Fed's Mester sees benchmark rate above 4% and no cuts at least through 2023
Cleveland Fed President Loretta Mester said she sees rates rising considerably higher before the central bank can ease off in its fight against inflation.
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NASA taps SpaceX for 5 more astronaut missions worth $1.4 billion
NASA on Wednesday announced the awarding of five more astronaut missions to Elon Musk's SpaceX.
FDA authorizes Covid booster shots that target omicron BA.5 variant
It is the first time the FDA has authorized an updated vaccine formula since the shots rolled out in December 2020.
Anticipating pain ahead: Sifting through the short-term drops
Investors are facing more stumbling blocks in the months ahead as they weigh ongoing market uncertainty and the impact of inflation on corporate earnings.
Walmart-owned Sam's Club raises annual membership fee for the first time in nine years
Sam's Club has grown during the pandemic and benefited from fuel discounts during inflation.
Trump lawyer John Eastman takes Fifth before Georgia grand jury in election-interference probe
Efforts by allies of Donald Trump to undo his election loss to President Joe Biden are the focus of a criminal probe in Georgia.
Stricter standards needed for carbon offsets, several House Democrats urge
Offset projects include a slew of initiatives that conserve habitats able to store carbon, including forests, grasslands, wetlands and blue carbon ecosystems.
Who wants to be a billionaire? 6 in 10 Americans strive to be mega-wealthy, report finds
Six in 10 adults want to become a billionaire one day, according to a recent report. But as the wealth gap widens, there's also resentment toward the mega-rich.
Snap shares pop on plans to cut 20% of staff as part of major restructuring
Snap CEO Evan Spiegel told employees in a memo that the changes were necessary to deal with financial challenges and lower-than-expected growth.
Democratic Rep. Charlie Crist resigns from Congress as he takes on GOP Gov. Ron DeSantis in Florida
Crist's move came as DeSantis and former President Donald Trump are both rumored to be considering a run for the White House in the next election cycle.
Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report
Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report.
Bosch will invest $200 million to build fuel cells for electric trucks in South Carolina
Bosch will build fuel cells for electric heavy trucks, including Nikola's, in South Carolina starting in 2026.
DOJ opposes special master for documents seized from Trump, says more than 100 classified records found at Mar-a-Lago
Donald Trump wants a special master to examine documents seized from Mar-a-Lago in an FBI raid, which the DOJ says found scores of classified documents.
Mortgage demand falls even further, as rates shoot back up to July highs
After falling earlier this month, mortgage rates began rising again to the highest level since mid-July. That caused mortgage demand to pull back even further.
Autonomous delivery company Gatik wins new pilot program with Pitney Bowes in Dallas
Gatik trucks will supplement five existing Pitney Bowes routes in the Dallas area and will run packages between distribution centers.
Steve Hanke says we're going to have one 'whopper' of a recession in 2023
"The problem we have is that the [Fed Chair Jerome Powell] does not understand ... what the causes of inflation are and were," said the Johns Hopkins professor.
Fed's Williams pushes back on market expectations of a rate cut next year
New York Fed President John Williams said he expects rates to continue higher and to remain at those levels until inflation is subdued.
Lucid and Nikola move to raise additional funds as rising costs squeeze EV startups
Lucid and Nikola said in regulatory filings that they will issue new shares to raise cash as the EV industry faces sharply rising costs for battery minerals.
NASA aims for Artemis launch attempt on Saturday after reviewing rocket engine problem
NASA announced it will make another attempt to launch the Artemis I lunar mission on Saturday, after calling off the launch on Monday due to an engine issue.
California passes bill aimed at making the internet safer for kids
The California Age-Appropriate Design Code Act would require online platforms to proactively consider how their product design could pose a danger to minors.
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