Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
The Federal Reserve on Wednesday released minutes from its Jan. 30-31 meeting.
Feds charge Japanese Yakuza leader with nuclear materials trafficking
Prosecutors said Yakuza leader Takeshi Ebisawa “and his confederates showed samples of nuclear materials in Thailand” to an undercover DEA agent.
EV boat maker Arc debuts a premium wake sport model for $258,000
Founded by ex-SpaceX engineer Ryan Cook, and repeat entrepreneur Mitch Lee, Arc Boat Co. is on a mission to make wake sports and boating cleaner and quieter.
Apple releases free new sports app for iPhone
Apple announced its free Apple Sports app on Wednesday. It launches Feb. 21 in the U.S., Canada and the U.K.
Mortgage demand takes a massive hit as interest rates cross back over 7%
Applications for a mortgage to purchase a home fell 10% last week as interest rates surged to the highest level since early December.
Jeff Bezos unloads around $2.4 billion in Amazon stock, bringing recent sales to 50 million shares
Bezos has been aggressively selling Amazon stock since he disclosed a plan to sell up to 50 million shares in the company before Jan. 31, 2025.
Woman drops lawsuit against Leon Black alleging rape at Jeffrey Epstein mansion
Leon Black in 2023 agreed to pay $62.5 million to the U.S. Virgin Islands to be released from any potential claims related to its probe of Jeffrey Epstein.
UBS hikes its S&P 500 target to 5,400, highest on Wall Street
The S&P 500 is higher by more than 4%, having notched fresh record highs in recent weeks.
AbbVie taps longtime executive Robert Michael as new CEO, succeeding Richard Gonzalez
Michael, who is AbbVie’s chief operating officer, will become the company’s second-ever CEO since the company spun out from Abbott Laboratories in 2013.
