Spotify is slowing hiring by 25%, CEO says
It's the latest signal that companies across tech are cutting back on staff growth as economic uncertainty looms.
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American Airlines CEO vows to improve pilot pay as wages at other carriers rise
American Airlines CEO Robert Isom told pilots that they "will not fall behind network peers."
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on May 4.
Millionaires are raising cash on fears that the Fed can't tame inflation and stave off recession
Millionaires surveyed by CNBC ranked inflation as the top risk to both the economy and their personal wealth.
Musk says he's leaning toward voting for Florida Gov. Ron DeSantis for president
Musk also disclosed he voted Republican for the first time this week in a special election for a Texas congressional seat.
These could be the next hot food and drink trends
The Summer Fancy Food Show returned for the first time since 2019. It has gained a reputation for being the place to spot the next big flavors and foods.
Here's everything the Fed is expected to announce, including the biggest rate hike in 28 years
The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three-quarters of a percentage point.
Retail sales posted unexpected 0.3% decline in May as inflation hammers consumers
Advance retail and food service spending fell 0.3% for the month, below the Dow Jones estimate for a 0.1% gain.
Microsoft retires Internet Explorer browser after 26 years
Security flaws, antitrust memories and slower speed dragged down Internet Explorer as Google Chrome came to rule. Now Microsoft is promoting its Edge browser.
Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher
Sharply rising interest rates are decimating refinance volume, and those rates, along with sky-high home prices, are hitting demand from buyers.
What led to the U.S. baby formula shortage − and how officials are trying to prevent it from happening again
In addition to a factory shutdown, America's strict formula import regulations and a nutritional program for low-income families may have contributed to the disaster.
Netflix, once the great disruptor, is now taking ideas from the industry it upended to jumpstart growth
Netflix upended the entertainment industry by disrupting old media practices. Now it's rethinking many of its core tenets
FDA committee recommends Moderna two-dose Covid vaccine for kids ages 6 to 17
The committee voted to recommend the shots for use in kindergarteners through high schoolers after a meeting that weighed how safe and effective the shots are.
10-year Treasury yield tops 3.48%, the highest in 11 years
The yield on the 10-year note jumped again on Tuesday after notching its biggest move since 2020 in the previous session.
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
The average rate on the popular 30-year fixed mortgage hit 6.28% Tuesday, according to Mortgage News Daily.
Texas power demand breaks record as severe heat wave hits the state
Rising demand prompted by extreme weather has triggered concerns over the vulnerability of Texas's power grid system.
Spirit Airlines says it will decide on competing JetBlue, Frontier bids before the end of June
JetBlue recently sweetened its offer for Spirit to include a $350 million reverse break-up fee.
It's a pain to fly these days. The FAA and airlines are trying to fix that
U.S. flight delays increased this year due to staffing issues, bad weather and stronger-than-expected demand.
United Arab Emirates bans Pixar's new Buzz Lightyear movie from theaters
The United Arab Emirates ban comes despite an announcement last year that the country would no longer censor movies.
Capitol Police says Rep. Loudermilk's tour day before Trump riot wasn't suspicious
Republicans said a letter from Capitol Police vindicated Rep. Barry Loudermilk, who was questioned about a tour a day before the riot by Trump supporters.
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