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2 mins read

US Fed cuts interest rates by 25 bps, Powell notes Trump's victory to have no impact on policy decisions

The US Federal Reserve cut interest rates for the second time this year, lowering them to 4.5-4.75%…

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5 mins read

Why Elon Musk's push to cut federal waste might succeed where others failed

There's a chance the Department of Government Efficiency's plans could lead to the deepest cuts to …

Jack Newsham   


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3 mins read

Indian markets under pressure as global rate cuts stir uncertainty, new report says

Indian markets experienced volatility as global economic shifts and political developments impacted…

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2 mins read

Jamie Dimon is the latest CEO to weigh in on RTO — this time, for DC federal workers

JPMorgan's Jamie Dimon became the latest CEO to weigh in on RTO, saying that federal workers in Was…

Alex Bitter   


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2 mins read

Elon Musk is looking to cut government waste. Here's what the US spends money on right now.

Trump selected Elon Musk and Vivek Ramaswamy to identify areas to cut government spending. The US s…

Ayelet Sheffey,Madison Hoff   


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3 mins read

'Animal spirits': 7 market strategists share how to ride the red wave as US stocks surge to new records

US stocks reached record highs after Donald Trump won. Here are eight top places to invest, based o…

James Faris   


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2 mins read

Qantas mistakenly sells first-class flights at a massive discount

Qantas said the prices were "too good to be true" and, as a gesture of goodwill, has offered to reb…

Mia Jankowicz   


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3 mins read

Gold rush to continue as experts expect prices to touch ₹70k/10g, staggered investment advised

The yellow metal hit another new life high last week. Even as its prices hover around ₹67,000 per 1…

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2 mins read

US sting operation catches crypto firms 'wash trading' to boost token values

Federal prosecutors set up a fake company to bust four crypto market makers, who they say artificia…

Kelly Cloonan   


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2 mins read

Americans are able to bet on the US elections again after a legal fight

An appeals court lifted a ban on bets on congressional election outcomes, making Kalshi the only le…

Kelly Cloonan   


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2 mins read

US Justice Department hits Visa with antitrust lawsuit over its debit card business

Visa is in the antitrust crosshairs. The US Department of Justice filed a lawsuit accusing the paym…

Dominick Reuter   


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2 mins read

The biggest single-family home landlord in the US is poised to pay $48 million in settlement with FTC

The Federal Trade Commission alleged the company engaged in a slew of illegal practices, including …

Eliza Relman   


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4 mins read

Inside the legal battle over the fate of the biggest supermarket merger in US history

Kroger and Albertsons are duking it out with US antitrust regulators who have sued to block the pro…

Natalie Musumeci   


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10 mins read

Credit card rewards are turning us into jerks

The battle to rack up credit-card rewards is turning friends against each other.

Emily Stewart   


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3 mins read

Sean 'Diddy' Combs hires top NYC defense lawyer Marc Agnifilo to fight possible federal sex-trafficking charges

Combs ex-girlfriend Cassie Ventura was the spark for an ongoing federal grand jury investigation, s…

Laura Italiano   


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1 min read

LinkedIn hit with state-of-the-art recruitment scams amid tech layoffs

Professional networking major LinkedIn has been hit by several state-of-the-art recruitment scams a…

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2 mins read

Canada to ban China’s Huawei Technologies from 5G networks

Following the steps of its partners -- including the UK, the US, Australia and New Zealand -- Canad…

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2 mins read

Big Crypto is now spending more on US elections than any other industry

Crypto companies have already funneled some $119 million into federal elections, according to data …

Lakshmi Varanasi   


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3 mins read

Neither Trump nor Harris really gave us much detail about how they will fix the economy in the debate

Many industry leaders were disappointed with the lack of specifics, while others told BI that Harri…

Alice Tecotzky   


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4 mins read

What is the federal funds rate?

The federal funds rate is the interest banks charge each other for overnight loans. Set by the Fede…

Karen Fernandez