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Investing
JPMorgan CEO Jamie Dimon warns the world isn’t ready for 7% interest rate
JPMorgan Chase CEO Jamie Dimon is raising the specter of the war on inflation getting worse before it gets better.
In an…
Merck’s COVID antiviral may be linked to virus mutations, study finds
An antiviral drug that was granted an emergency use authorization by the U.S. Food and Drug Administration in December 2021 may be linked to mutations in the…
US government and 17 states sue Amazon in landmark monopoly case
The US government and 17 states are suing Amazon in a landmark monopoly case reflecting years of allegations that the e-commerce giant abused…
United Natural Foods’ stock tanks after company swings to loss amid lower inflation benefits
United Natural Foods Inc.’s stock tumbled 16.5% Tuesday, after the grocery wholesaler swung to a fiscal fourth-quarter loss and posted sales that lagged…
New home sales dropped in August as mortgage rates climbed
New home sales dropped in August from the month before, as mortgage rates topped 7% and rose to the highest levels in more than 20 years.…
Micron earnings preview: How much has AI benefited the memory-chip maker?
Micron Technology Inc. appears to be turning the corner after the memory-chip maker called the bottom in a tough market just as artificial-intelligence tech…
US home prices rose in July to record-high levels
US home prices continued to rise in July, hitting a new record high and marking the sixth successive month of gains, as historically low…
Bitcoin Has Become Boring. Here’s What Could Wake It Up.
By almost any measure, crypto fatigue has settled in. Prices have flatlined, trading volume has collapsed, and hardly anyone outside the industry seems to care about crypto…
FCC to reintroduce rules protecting net neutrality
The US government aims to restore sweeping regulations for high-speed internet providers, such as AT&T, Comcast and Verizon, reviving “net…
Pfizer restarts production at tornado-damaged facility, but some supply is still affected
Pfizer Inc. said late Monday that it has restarted production at a North Carolina facility badly damaged by a tornado in July, but warned that some…