underdog congressional candidate from the other end of the island, was there to greet them.
Oil prices fell the most in about a month as government data showed US crude inventories swelled to the highest levels since June 2021.
The eldest son of former President Jair Bolsonaro said his father isn’t fleeing Brazilian justice by applying for a six-month US visa and that he would return home if called by authorities.
Bank of Montreal, which just completed its $16.3 billion takeover of Bank of the West, expects to be able to gain share even in US markets where the firm only has a sparse branch presence.
