Business

(NEW YORK) — The price of bitcoin has tumbled about 12% from a record high reached earlier this week. After topping $108,000 for the first time on Tuesday, the world’s largest cryptocurrency dropped to a price below $93,000 in early trading on Friday. Bitcoin soon recovered some of those losses, settling around $95,000 at 9:30 a.m. ET. The selloff […]

(NEW YORK) — Workers affiliated with the Teamsters began striking at Amazon facilities across the country Thursday morning — in what the union calls the largest strike in history against the online shopping giant less than a week before Christmas. In a news release Thursday evening, the union said “thousands of Teamsters” were taking part […]

(NEW YORK) — As the Teamsters’ cross-country Christmastime strike against Amazon entered its second day on Friday, the union said that “momentum continues to mount” as workers seek “fair treatment” from the online retailer. “The Amazon Teamsters movement grows bigger and stronger every day and will not be stopped,” the International Brotherhood of Teamsters said […]

(NEW YORK) — The Teamsters said workers will begin striking at Amazon facilities across the country Thursday morning — in what the union calls the largest strike against the online shopping giant less than a week before Christmas. The Teamsters said the strike will begin early Thursday at several facilities, including in New York City, […]

(WASHINGTON) — The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank’s last meeting before President-elect Donald Trump takes office next month. The central bank predicted fewer rate cuts next year than it had previously indicated, however, suggesting concern that inflation may […]

(NEW YORK) — The price of bitcoin topped $107,000 for the first time this week, climbing to a fresh high days after President-elect Donald Trump reaffirmed support for a U.S. bitcoin strategic reserve akin to its strategic oil reserve. The world’s largest cryptocurrency has seen its price climb more than 50% since the election of […]

(NEW YORK) — The federal appeals court that last week rejected TikTok’s attempt to overthrow its pending ban denied the company’s request Friday that sought to pause the ruling and the Jan. 19 deadline for a sale. The company, which has been forced by a federal law to sell to a new owner or be […]

(WASHINGTON) — A fresh inflation reading this week flashed a warning: Price increases are rising again, just when the Federal Reserve had appeared close to declaring “mission accomplished” in its yearslong fight to lower them. In theory, the trend would prompt the Fed to raise rates, or at least hold them steady, when central bankers meet next week. High […]

(NEW YORK) — Multiple “Wanted” signs featuring corporate executives posted in Manhattan this week included a grave warning, according to a New York Police Department bulletin. “Brian Thompson was denied his claim to life. Who will be denied next?” the signs said. The threats of violence against CEOs followed an outpouring of criticism on social […]

(WASHINGTON) — Albertsons has filed a lawsuit against its rival Kroger following a failed multibillion dollar deal that would have marked the biggest supermarket merger in U.S. history. Two federal judges in Oregon and Washington blocked the merger Tuesday, siding with the Federal Trade Commission, which has opposed the plan, arguing it would eliminate competition and raise […]