The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation caused by the Iran war and a spike in energy prices. The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the…
For the past 58 years, Eddie Smith Jr. has transformed Grady-White Boats from a near-bankrupt North Carolina boat manufacturer into a company generating hundreds of millions of dollars in annual revenue. He worked 100-hour weeks, gave up golf for decades,…
Costco has agreed to a $14 million settlement to resolve a class action alleging the warehouse chain sent Washington residents promotional emails with false or misleading subject lines, and eligible shoppers have until Aug. 24 to file a claim. The…
Wall Street is mixed before the opening bell Wednesday and oil prices jumped more than 4% after Jordan and the U.S. knocked down another Iranian missile barrage launched against American forces in the Middle East. Oil prices — which had eased from last week’s the…
For decades, pharmaceutical advertising largely revolved around television commercials urging patients to ask their doctors about branded medication. Increasingly, however, drugmakers are investing in a different kind of marketing campaign—one built around trusted athletes who have publicly discussed their own…
When Robinhood and Coinbase went public back in the first half of 2021, the companies occupied very different lanes. Today, the two founder-led firms are clashing on multiple fronts as Robinhood seeks to co-opt large portions of Coinbase’s crypto empire,…
Backlash to the proposed multi-billion private investment in FIFA, the organizer of soccer’s World Cup tournament, has come fast and furious, with cries of ruining ‘the beautiful game.’ According to one insider in the investor camp, however, a major cause…
eBay Inc. agreed to pay almost $50 million to a Massachusetts couple who said former employees of the company targeted them with threats and bizarre anonymous deliveries — including live insects, a funeral wreath and a bloody pig Halloween mask, according to…
The sit-down in the Oval Office, which was closed to the media, followed a consequential meeting at the NATO summit earlier this month in Ankara, Turkey, where Trump announced that the U.S. will give Ukraine a license to make Patriot defense systems — a…
Jensen Huang says AI is going to kill tasks, not jobs—a distinction that could define whether the future of work brings mass unemployment or a new wave of growth and opportunity. Speaking at Y Combinator’s Startup School in San Francisco…