Money

The Federal Reserve left interest rates unchanged Wednesday and again stressed it would use its “full range of tools” to support the US economy during the recovery, which has slowed in recent months. Rising Covid-19 infections are weighing on the economy, which still remains far from its pre-pandemic strength. Renewed shutdowns in various states have

President Joe Biden is cracking down on the oil-and-gas industry, but he is not taking the extreme steps the Trump campaign claimed he would last fall. Last week, the Biden administration imposed a 60-day suspension of new oil and gas leasing and drilling permits on federal lands unless the Interior Department’s leaders approved them. Biden

Ben & Jerry’s two co-founders want to make it easier for Americans to sue police officers who abuse their authority, a move that reform advocates say is a key step towards substantive police reform. Ben Cohen and Jerry Greenfield made their views clear during a virtual press conference Tuesday announcing the new campaign to end

Analysts have talked for at least a year about the potential for Apple’s first 5G iPhone to drive a “supercycle” of device sales. On Wednesday, Apple’s first earnings report since the iPhone 12 went on sale will provide a look at whether that projection is coming true. The consensus seems to be that sales of

Boeing closed the books on its worst year ever, posting record losses and plunging sales on the backs of combined crises: the Covid-19 pandemic and the problems getting the 737 Max back in the air. The company’s loss from operations climbed to $12.8 billion, up from nearly $2 billion a year ago, which was Boeing’s

Ben & Jerry’s two co-founders want to make it easier for Americans to sue police officers who abuse their authority, a move that reform advocates say is a key step towards substantive police reform. Ben Cohen and Jerry Greenfield made their views clear during a virtual press conference Tuesday announcing a new campaign to end

Federal Reserve chair Jerome Powell and his predecessor Janet Yellen, now the first woman to serve as Treasury secretary, are both known for their dovish stances on inflation. That suggests they are unlikely to be in any particular hurry to push for higher interest rates. And with the economy still struggling due to Covid-19, neither

TikTok has been forced to lay off some of its workers in India as the country doubles down on what was already a monthslong ban on the app in the country. The popular short video app announced Wednesday that it will cut workers in India after it had “not been given a clear direction on

A war of words between the European Union and AstraZeneca escalated on Wednesday as the two sides argued in public over coronavirus vaccine delays that threaten the bloc’s fragile recovery from the pandemic. The dispute began on Monday when EU officials said they had been told by AstraZeneca that the company intended to supply “considerably

Rosalind Brewer will be the next CEO of Walgreens — making her the only Black woman currently slated to take the helm of a Fortune 500 company. Brewer is set to begin on March 15, Walgreens said Tuesday. She currently serves as the chief operating officer at Starbucks, and will remain in the role until

Earnings from some of the biggest US technology companies could push the market to new highs as talk of a stock bubble continues to ripple through Wall Street. What’s happening: Investors who think soaring valuations are grounded in reality point to future profits from the likes of Apple and Facebook, which report results from last

President Joe Biden is cracking down on the oil-and-gas industry, but he is not taking the extreme steps the Trump campaign claimed he would last fall. Last week, the Biden administration imposed a 60-day suspension of new oil and gas leasing and drilling permits on federal lands unless the Interior Department’s leaders approved them. Biden

AstraZeneca is pushing back strongly against criticism from EU officials over delayed deliveries of its Covid-19 vaccine. In an interview with Italian newspaper la Repubblica on Tuesday, AstraZeneca CEO Pascal Soriot said the company had agreed to make its “best effort” to deliver the doses EU countries had ordered but was not contractually committed to

The internet is buzzing over a new technology created by Microsoft developers that could make it possible to have a virtual conversation with a deceased loved one (well, kind of). A patent granted to Microsoft last month details a method for creating a conversational chatbot modeled after a specific person — a “past or present

Walmart plans to build automated mini-warehouses in dozens of its stores to speed up customers’ online delivery and curbside pickup orders in a race against Amazon. Walmart announced Wednesday that it will add dozens of 20,000 square-foot to 30,000 square-foot automated fulfillment centers in the coming years, either in the backrooms of its stores or

Apple is urging iPhone and iPad users to promptly update their operating systems to fix security bugs that may have already been exploited by hackers. On its support webpage, the company said three security flaws “may have been actively exploited.” It did not reveal too many specifics about the bugs, noting “Apple does not disclose,

Goldman Sachs cut chief executive David Solomon’s annual compensation by $10 million, or 36%, following a penalty deduction that resulted from the bank’s role in a corruption scandal involving a Malaysian investment fund, known as 1MDB. Solomon’s compensation package was reduced to $17.5 million for 2020, down from the $27.5 million he received in 2019,

Microsoft exceeded Wall Street analysts’ expectations for quarterly revenue by nearly $3 billion and hit a three-month sales record, it reported Tuesday. The results signal that the pandemic is continuing to buoy the tech giant’s business — from computers and gaming systems to the cloud computing systems helping companies navigate continued remote working. Microsoft posted

SpaceX and Amazon — companies run by the two richest men in the world — are sparring over their competing satellite-based internet businesses, with SpaceX accusing Amazon of “stifling competition” and Amazon accusing SpaceX of looking to “smother competition in the cradle.” Elon Musk, the CEO of SpaceX, has an estimated net worth of $209